Thomas Cook India surges on strong Q2 earnings

Q2 consolidated net profit grew 45% at Rs 31 crore on year-on-year basis.

Thomas Cook India has surged 5% to Rs 63.40 on reporting 45% year-on-year (yoy) growth in consolidated net profit at Rs 31 crore for the quarter ended June 30, 2012, mainly on account of robust performance of its domestic operations.

“Consolidated total revenues grew 27% to Rs 134 crore on y-o-y basis. Operating profit before tax grew 42% to Rs 47 crore, while foreign exchange volumes in India for the quarter increased by 28% on y-o-y basis,” Thomas Cook India said in a filing.

A combined around 4,500 shares have changed hands on the counter in opening deals on both the exchanges.