Thomas Cook (India) reported a stellar quarter with the travel services business showing a good growth. In an interview to CNBC-TV18, Madhavan Menon, CMD of the company discussed the Q3 performance.
Thomas Cook (India) posted a decent set of earnings keeping the business environment in mind. In an interview to CNBC-TV18, Madhavan Menon, Chairman and MD, Thomas Cook spoke about the results and his outlook for the company.
In an interview to CNBC-TV18, Madhavan Menon, Chairman & MD of Thomas Cook (India) spoke about the results and how next few quarters could look like.
Speaking to CNBC-TV18, Madhavan Menon, MD, Thomas Cook said the company was affected by demonetisation for a short period and bookings for 2017 summer season is back to normal.
With the various acquisitions that they have done, the company is the single largest operator in the holiday space now, said Mahesh Iyer, COO, Thomas Cook.
The subsidiaries of the company have performed well with Quess growing almost 83 percent.
Other subsidiaries of Thomas Cook have generated a sizeable growth on the PBT front despite the last quarter being a lean quarter for the tour and travel business, says Madhavan Menon, MD, Thomas Cook.
"Thomas Cook India's outbound business recorded strong growth with an increase of 15% over Q2 of the previous financial year. Our focus on domestic vertical has also delivered a sales growth of 10 percent over Q2 of 2012," said Mr. Madhavan Menon, managing director at Thomas Cook (India) on its quarterly results
The company reported a consolidated net profit of Rs 32.49 crore for the quarter ended June 30, 2013.