Page 2 - Thomas Cook (india)

Thomas Cook, NPCI launch RuPay prepaid forex card for travellers to UAE

The Reserve Bank of India had in June allowed the banks to issue Rupay forex cards

Thomas Cook India Q1 results: Consolidated net profit up 27% to Rs 147 cr

The company reported Rs 91.4 crore in consolidated operating profits this quarter as against Rs 3.3 crore in Q1FY23

Thomas Cook India reports Rs 71 cr profit in Q1, revenue at Rs 1,932 cr

Omni-channel travel services firm Thomas Cook India on Thursday reported a consolidated net profit of Rs 70.9 crore in the June quarter. The firm had reported a loss of Rs 6.9 crore in the year-ago period. The company's total income from operations grew to Rs 1,931.8 crore during the first quarter of the current fiscal from Rs 989.8 crore in the year-ago period, a regulatory filing to the BSE showed. However, its total expenses also rose to Rs 1,831 crore for the quarter under review from Rs 990 crore in the corresponding period last year. Thomas Cook (India) Ltd (TCIL) Executive Chairman Madhavan Menon said, "On the back of a commendable performance in FY23, the first quarter of FY24 has seen yet another very strong performance by the TCIL Group with operating EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortisation) at Rs 1,474 million (Rs 147.4 crore) versus Rs 555 million (Rs 55.5 crore) for Q1 FY23." The robust performance for the April-June period -- a ...

Thomas Cook India rejigs top management, appoints Mahesh Iyer as MD & CEO

Travel services provider Thomas Cook (India) Ltd on Wednesday announced top-level rejig with Madhavan Menon designated as Executive Chairman while Mahesh Iyer has been elevated as Managing Director and Chief Executive Officer. The company's board of directors in its meeting on Wednesday approved the re-designation and appointment of Menon as Executive Chairman in the category of Whole-Time Director from his earlier designation as Chairman and Managing Director, Thomas Cook (India) said in a regulatory filing. His appointment will be for a fresh term of five years commencing from July 5, 2023, to July 4, 2028, not liable to retire by rotation, it added. Further, the board approved Menon's continuation as Executive Chairman on attaining the age of 70 years on February 12, 2025, during his tenure, it added. The company said its board also approved the re-designation of Iyer as MD and CEO from his earlier designation as Executive Director and CEO. Iyer's re-designation as Managing ...

Sterling Holidays to add new hotel each month to cash in on tourism growth

Sterling Holidays Resorts Ltd, a part of Thomas Cook India group, plans to add a new hotel every month in the second half of this year to cash in on the robust growth witnessed in domestic tourism, according to a top group official. The company expects the number of properties to increase to 55 during the course of next year, Thomas Cook (India) Chairman and Managing Director Madhavan Menon told PTI. As on April 30, 2023 Sterling has 2,447 rooms across 40 resorts, out of which 15 company-owned resorts, 10 leased and 15 management contracts. It plans to add 188 rooms across six resorts in the first half of the current financial year. "Sterling Holidays Resorts, which is becoming a hospitality business from what was originally conceived as a timeshare, is going to add a new hotel every month in the second half of this year," he said. Menon further said, "We are going to see nearly a 50 per cent increase in the number of rooms we will offer at Sterling over the next one and a half ...

Thomas Cook India's Q4 total income rises 150% to Rs 1,300 crore

The Group's operating Ebitda grew significantly to Rs 270 crore for the full financial year 2022-23 (FY23) against a loss of Rs 120 crore in FY22

Thomas Cook India's arm, Kanoo Travel to form joint venture in Saudi Arabia

Desert Adventures Tourism, a wholly-owned subsidiary of Thomas Cook India, and GCC-based travel conglomerate Kanoo Travel have signed an agreement to establish a joint venture in Saudi Arabia. The collaboration will bring together two travel trade organisations in the Middle East, aiming to create the most comprehensive destination services company in the region, according to a statement on Wednesday. "The synergies will ensure a portfolio of extensive and exceptional destination services in Saudi Arabia," Thomas Cook (India) Chairman and Managing Director Madhavan Menon said. Desert Adventures is a destination management company headquartered in the UAE, operating in the Gulf Cooperation Council (GCC) countries and Jordan. "Our partnership with Desert Adventures Tourism brings together our collective expertise, industry knowledge, and innovative approach to deliver exceptional solutions and services," Yusuf Bin Ahmed (YBA) Kanoo Company, Saudi Arabia, deputy chairman and YBA Kanoo

Thomas Cook India, SOTC Travel, LTIMindtree together launch 'Green Carpet'

Omnichannel travel services firm Thomas Cook India and its group company SOTC Travel on Tuesday partnered with LTIMindtree to launch 'Green Carpet', a global platform that will help companies to monitor and manage their business travel emissions. Markets regulator Sebi has mandated the top 1,000 listed companies in India by market capitalisations to make filings as per the Business Responsibility and Sustainability Reporting (BRSR) from 2023-24. A SaaS-based platform, "Green Carpet" is designed to address specific concerns faced by organisations, helping them capture, monitor, analyse and reduce their carbon emissions from business travel. It offers real-time insights related to Scope 3 emissions and helps organisations to significantly reduce their ESG reporting costs. "The Sebi (Securities and Exchange Board of India) BRSR mandate extends to the top 1,000 listed companies by market cap - starting from FY24. So this is an immediate need for these enterprises. "Of these 1,000 list

Local travel cos' bookings will plunge with TCS rate hike: Thomas Cook head

In a Q&A, group chairman Madhavan Menon says he sees business moving to overseas companies, which in itself will impact the tax collection opportunity for the govt

Thomas Cook India Q1 consolidated net loss narrows to Rs 93.83 cr

Travel services firm Thomas Cook (India) Ltd on Wednesday reported narrowing of its consolidated net loss to Rs 93.83 crore for the quarter ended June 30, 2021.

Thomas Cook inks pact to promote Turkiye in India as tourist destination

Travel services company Thomas Cook India on Friday said it has signed an agreement with group firm SOTC and Turkiye Tourism for promoting the West Asian country as a tourist destination in India

Stocks to Watch: RIL, ITC, TCS, Titan, Cadila, Emami, Lupin, EIH, Tyre

BoI, Devyani Intl, Eveready, FSL, Mahindra Life, Paytm, REC, Siemens, Sintex, SPARC, Tata Steel, Thermax and Vijaya Diagnostics are some of the prominent companies to announce results today.

Thomas Cook (India) Q3 consolidated net loss narrows to Rs 25 crore

Travel services provider Thomas Cook (India) Ltd on Thursday reported narrowing of its consolidated net loss at Rs 24.59 crore for the third quarter ended December 2021. The company had posted a consolidated net loss of Rs 66.24 crore in the same quarter last fiscal, Thomas Cook (India) said in a regulatory filing. Consolidated total income from operations stood at Rs 750.25 crore, as compared to Rs 271.42 crore in the year-ago quarter. Total expenses jumped to Rs 786.69 crore from Rs 360.75 crore earlier. The lockdowns and restrictions imposed from time to time on various activities due to the COVID-19 pandemic have posed challenges to all the businesses of the company and its subsidiaries and associates, Thomas Cook (India) said. While initial restrictions such as cessation of air traffic and other forms of public transport and closure of hotel operations have been relaxed over the past few quarters, the second and third waves of the pandemic have been a serious hindrance to ...

Indian Hotels, IRCTC: Are travel related stocks a risky bet or a smart buy?

Any positive development in the travel industry may boost related stocks.

Airfares rise 30-100% against pre-pandemic levels: Thomas Cook

The domestic air passenger traffic increased around 67 per cent year-on-year in October

Thomas Cook India net loss narrows to Rs 85.17 crore in Sept quarter

The travel services firm on Friday reported narrowing of its consolidated net loss

Chennai travel market on recovery track; 70% people keen to travel: Report

In addition to its holiday business, Thomas Cook India has observed increased uptick from the wedding and honeymoon segment

Ahead of Diwali, domestic airfares soar 30%-45% on high-frequency routes

Increased occupancy coupled with upward revision in fare bands by the government has translated into higher fares during the festive season

Travel firm Thomas Cook India fourth quarter loss widens to Rs 20 crore

Travel services provider Thomas Cook India has reported widening of consolidated net loss to Rs 20.23 crore for March quarter 2020-21, impacted by the pandemic. The company posted a net loss of Rs 13.90 crore for the year-ago period, Thomas Cook said in a late night regulatory filing on Thursday. Total income from operations stood at Rs 401.64 crore in the quarter under review. It was Rs 1,109.02 crore in the same period a year ago. For 2020-21, the company posted a net loss of Rs 295.19 crore as against a loss of Rs 17.65 crore in the previous year, Thomas Cook India Ltd (TCIL) said. Total income from operations stood at Rs 945.74 crore in the year. It was Rs 6,948.30 crore in 2019-20, it added. "We are already seeing positive signs with the tapering of infection rates globally and travel reopening in select countries, albeit in an understandably careful and calibrated manner," TCIL Chairman & MD Madhavan Menon said. This augurs well for the revival of the sector, with ...

Thomas Cook India reduces loss to Rs 68 crore in the March quarter

Integrated travel services company Thomas Cook India limited its loss at a consolidated level to Rs 68 crore in Q4 FY21, compared with Rs 89 crore in the previous quarter