Thomas Cook India records highest ever profits in FY24

Travel services provider Thomas Cook (India) Ltd has reported a consolidated net profit of Rs 58.17 crore for the fourth quarter ended March 2024.

Reportedly, the company had posted a consolidated net loss of Rs 10.22 crore in the same quarter a year ago, Thomas Cook (India) said in a regulatory filing.

Its consolidated total income during the quarter under review stood at Rs 1,692.61 crore against Rs 1,323.94 crore in the corresponding period of the previous fiscal, it added.

In FY24, the consolidated total income stood at Rs 7,435.65 crore compared to Rs 5,111.2 crore in FY23, the company said.

"Thomas Cook India Group has delivered record profits for both the quarter and FY24. Every business and geography has contributed to the profitability,” said Thomas Cook (India) Executive Chairman Madhavan Menon. He added saying, “Personally, I believe the Group’s results reflect the buoyancy in the Indian and global travel services sector and therefore, our robust forward bookings, reflecting an 18% growth Vs. last year – is very encouraging!”

In Q4FY24 Thomas Cook saw the addition of 17 new partnerships signed in UAE, Saudi Arabia, Singapore, India, Malaysia, Indonesia and Maldives. In India, the travel services provider expanded its leisure travel business and opened franchise outlets in Varanasi, Mumbai (Panvel and Goregaon) and Jaipur and a new foreign exchange outlet opened in Bhuj, Gujarat.