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Thomas Cook India Q4FY21 consolidated loss at Rs. 10.33 Cr

Thomas Cook India has reported total income of Rs.401.64 crores during the period ended March 31, 2021 as compared to Rs.271.41 crores during the period ended December 31, 2020. The company reported total income of Rs.1109.02 crores during the period ended March 31, 2020.

The company has posted net loss of Rs. (10.33) crores for the period ended March 31, 2021 as against net loss of Rs. (59.34) crores for the period ended December 31, 2020. The company posted net profit of Rs.2.99 crores for the period ended March 31, 2020.

During the 12 months period ended March 31, 2021, the company has reported total income of Rs.945.74 crores as compared to Rs.6948.30 crores during the 12 months period ended March 31, 2020.

The company has posted net loss of Rs. (254.11) crores for the 12 months period ended March 31, 2021 as against net loss of Rs. (0.69) crores for the 12 months period ended March 31, 2020.

Madhavan Menon, Chairman & Managing Director, Thomas Cook (India) Limited said, "We are already seeing positive signs with the tapering of infection rates globally and travel reopening in select countries, albeit in an understandably careful and calibrated manner. Announcements of safe travel corridors, traffic light models, digital health passports and exemptions for vaccinated travellers are serving to build consumer confidence in travel.

“This augur well for the revival of the sector, with indications of international restart for India possibly around Q3 of FY22.

“Fresh funding of Rs. 4,357 Mn from our parent Fairbridge Capital through preferential allotment of OCCRPS will help TCIL strengthen its balance sheet and leverage opportunities when travel demand returns.

“Vaccination is critical in our journey to recovery. Our companies in India have commenced a vaccination program to cover our people and their families and are aiming at 100% vaccination on a priority basis."

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