Mumbai, July 27 (IBNS): Thomas Cook (India) Limited, a leading integrated travel and travel related financial services company, declared its second quarter results on Friday, where its Consolidated Revenue stood at Rs. 1335 mn registering a 27% growth.
Highlights for the Quarter:
• Revenue increased to Rs. 1,335 million from Rs.1,048 million, an increase of 27% compared to Q2 2011of last year.
• Outbound travel revenue grew by 44%
• Foreign Exchange volumes in India for the quarter increased by 28%
• Operating PBT - Rs. 468 million against Rs. 326 million
• Operating PAT - Rs.310 million against Rs. 215 million
Thomas Cook (India) Ltd. posted an increase in revenue of 27% in Q2 on a consolidated basis.
Despite increased costs due to higher airfares, fuel surcharges-taxes, compounded by the depreciation of the Rupee resulting in a negative consumer sentiment, and the sale process, Outbound Sales has grown by an impressive 35%.
Both MICE and Outbound Holidays have been key contributors, with an increase of 50% and 30% respectively over Q2 of the previous financial year.
Passenger numbers for the outbound group segment have shown a strong growth of 39%.
Transactions for the Foreign Exchange vertical have increased by 5% over the previous year.
Madhavan Menon, Managing Director, Thomas Cook (India) Ltd, said: “Despite increases and surcharges in air fare pricing and the negative impact to the Rupee due volatility in global currency markets, Thomas Cook (India) Ltd. has delivered strong results with PBT of Rs. 468 mn. in Q2 2012.
"Both our key businesses of Leisure Outbound and MICE have performed exceptionally well with an overall Outbound Travel revenue growth of 44%.”