The India Tourism Development Corporation (ITDC), a public sector enterprise under the Ministry of Tourism, Government of India, announced its financial results for the second quarter of the 2024-25 fiscal year.
For Q2 FY 2024-25, ITDC recorded a total turnover of INR 158.83 crores. The company’s Profit Before Tax (PBT) amounted to INR 24.97 crores, and its Profit After Tax (PAT) reached INR 24.43 crores.
Travel and Tour World
Mr. Lokesh Kumar Aggarwal, Director of Finance and CFO at ITDC, commented on the performance, stating, “This quarter’s results reflect our commitment to efficient operations and service quality. We are focused on the brand’s continued momentum, and the quarter’s figures support our broader objectives within the hospitality, travel and tourism sector.”
The Q2 performance underscores ITDC’s strong market presence and its ability to navigate industry challenges effectively. Growth in key business sectors was driven by increased market demand and an improved customer experience.
Looking ahead, ITDC is committed to expanding its portfolio and upgrading its infrastructure to align with the evolving standards of the hospitality and tourism sectors. The corporation’s strategic initiatives and focus on exceptional customer service aim to reinforce its position as a trusted provider of hospitality, travel, and tourism services in both domestic and international markets.
Thomas Cook India Q2 Results 2024: Profit Soars 37.77% YOY, Revenue Reaches ₹2003.76 Crore
Thomas Cook India Q2 Results for 2024: On November 13, Thomas Cook India announced its Q2 financial results for 2024, showcasing impressive growth in both profit and revenue compared to the same period last year. The company reported a profit of ₹64.89 crore, marking a robust 37.77% year-on-year increase, while its revenue surged to ₹2003.76 crore, reflecting an 8.7% YoY rise.
However, when compared to the previous quarter, the company saw a decline in both revenue and profit. Revenue decreased by 4.85%, and profit dropped by 13.82%, highlighting the seasonal fluctuations in the travel industry.
Operational costs saw an increase, with Selling, General & Administrative expenses rising by 4.74% quarter-on-quarter and 13.7% year-on-year. This uptick in expenses may signal increased operational challenges ahead.
The company's operating income fell by 12.13% quarter-on-quarter but saw a notable 24.12% increase year-on-year. This suggests that despite short-term hurdles, Thomas Cook India is experiencing strong long-term growth.
Earnings Per Share (EPS) for Q2 stood at ₹1.39, marking a 37.62% year-on-year increase, further underscoring the company’s strong financial performance despite the quarterly dip.
Regarding stock performance, Thomas Cook India has faced a -3.83% return in the past week and a -12.53% return over the last six months. However, the company has achieved a notable 41.17% return year-to-date, signaling a robust recovery in investor confidence.
With a market capitalization of ₹8918.76 crore, Thomas Cook India’s stock has ranged between a 52-week high of ₹263.73 and a low of ₹134.56, reflecting market volatility.
Analysts are optimistic about the company's prospects, with all two analysts covering the stock offering a 'Strong Buy' rating as of November 14, 2024, indicating strong confidence in its growth trajectory.
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