Unaudited Financial Results for the Quarter Ended 31st March, 2007
(Rupees in Lakhs)
1 2 3 4 5 6
Quarter ended 31st March, 2007
(Unaudited)
Quarter ended 31st Jan, 2006 (Unaudited) Consolidated for Quarter ended 31st March, 2007 (Unaudited) Consolidated for Quarter ended 31st Jan, 2006 (Unaudited) Fourteen months ended 31st Dec, 2006 (Audited) Consolidated for Fourteen months ended 31st Dec, 2006 (Audited)
1 Income from Operations 4,691.2 3,170.1 5,977.1 3,404.7 19,619.9 20,909.4
2 Other Income 135.5 66.2 761.1 138.3 2,113.6 2,041.1
3 Total Expenditure
a) Staff Cost 1,405.9 878.1 2,063.2 956.7 6,186.5 6,668.8
b) Advertising cost 559.3 195.5 630.4 241.0 1,372.9 1,579.3
c) Other expenditure 1,737.2 914.5 2,222.2 983.9 6,465.9 7,120.9
4 Interest 560.2 56.9 605.3 57.9 572.7 577.8
5 Depreciation 182.0 173.2 66.4 181.8 1,101.1 1154.3
6 Profit before taxation and exceptional items 382.1 1,018.1 1,150.7 1,121.7 6,034.4 5,849.4
7 Provision for taxation (net) 275.5 370.0 473.1 391.2 1,864.1 1,998.9
8 Deferred Tax ( net) (164.9) (30.9) (99.3) (30.9) (1.5) (80.5)
9 Fringe Benefit Tax 31.6 24.9 42.0 26.4 140.5 152.7
10 Net Profit after Tax and before exceptional items
239.9 654.1 734.9 735.0 4,031.3 3,778.3
11Exceptional item, net of tax 
- 183.8 -183.8 183.5183.5
12 Net Profit 239.9470.3734.9551.2 3,847.83,594.8
13Paid-up Equity Share Capital Face Value of Rs. 10 per Share
1,607.8 1458.3 1,607.8 1,458.3 1,458.3 1,458.3
14 Reserves excluding Revaluation Reserve
- - - - 3,695.8 3,793.9
15 Dividend per Share (Rupees)
- - - - 5.0 -
16 Basic EPS before Exceptional item
1.5 4.5 4.6 5.0 27.6 25.9
Basic EPS after Exceptional item
1.5 3.2 4.6 3.8 26.4 24.7
Diluted EPS before Exceptional item
1.4 4.5 4.4 5.0 24.2 22.7
Diluted EPS after Exceptional item
1.4 3.2 4.4 3.8 23.1 21.6
17 Aggregate of Non-promoter Shareholding
- Number of Shares
6,144,772 5,833,333 6,144,772 5,833,333 4,649,872 4,649,872
-Percentage of share holding
38% 40% 38% 40% 32% 32%
Notes:
  1. Previous year's figures have been regrouped where necessary.
  2. The relevant Accounting Standards have been complied with.
  3. The results for the quarter ended 31st March 2007 have been subjected to a limited review by the statutory auditors in compliance with Clause 41 of the listing agreement with the Stock Exchanges.
  4. The above results were reviewed by the Audit Committee at its meeting held on 25th April 2007 and approved at the meeting of the Board of Directors held on that date.
  5. The results for the quarter are not comparable with the previous quarter due to
    a) the amalgamation of LKP Forex Ltd with the Company, effective 1st April 2006,
    b) Inclusion of results of Travel Corporation of India Limited, which was acquired last year and exclusion of results of Hindustan Cargo Limited, which was sold off in the last year.
    c) Change in Accounting year end from October to December. Accordingly the previous year figures given in these results pertain to the first quarter end of last year which is from 1st November 2005 to 31st January 2006.
  6. During the quarter, one of the subsidiaries, Travel Corporation of India Limited has changed its accounting policy for depreciation on fixed assets to align it with the group policy. Due to this the consolidated profit for the quarter is higher by Rs. 182.6 Lakhs.
  7. During the quarter, the Company has changed its policy for accounting of forward contracts entered in to hedge the foreign currency risks of Highly Probable Forecast transactions. As a result the profit for the quarter is higher by Rs. 55.88 lakhs
  8. As on 1st January 2007 no investor complaints were pending. During the quarter ended 31st March 2007 ,19 investor complaints were received, which were duly resolved.
Place: Mumbai                        For  Thomas Cook (India) Limited
Date : 25th April 2007                                    Madhavan  Menon
Managing  Director

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