Thomas Cook India Q1 Results Review - Miss On Revenue But Margins Remain Strong: Systematix

Systematix Research Report

Thomas Cook India Ltd. result was below our expectation. Company reported revenue/ Ebitda/ adjusted profit after tax growth of 10.9%/ 9.8%/ 3.3% YoY respectively. The impact on business in Q1 FY25 was on account of delayed travel plans due to general elections and heatwaves across the country. Growth was impacted due to 7.1% decline in Digiphoto imaging services and 0.9% fall in financial services revenue.

The travel and related services segment reported 14.5% growth while the Leisure hospitality business reported steady growth of 9% thus continuing the topline growth trajectory. Ebitda margin remained flat at 6.5%. Adjusted PAT grew 3.3% to Rs 753 million impacted on account of higher tax liability during the quarter.

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