Thomas Cook shares fell over 12 percent on February 4, a day after the company announced its Q3 FY25 earnings results. The company reported a massive drop of nearly 40 per cent in its Q3 net profit after market close on February 3.
Shares of Thomas Cook (India) Ltd are trading at Rs 143.95 at 11.24 am. This represents a decline of 12.01 percent from the stock’s previous close price.
Thomas Cook’s consolidated results for the quarter ended December 2024 saw a rise in sales, growing 8.87 percent to Rs 2,061.01 crore as compared to Rs 1,893.13 crore in the corresponding quarter of the previous year (December 2023).
Despite the rise in sales, the company experienced a significant drop in net profit, which declined 39.82 per cent to Rs 49.58 crore in the quarter ended December 2024 from Rs 82.39 crore in the same quarter last year.
Hence, higher sales did not translate into proportionate profitability, possibly due to increased costs or lower margins. In another exchange filing, the company informed that Thomas Cook India chairperson Madhavan Menon has been re-designated as the non-executive chairman of the travel company’s board.
In its filing to the BSE on Monday, the travel company said he will transition from his current role with effect from June 1. Menon was re-appointed as the company’s executive chairman for another term of five years in July 2023.
