Thomas Cook Q2 net up 44.50% at Rs 31 cr

Thomas Cook India today reported a 44.50% rise in its consolidated net profit at Rs 31.01 crore for the quarter ended June 30, 2012, mainly on account of robust performance of its domestic operations.

The company had posted a net profit of Rs 21.46 crore for the corresponding period of previous fiscal, Thomas Cook India (TCIL) said in a filing to BSE.

Consolidated total income of the company rose to Rs 133.46 crore for the quarter under consideration from Rs 104.81 crore for the same period, a  year ago.

Earlier in May, Fairfax Financial Holdings Ltd had announced that through its Fairbridge Capital subsidiary, it has entered into a pact with Thomas Cook Group plc to purchase its 77% interest in TCIL at a purchase price of Rs 50 per share for a total cost of Rs 817.4 crore.

Competition Commission of India  has also approved the proposed acquisition of Thomas Cook India (TCIL) by Fairbridge Capital Mauritius (FCML). Shares of Thomas Cook India today closed at Rs 60.25 per scrip on BSE, down 2.67% from its previous close.