2024-11-14 12:30:06 :
Thomas Cook India second quarter 2024 results: Thomas Cook India announced its second quarter 2024 results on November 13, with profits and revenue rising significantly from the same period last year. The company reported profits of $648.9 million, a significant year-on-year growth of 37.77%, while revenue rose to $2003.76 crore, a year-on-year increase of 8.7%.
However, the company’s revenue and profits fell compared to the previous quarter. Revenue fell by 4.85%, and profit fell by 13.82%. These quarterly fluctuations highlight the seasonality of the travel industry.
In terms of operating costs, selling, general and administrative expenses increased by 4.74% month-on-month and 13.7% year-on-year. An increase in expenses could indicate greater operational challenges for the company going forward.
Thomas Cook India’s operating income fell by 12.13% month-on-month, but increased significantly by 24.12% year-on-year. This suggests that despite the short-term challenges the company faces, it is experiencing long-term growth.
Second quarter earnings per share (EPS) reported as $1.39, a year-over-year increase of 37.62%, further demonstrating that the company’s financial performance remains strong despite quarterly setbacks.
Looking at stock performance, Thomas Cook India returned -3.83% last week and -12.53% over the past six months. Instead, the company has delivered a significant return of 41.17% year-to-date, indicating a strong rebound in investor confidence.
As of now, Thomas Cook India has a market capitalization of $8918.76 Crore, a new 52-week high $263.73 and minimum $134.56, reflecting the volatility of the stock market.
Analysts remain optimistic about the company’s future, as all two analysts covering Thomas Cook India have given the company a “Strong Buy” rating as of November 14, 2024. The consensus recommendation suggests confidence in the company’s growth trajectory.
Thomas Cook India Finance
| period | Q2 | Q1 | month-on-month growth | Q2 | year-on-year growth |
|---|---|---|---|---|---|
| total revenue | 2003.76 | 2105.94 | -4.85% | 1843.42 | +8.7% |
| Total Selling/General/Administrative Expenses | 263.41 | 251.49 | +4.74% | 231.67 | +13.7% |
| Depreciation/Amortization | 34.71 | 33.9 | +2.39% | 31.46 | +10.33% |
| total operating expenses | 1913.96 | 2003.74 | -4.48% | 1771.07 | +8.07% |
| operating income | 89.8 | 102.2 | -12.13% | 72.35 | +24.12% |
| net income before tax | 109.59 | 109.07 | +0.48% | 76.6 | +43.07% |
| net income | 64.89 | 75.29 | -13.82% | 47.1 | +37.77% |
| Diluted normalized earnings per share | 1.39 | 1.62 | -14.2% | 1.01 | +37.62% |
Disclaimer: This is an AI-generated live blog and has not been edited by LiveMint staff.
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