Thomas Cook Q1 Net Profit Rises 5.7% YoY

Total Income: ₹8,825.3 million
Revenue from operations: ₹8,275.7 million
Other income: ₹549.6 million
Total Expenses: ₹8,038.9 million
Cost of services: ₹6,581.3 million
Employee benefits expense: ₹782.8 million
Finance costs: ₹94.4 million
Advertisement and sales promotion expenses: ₹114.3 million
Depreciation and amortization expense: ₹84.8 million
Other expenses: ₹381.3 million
Profit before exceptional items and tax: ₹786.4 million
Exceptional items: ₹(2.0) million (legal and professional fees for composite scheme)
Profit before tax: ₹784.4 million
Tax expense: ₹197.2 million
Current tax: ₹163.6 million
Deferred tax: ₹33.6 million
Net profit for the period: ₹587.2 million
Other comprehensive income: ₹(10.7) million
Total comprehensive income: ₹576.5 million
Paid-up equity share capital: ₹470.4 million (face value of Re. 1 each)
Earnings per share (Re. 1 each):
Basic before exceptional items: ₹1.26
Diluted before exceptional items: ₹1.26
Basic after exceptional items: ₹1.26
Diluted after exceptional items: ₹1.26

Vs. Q1 FY26: Revenue from operations increased 1.2% from ₹8,175.1 million to ₹8,275.7 million; Net profit increased 5.7% from ₹555.4 million to ₹587.2 million
Vs. Q4 FY26: Revenue from operations increased 152.7% from ₹3,274.1 million to ₹8,275.7 million; Net profit increased 206.7% from ₹191.4 million to ₹587.2 million

Financial Services: Revenue ₹747.7 million, Profit ₹353.0 million
Travel and Related Services: Revenue ₹7,509.2 million, Profit ₹479.2 million
Leisure Hospitality & Resorts Business: Revenue ₹18.8 million, Loss ₹(4.0) million

Employee Trust Holdings:

Thomas Cook (India) Limited Employee Trust holds 4,399,421 shares as of June 30, 2026
Mark-to-market gain of ₹19.3 million recorded in Q1 FY26 from shares of Quess Corp Limited and its demerged entities

Exceptional Items:

Q1 FY26: ₹2.0 million legal/professional fees for composite scheme
Q4 FY26: ₹12.8 million legal/professional fees for composite scheme
FY26: ₹68.9 million net exceptional items including property sale profit of ₹256.5 million and past service cost of ₹174.8 million

Composite Scheme of Arrangement:

Approved by Board on March 20, 2026
Involves Thomas Cook (India) Limited and wholly owned subsidiaries: Sterling Holiday Resorts Limited, TC Visa Services (India) Limited, Jardin Travel Solution Limited, and Borderless Travel Servies Limited
Key provisions:
Demerger of Resorts and Resort Management business of TCIL into SHRL
Shareholders to receive 81 shares of SHRL for every 100 shares held in TCIL
Consolidation of 4 equity shares of TCIL (face value ₹1 each) into 1 equity share (face value ₹4 each)
Amalgamation of TCVSL, JTSL and BTSL with TCIL
Reduction of paid-up equity share capital by reducing face value from ₹4 to ₹3 per equity share
Scheme forwarded to SEBI by NSE and BSE for observations

Taxation:

Company opted to transition to New Tax Regime effective FY 2026-27
Deferred tax balances re-measured using revised tax rate of 25.168% vs. previous 34.944%
One-time credit of ₹35.9 million towards reversal of deferred tax liability recorded in Q4 FY26

Subsidiary Updates:

Sterling Holiday Resorts Limited recognized revaluation gain of ₹1,347.2 million (₹1,156.8 million net of tax) under OCI in Q4 FY26 for freehold and leasehold land
Received dividends from wholly owned subsidiaries: TC Tours Limited (₹99.0 million) and TC Visa Services (India) Limited (₹100.0 million) in FY26

Former Chairman Payment:

Paid ₹171.0 million ex-gratia to Mr. Madhavan Menon (erstwhile Chairman) in recognition of 25 years of service
Approved by Board on May 30, 2025 and shareholders in AGM on September 3, 2025
Included under Employee Benefits Expense for Q1 FY25 and FY26