Travel services firm Thomas Cook India registered a consolidated net profit of Rs 13.08 crore for Q4 ended March 31. The company had posted a net profit of Rs 5,939.18 crore for the corresponding period of the previous fiscal, Thomas Cook India Ltd (TCIL) said in a press statement. TCIL's consolidated FY18 and FY19 results are not comparable as the former includes 11 months of Quess results, the company said. The revenue from operations from the Travel Businesses increased by 19 per cent in FY19;
“The strong all round performance of the Thomas Cook India Group for FY19 demonstrates the width and diversification of the Group, not only across geographies, but business segments. This is the result of a journey we embarked on since 2012, when Thomas Cook India’s ownership transferred entirely from the British parent to Fairfax Financial Holdings. Today the TC India Group operates across 29 countries and 5 continents, straddling across travel services, financial services, DMS and portfolio investments like Ithaka and more recently Digiphoto Entertainment Imaging (DEI). We will remain focused on 1) Continued investments in technology & analytics to deliver top notch customer experience and 2) Driving economies of scale and efficiency from shared services and backend integration with a view to grow stakeholder value. On the back of the strong mandate for continuity given to the Govt. in this Indian election, we are confident that the pro travel & tourism focus will continue and nurture a growth stimulating macro environment,” Madhavan Menon, CMD, Thomas Cook India Group, said.
TCIL opened a total of 66 new outlets in FY 2018-19: 10 owned branches and 31 franchise outlets for its holiday businesses; 14 foreign exchange branches and 3 implants, also 8 Foreign Exchange airport counters at Varanasi, Madurai, Guwahati and Jaipur. This network expansion extends the company’s visibility across both metros/mini metros like Mumbai, Delhi, Bangalore, Hyderabad, Chennai and Kolkata; equally across Regional India’s Tier II & III source markets like Bareilly, Jodhpur, Jaipur, Lucknow, Nashik, Sri Ganganagar, Faridabad, Shimla, Guntur, Shivmoga, Cuttack and Ranchi.