Thomas Cook (India) reported a 22.3% year-on-year (YoY) decline in consolidated net profit to ₹51.6 crore for the second quarter of FY27, compared with ₹66.4 crore in the corresponding quarter last year.
It’s revenue from operations declined 6.3% to ₹1,944 crore in the September quarter, from ₹2,074 crore a year ago.
The company’s earnings before interest, tax, depreciation and amortisation (EBITDA) fell 14.6% YoY to ₹92 crore, compared with ₹108 crore in the year-ago period.
EBITDA margin contracted to 4.7% in Q2 FY27 from 5.2% in Q2 FY26.
Exceptional items
In its exchange filing, Thomas Cook India also provided details of certain exceptional items and accounting adjustments.
During FY26, the company paid ₹17.1 crore as ex-gratia to Madhavan Menon, its former chairman, in recognition of his 25 years of service. The payment followed approval from the board on May 30, 2025, and shareholders at the company’s annual general meeting on September 3, 2025. Menon retired as chairman on May 31, 2025.
The amount was included under employee benefits expenses for the half-year ended September 30, 2025, and the financial year ended March 31, 2026.
The company also reported a profit of ₹25.65 crore from the sale of its immovable property in Udyog Vihar Phase III, Gurugram, during FY26. The profit, which stood at ₹17.74 crore after tax, was classified under exceptional items.
Additionally, exceptional items for FY27 include legal and professional expenses incurred in connection with a proposed scheme. These expenses stood at ₹20 lakh for the quarter ended June 30, 2026, and ₹77 lakh for the quarter ended September 30, 2026. The total expenses for the first half of FY27 amounted to ₹97 lakh.
Transition to new tax regime
Thomas Cook India said it had opted to transition to the new tax regime under the Income-tax Act, 2025, with effect from FY27.
Consequently, deferred tax balances as of March 31, 2026, were remeasured using the revised tax rate of 25.168%, compared with the earlier applicable rate of 34.944%.
This resulted in a one-time credit of ₹3.59 crore from the reversal of deferred tax liability, which was included under tax expense for FY26.
Thomas Cook India Q2 Results: Net profit falls 22% to ₹51.6 crore, revenue down 6%