Thomas Cook (India) Ltd. reported a significant decline in financial performance for the first quarter of fiscal 2027, with consolidated net profit falling 20.71% to ₹88.25 crore compared to ₹111.29 crore in the same quarter last year, according to latest reports. The travel services company's revenue from operations decreased 13.12% to ₹2,091.89 crore, down from ₹2,407.96 crore in the corresponding quarter of the preceding financial year. As reported by CNBC TV18, this performance represents a substantial deterioration from the company's previous quarterly results.
The company's financial services segment showed resilience with profit before tax and finance costs increasing to ₹40.41 crore from ₹37.35 crore in the year-ago quarter, demonstrating steady performance in this segment. However, the travel and related services segment faced significant challenges, with profit before tax and finance costs declining sharply to ₹40.45 crore from ₹81.12 crore in the same period last year, indicating substantial pressure on the core travel business operations. According to the latest reports, this segment decline was a key factor in the overall profit decline despite the financial services segment's improved performance.
Total consolidated expenses for the quarter ended 30 June 2026 were ₹2,003.69 crore, compared to ₹2,296.67 crore in the same quarter last year, showing improved cost management despite the revenue decline. The company's basic earnings per share (EPS) after exceptional items decreased to ₹2.01 from ₹2.41 in the quarter ended 30 June 2025, reflecting the impact of lower profitability. The diluted EPS also decreased to ₹2.01 from ₹2.41 year-on-year, indicating the broader impact of the profit decline across all share categories.
The company's board approved a Composite Scheme of Arrangement and Amalgamation on 20 March 2026, which involves the demerger of the resorts and resort management business into Sterling Holiday Resorts Limited, consolidation of equity shares, amalgamation of certain subsidiaries, and a reduction in paid-up equity share capital. This strategic restructuring aims to streamline operations and focus on core business segments. Additionally, Thomas Cook (India) adopted the new tax regime from FY 2026-27, resulting in a one-time credit of ₹3.59 crore due to re-measurement of deferred tax balances as at 31 March 2026.
