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Thomas Cook (India) Ltd declares Q4 Results
Consolidated Revenue `873 mn (31% growth); Profit before Interest and Exceptional
Items rises to ` 96.2 mn; Net profit for the quarter soars to `50.4mn
Mumbai, February 16, 2012: Thomas Cook (India) Limited declared its fourth quarter results today.
Highlights for the Quarter:
- PAT more than doubled to Rs.50.4 million from Rs.15.1 million
- PBT grew exponentially to Rs. 40.4 million from Rs. 2.6 million
- Revenue increased to Rs. 873 million from Rs.667 million, an increase of 31% compared to Q3
- Foreign Exchange volumes in India for the quarter increased by 23%
- Outbound travel revenue grew by 52%
Thomas Cook (India) Ltd. posted an increase in revenue of 31% in Q4, with a corresponding increase of 20% for the financial year ended December 2011. The Outbound Leisure and MICE businesses have been key contributors, with an impressive revenue growth of 52% for Q4 and 53% over the previous financial year. Passenger numbers for the outbound group segment have shown a record increase of 66% for the year. Transactions for the Foreign Exchange vertical have increased by 17% over the previous year.
Improved margins and aggressive expansion, via a combination of owned shops and franchisee partners, primarily in the Tier II and III markets, has played a significant role. Innovation in the Leisure product-service portfolio covering a range of price points, has given further impetus to the outbound growth. Despite volatility in the global currency markets, the Foreign Exchange business has registered growth of 23% for the quarter.
Commenting on the results, Mr. Madhavan Menon, Managing Director, Thomas Cook (India) Ltd said, “Despite the challenging environment, Thomas Cook (India) Ltd. has delivered impressive results with robust revenue growth of 20% and net profit growth of 19% for the financial year. Both our key businesses of Leisure Outbound and Foreign Exchange have performed exceptionally well and we continue to see strong growth in our forward bookings for the upcoming holiday season.”
About Thomas Cook (India) Limited:
Thomas Cook is the largest integrated travel and travel related financial services company in the country offering a broad spectrum of services that include Foreign Exchange, Corporate Travel, MICE, Leisure Travel, Insurance, Visa & Passport services and E-Business. The Company set up its first office in India in 1881, and has been providing world-class travel service for 131 years.
TCIL’s footprint currently extends to over 215 locations (including 25 airport counters) in 78 cities across India, Mauritius & Sri Lanka and is supported by a strong partner network of 110 Gold Circle Partners and 184 Preferred Sales Agents in over 100 cities pan India.
Thomas Cook has been honoured with the prestigious “Favourite Specialist Tour Operator" award at the Condé Nast Traveller Readers' Travel Awards 2011 and was also conferred with the CNBC AWAAZ - “ Best company providing foreign exchange” in India for the third year in a row. In addition, Thomas Cook (India) Ltd has been awarded the ‘Most Trusted Tour Operator Brand’ by the Times Travel Honours 2011 and also recognized as a “Superbrand” 2011-2012 by consumers for excellence in travel services.
Recently, CRISIL has reaffirmed Thomas Cook (India) Limited with the ‘CRISIL A1+ and AA- rating. The Brand Trust Report™, India study 2012, has ranked Thomas Cook (India) Ltd as The most Trusted Brand in Services.
For more information, please visit www.thomascook.in
About Thomas Cook Group plc:
Thomas Cook Group plc is one of the world's leading travel groups with FY 2010 sales of £8.9 billion and 22.5 million customers. The Group operates under six geographical segments in 21 countries, and is number one or two in all its core markets. Its business is supported by 31,000 employees, a fleet of 94 aircraft and a network of over 3,500 retail outlets. For further details please visit www.thomascookgroup.com
For Media Enquiries please contact:
Thomas Cook (India) Limited
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