Thomas Cook India PAT for 2013 grows by 36% to Rs 68.7 crore

Leading integrated tour and travel related financial services company Thomas Cook today posted a 36 per cent growth in profit after tax of over at Rs 68.7 crore compared to 2012.
The company's PAT stood at Rs 50.4 crore in 2012, Thomas Cook said in a release.
Income from operations surged by 201 per cent to Rs 1,296 crore in in 2013, compared to Rs 430 crore in 2012.
"Last year was challenging for the entire industry, and that makes the impressive results via our core businesses even more significant," Thomas Cook (India) Managing Director Madhavan Menon said.
With forward booking for Summer 2014, already up by over 15 per cent over last year (and this is only the start of the booking season), the impactful returns via our Ikya acquisition last year, the company just announced merger with Sterling Holidays with the strong synergies that the partnership offers, he said.

"We are confident that 2014 will be another rewarding year for the Thomas Cook India Group," he added.

Thomas Cook India's core outbound business registered a revenue growth of 21 per cent with an 81 per cent improvement in free cash flows in 2013, over 2012.
Despite high volatility of the Rupee in the global currency market, the company's Foreign Exchange business posted a 16 per cent growth in Earnings Before Tax.
The company's expanded E-Biz platform delivered well with a 63 per cent revenue growth over 2012.