Thomas Cook India posted a net profit of Rs 12.15 crore for the quarter ended September 30, 2012, down 50 per cent from Rs 24.51 crore in the corresponding period last year.

 

The travel firm reported 60 per cent decline in consolidated net profit for the quarter ended September 30, 2012 at Rs 10.06 crore compared with Rs 25.04 crore in the same period last year.

 

Commenting on the results, Madhavan Menon, Managing Director, Thomas Cook (India) Ltd said, “The third quarter traditionally coincides with the off season for travel and despite the dramatic price increases in international air fares and a highly volatile rupee, the company has delivered strong results with gross turnover grew by 10 per cent and underlying EBIT was up by 9 per cent. Both our key businesses of leisure outbound and MICE (Meetings, incentives, conferences, and exhibitions) have performed exceptionally well with an overall outbound travel passenger growth of 20 per cent on a YoY basis.”

 

MICE group saw 39 per cent increase in passengers. The domestic vertical of the company has also shown a corresponding year-to-date (starting from the beginning of the year to the present day) passenger growth of 18 per cent.

 

Its Foreign Exchange unit added 26 new outlets to their pan India Forex network, in addition to the launch of two new airport counters at IGIA, New Delhi.

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