Thomas Cook (India) Ltd has seen an upward growth for the third quarter ending December 2013.
The tour operator saw surge in Income from Operations of 201% (INR4.3 billion to INR12.96 billion), profit before tax of over 33% (INR770 million to INR 1.02 billion) and profit after tax of over 36% (INR504million to INR687 million) as compared to the same quarter in 2012.
Commenting on the results, Madhavan Menon, managing director of Thomas Cook (India) Ltd said, “2013 was a challenging year for the entire industry, and that makes the impressive results via our core businesses, with a 201% growth in Income from Operations – even more significant. Our single minded focus as an enterprise on ‘free cash’ delivered via our Cash Management Project has delivered handsomely with a 56% growth in free cash over the FY.”
“With forward booking for Summer 2014 already up by over 15% over last year (and this is only the start of our booking season), the impactful returns via our lkya acquisition last year, our just announced merger with Sterling Holidays with the strong synergies that the partnership offers – we are confident that 2014 will be rewarding year for the Thomas Cook India Group,” added Menon.