Thomas Cook India Q1 net profit at Rs 62 cr

Travel services provider Thomas Cook India today reported a consolidated net profit of Rs 62.01 crore for the quarter ended June 30, 2016.
The company had posted a net profit of Rs 39.81 crore for the corresponding period of the previous fiscal, Thomas Cook India said in a filing to BSE.
Consolidated total income from the operations of the company stood at Rs 2,476.13 crore for the quarter under consideration. It was Rs 1,519.78 crore for the same period a year ago.
"The consolidated unaudited results for the quarter ended June 30, 2016 include the results of Kuoni Travel (China) Ltd and SOTC travel services Pvt Ltd acquired during the year ended March 31, 2016 and hence the same are not comparable with the results for the quarter ended June 30, 2015," Thomas Cook India said.

"Our acquisitions of SOTC, SITA and Kuoni Hong Kong, have offered us significant backend synergies in group contracting and bulk buying," Thomas Cook India Chairman and MD Madhavan Menon said.
Shares of Thomas Cook India today closed at Rs 199.25 per scrip on BSE, up 1.19 per cent from its previous close.