Thomas Cook (India) Limited delivers Record Operating Profits for FY23 driven by robust recovery across business segments.
The highlight for FY23 is that the Group’s operating EBITDA grew significantly to Rs. 2.7 Bn for FY23 against a loss of Rs. 1.2 Bn in FY22. Highest operating EBITDA & operating PBT for Thomas Cook in a decade, operating EBITDA at Rs. 1.2 Bn for FY23; operating PBT at Rs. 560 Mn Vs a loss of Rs. 1.14 Bn in FY22. Sterling Holidays registered the highest EBITDA & PBT since inception: EBITDA at Rs 1.1 Bn for FY23; PBT at Rs. 659 Mn Vs Rs. 436 Mn in FY22. Consolidated total income from operations grew YoY by 163% in FY23 to Rs. 51 Bn.
Madhavan Menon, Chairman and Managing Director, Thomas Cook (India) Limited said, “I am delighted to share the strong results for FY23 for the Group, with a record Operating EBITDA at Rs. 2.7 Bn Vs a loss of Rs. 1.2 Bn in FY22. Total Income from Operations also grew annually by 163% in FY23 to Rs 51 Bn. This commendable performance was led by Thomas Cook India – registering its highest Operating EBITDA & Operating PBT in a decade & Sterling Holidays – recording its highest EBITDA & PBT since the company’s inception.”
“Our focus through the year has been on driving trading volumes, margin expansion, improved productivity via digital solutions and effective cost optimization measures to achieve this. Given the strong forward booking funnels, across business segments & geographies, we are confident of a strong performance in the coming quarters as well.”
Thomas Cook (India) Limited Posts Record Operating Profits for FY23
