THOMASCOOKThomas Cook (India) Ltd.
Thomas Cook (India) Q2 FY27 Results: Standalone Net Profit ₹45.10 Crore on Total Income of ₹608 Crore
- Earnings
- travel services
Reviewed byRachit TripathiBlacklitt Research
Thomas Cook (India) (NSE: THOMASCOOK) reported standalone total income of ₹607.50 crore and net profit of ₹45.10 crore for the quarter ended 30 Sep 2026, it said in a filing on 02 Nov 2026. Consolidated figures are not part of this filing and are to be published in newspapers.
Key highlights
Standalone
The company on its own, without its subsidiaries
- Total income: ₹607.50 crore, down 3.4% YoY and 31.2% QoQ
- Net profit: ₹45.10 crore, down 4.0% YoY and 23.2% QoQ
- EPS: ₹0.97 basic, against ₹1.01 a year earlier
- Other income: ₹59.39 crore, up 40.0% YoY, 9.8% of total income
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 607.50 | 629.19 | -3.4% | 882.53 | -31.2% | |
| Revenue from operations | 548.11 | 586.78 | -6.6% | 827.57 | -33.8% |
| Other income | 59.39 | 42.41 | +40.0% | 54.96 | +8.1% |
| 45.10 | 46.99 | -4.0% | 58.72 | -23.2% | |
| Finance costs | 8.25 | 9.16 | -9.9% | 9.44 | -12.6% |
| Depreciation | 8.89 | 8.24 | +7.9% | 8.48 | +4.8% |
| Tax expense | 15.23 | 26.73 | -43.0% | 19.72 | -22.8% |
| Net profit margin | 7.42% | 7.47% | -0.04 pp | 6.65% | +0.77 pp |
| Tax as share of profit before tax | 25.2% | 36.3% | -11.01 pp | 25.1% | +0.10 pp |
| EPS, basic (₹) | 0.97 | 1.01 | -4.0% | 1.26 | -23.0% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Net profit fell less than profit before tax in the year-on-year comparison: net profit dropped 4.0% to ₹45.10 crore while profit before tax fell 18.2%, from ₹73.72 crore to ₹60.33 crore. Tax expense fell 43.0% to ₹15.23 crore, and the tax charge was 25.2% of profit before tax against 36.3% a year earlier.
Other income of ₹59.39 crore is 98.4% of profit before tax of ₹60.33 crore, so the quarter's profit before tax rests almost entirely on other income. Revenue from operations fell 6.6% YoY to ₹548.11 crore while other income rose 40.0%. Finance costs of ₹8.25 crore are 1.4% of total income.
The year-earlier quarter included an exceptional gain of ₹25.65 crore from the sale of a property in Udyog Vihar Phase III, Gurugram, under a sale agreement dated 22 Jul 2025. The quarter ended 30 Sep 2026 carries an exceptional loss of ₹0.77 crore (₹77 lakh) of legal and professional fees for the Composite Scheme of Arrangement and Amalgamation.
Against the previous quarter, total income fell 31.2% and revenue from operations fell 33.8%, while net profit fell 23.2%. The filing does not state the reason for the fall in revenue from operations from ₹827.57 crore to ₹548.11 crore, and it does not explain the change in cost of services.
Inference
The board approved the results on 2 Nov 2026, and the statutory auditors, B S R & Co. LLP, expressed an unmodified review conclusion on the standalone results.
The Board approved on 20 Mar 2026 a Composite Scheme of Arrangement and Amalgamation involving the company and four wholly owned subsidiaries. The scheme includes demerger of the resorts business into Sterling Holiday Resorts Limited, with shareholders receiving 81 shares for every 100 held, and a consolidation of 4 equity shares of ₹1 into 1 share of ₹4 with a reduction of face value to ₹3. The company says the scheme has not been sanctioned by the National Company Law Tribunal, Mumbai Bench. The expected sanction date is not stated.
A dividend of ₹23.52 crore (Re 0.50 a share) for FY 2025-26 was approved at the AGM on 10 Sep 2026 and paid on 23 Sep 2026. The filing does not say how the scheme's share changes will affect per-share figures.
Filed with BSE on . Reference: Original filing (PDF)
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