ALSO READThomas Cook India Group swings to profit Thomas Cook Q4 loss narrows to Rs 16 crore Thomas Cook India arm acquires 64% stake in Comtel Solutions Thomas Cook rises after subsidiary subscribes stake in JV Thomas Cook (India) reports consolidated net loss of Rs 6.29 crore in the March 2017 quarter
Travel services provider Thomas Cook India today reported a 10.04 per cent rise in consolidated net profit to Rs 68.24 crore for the first quarter ended June 30, 2017. The company had posted a net profit of Rs 62.01 crore for the corresponding period of previous fiscal, Thomas Cook India said in a BSE filing. Consolidated total income from operations also rose to Rs 2,784.13 crore for the quarter under consideration as against Rs 2,505.16 crore for the same period year ago. Commenting on the results, Thomas Cook (India) Chairman and MD Madhavan Menon said: "Despite continued geo-political challenges in key destination markets, we have seen significant growth across our leisure segments". The company's shared services platform too is delivering well with overall increased efficiencies and productivity gains becoming visible, he added. "We had begun preparations for the landmark GST roll out a year ago, and hence our transition was relatively smooth", Menon said. Shares of Thomas Cook India Ltd closed 0.38 per cent down at Rs 222.35 on BSE.