Travel services provider Thomas Cook India today reported 40.38% dip in consolidated net profit for the first quarter ended March 31, 2011 at Rs 4.68 crore.
In the same period last year, the company's consolidated net profit was Rs 7.85 crore.
For the three month ended March 31, 2011, the firm's consolidated net sales grew 11.22% to Rs 78.20 crore compared to Rs 70.31 crore in the same quarter last year, the company said in a statement.
Currently, Thomas Cook has offices at 180 locations across 72 cities in India.
The company offers integrated travel and travel related services including foreign exchange, corporate travel, leisure travel and insurance.
Shares of the company closed at Rs 58.80 per share on the Bombay Stock Exchange, down 4.23% from the previous close.
