Q3 2025 Thomas Cook (India) Ltd Earnings Call Transcript
Key Points
- Thomas Cook India Ltd (BOM:500413) reported a 7% increase in income from operations for the quarter, reflecting stable growth despite the absence of government business from the previous year.
- The company's financial services segment saw a 16% growth in revenues, with a significant margin expansion of 700 basis points.
- The domestic travel business experienced strong demand, with the B2C segment growing by 29% and leisure hospitality under Sterling Holidays increasing by 12%.
- Sterling Holiday Resorts reported its strongest ever quarter with a 12% growth in income and a 40% growth in EBITDA, achieving an EBITDA margin of 38.8%.
- Thomas Cook India Ltd (BOM:500413) expanded its market presence by adding seven new locations, enhancing its distribution network.
- The company faced a decline in EBITDA margin from 8.3% to 6.7%, attributed to the absence of one-time grants and the impact of the National Games business not being repeated.
- Geopolitical tensions and currency fluctuations negatively impacted international operations, particularly in Southeast Asia, leading to a significant exchange loss.
- The DEI segment experienced a 7% drop in revenue due to geopolitical issues and harsh climate conditions, affecting profitability.
- East Africa operations suffered a 30% sales drop due to a major customer bankruptcy, impacting overall DMS performance.
- Increased other expenses, including rent, utilities, and marketing, contributed to higher operational costs, affecting profitability.
Ladies and gentlemen, good day. And welcome to Thomas Cook Limited Q3 FY25 earnings conference call. hosted by systematic shares and Stock Limited. (Operator Instructions)
Please note that this conference is being recorded.
I now hand the conference over to Mr Chetan Mahadik from Systematix Shares and Stocks (India) Limited. Thank you and over to you, sir.
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Thank you, [] welcome everyone and thank you for joining us on Thomas Cook (India) Ltd Q3 FY25 earnings conference call. From the company we have with us, Mr. Madhavan Menon, the Executive Chairman and the senior management team.
We would like to begin the call with brief opening remarks from the management following which we will have the forum open for an interactive Q&A session. I would now like to invite Mr Madan to make the initial remarks. Thank you and over to you, sir.
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