Thomas Cook India Q3 net profit at Rs 22.18 crore

Travel firm Thomas Cook (India) today reported a consolidated net profit of Rs 22.18 crore for the third quarter ended on September 30, 2014

The integrated travel and travel related financial services company had posted a consolidated net profit of Rs 15.18 crore during the July-September quarter last fiscal.

Thomas Cook's financial year is from January to December.

Total consolidated revenue of the company was at Rs 612.47 crore during the quarter under review. It was Rs 436.71 crore in the same period of last fiscal.

"While the Third Quarter is a low season across the Travel & Tourism Industry, our core businesses of travel and foreign exchange, as also Ikya Human Capital Solutions, have delivered well...," said Thomas Cook (India) Managing Director Madhavan Menon.

Commenting on the outlook of the company in the coming quarter, he said:" The upcoming Q4 is a key period and with our forward bookings looking strong, we look forward to closing the year on a positive note for the Thomas Cook India Group."

The consolidated unaudited results for the quarter and nine months ended September 30, 2014 include the consolidated unaudited results of IKYA for the quarter and the nine months ended September 30, 2014 and Sterling for the period beginning from September 3, 2014 and consequently the same are not comparable with consolidated unaudited results for the quarter and the nine months ended September 30, 2013, Thomas Cook India said.

Shares of Thomas Cook were trading at Rs 165 per scrip during the afternoon trade at BSE, up 0.70 per cent from its previous close.