Thomas Cook India sees Q2 profit up 16 times to Rs 76.6 crore this Q2

Thomas Cook India has reported a record growth in profit for July-September 2023, (Q2 FY ’24) with the same growing to Rs 76.6 crore from Rs 4.9 crore in same period last fiscal. ​​The growth has been driven by travel businesses of Thomas Cook & SOTC, Foreign Exchange & Sterling Holidays. The overseas travel businesses registered a profit of Rs 8 crore, as opposed to a loss of Rs 17.6 crore in same period last year. The group says it has cash and bank balance of Rs 13.4 billion as of September 30, 2023.