Thomas Cook posts whopping 985% PBT growth, 19% revenue growth in travel business in FY19

Thomas Cook (India) Ltd (TCIL), India’s largest integrated travel services company, today announced its financial results for the year ended March 31, 2019 with a strong performance across its lines of businesses. Consolidated revenue from operations for FY19 increased by 18 per cent from Rs 56 billion to Rs 66 billion, consolidated PBT (Profit Before Tax) increased by 985 per cent from Rs 53 million in FY18 to Rs 573 million in FY19. Speaking on the development Madhavan Menon, CMD at Thomas Cook India Group said, “The strong all-around performance of the Thomas Cook India Group for FY19 demonstrates the width and diversification of the Group, not only across geographies but business segments. This is the result of a journey we embarked on since 2012 when Thomas Cook India’s ownership transferred entirely from the British parent to Fairfax Financial Holdings."