Thomas Cook (India) has rallied 7% to Rs 67 on doubling net profit at Rs 5.04 crore for the quarter ended December 2011, compared to Rs 1.51 crore for the same quarter of the previous fiscal. Revenues grew 31% at Rs 87.30 crore on year-on-year basis.
“Improved margins and aggressive expansion, via a combination of owned shops and franchises partners, primarily in the tier II and III markets, has played a significant role,” the company said in a filing to the stock exchanges.
A combined 550,000 shares have changed hands on the counter on opening deals on both the exchanges.
