Q4 2024 Thomas Cook (India) Ltd Earnings Call Transcript
Key Points
- Thomas Cook India Ltd (BOM:500413) reported its fourth successive quarter of profits in the post-pandemic era.
- Income from operations grew 28% year-on-year for Q4 and 45% year-on-year for the full fiscal year.
- Profit before tax increased significantly from a loss of INR62 million to a profit of INR607 million for the quarter.
- The foreign exchange business saw a 23% year-on-year growth in income from operations, with EBIT margins improving from 29% to 41%.
- Sterling Holiday Resorts Ltd, a subsidiary, reported a 39% growth in revenues for Q4 and a 67% increase in EBITDA.
- Volumes in some geographies, particularly Hong Kong and Southeast Asia, have been slower to recover.
- Despite profitability, transaction volumes are still catching up to pre-pandemic levels.
- The impact of higher input costs remains a challenge, although it has been managed to some extent.
- The company faces competition from smaller travel agents, especially in popular MICE destinations like Thailand and Malaysia.
- The foreign exchange business experienced a slight drop in wholesale volumes due to the upcoming elections.
Ladies and gentlemen, good day, and welcome to the Q4 FY24 conference call of Thomas Cook (India) Limited, hosted by IIFL Securities Limited. (Operator Instructions)
Please note that this conference is being recorded. I now hand the conference over to Mr. Viral Shah from IIFL Securities. Thank you, and over to you, Mr. Shah.
Yes, thank you, Michelle. Good morning, everyone. Welcome to the Thomas Cook (India) Limited fourth-quarter and FY24 Earnings Conference Call. Today, we have with us Mr. Madhavan Menon, Executive Chairman of Thomas Cook (India) Limited, and senior management team. Without much ado, I invite Mr. Madhavan to begin the call with his opening remarks, post which, we will take the Q&A session. Thank you, and over to you, sir.
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Thank you, Michelle. Thank you, Viral. Good morning, ladies and gentlemen. Thank you for joining the conference call
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