Q1 2025 Thomas Cook (India) Ltd Earnings Call Transcript
Key Points
- Consolidated profit before tax grew by 17% year-on-year, reaching INR107 crores.
- Total income from operations increased by 11% at a consolidated level.
- Travel services and foreign exchange segments experienced a 20% growth in profit before tax.
- Sterling Holiday Resorts added five new resorts in the first half of the year and plans to open another eight to ten resorts.
- SOTC celebrated its 75th year with record profits in the quarter.
- Sterling Holiday Resorts is in an investment and expansion mode, which may impact short-term profitability.
- The exit from Bangalore Airport operations and lower Hajj volumes led to flat revenue growth in the foreign exchange segment.
- Weather conditions and geopolitical issues affected performance in some markets, such as the Middle East and Africa.
- Provision for doubtful debt of $0.5 million due to the bankruptcy of a large European travel unit impacted results.
- Long-haul travel recovery remains tepid, with growth in the early teens compared to higher growth in short-haul and domestic segments.
Ladies and gentlemen, good day, and welcome to Thomas Cook (India) Limited Q1 FY25 earnings conference call hosted by IIFL Securities Limited. (Operator Instructions) Please note that this conference is being recorded.
I now hand conference over to Mr. Ranjit Cirumalla from IIFL Securities Limited. Thank you, and over to you, sir.
Thank you, Steve. Good morning, everyone, and thank you for joining us on Thomas Cook (India) Limited Q1 FY25 earnings conference call. From the company, we have with us Mr. Madhavan Menon, Executive Chairman and senior management team. We would like to begin the call with the brief opening remarks from the management, following which we will have the forum open for an interactive Q&A session.
I would now like to invite Mr. Madhavan Menon to make the initial remarks. Thank you, and over to you, sir.
- ()
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
