Thomas Cook India shares surged over 5 per cent on Friday after the Mumbai-based tour and travel company reported 56 per cent jump in its net profit for the April-June quarter. Thomas Cook reported a net profit of Rs 62 crore in the June quarter compared Rs 40 crore in the corresponding quarter of last fiscal. Thomas Cook’s revenue increased by 63 per cent to Rs 2,476 crore against Rs 1,520 crore last year. Thomas Cook’s strong earnings were supported by its core travel business, which reported 103 per cent jump in revenue at Rs 1,350 crore. Quess Corp, the newly listed subsidiary of Thomas Cook, also supported its earnings. Quess Corp’s revenue increased 35 per cent annually to Rs 990 crore while its operating margin expanded by 60 basis points to 5.4 per cent in Q1. Thomas Cook’s EBITDA margin or operating margin also improved 40 basis points to 5.7 per cent in the April-June quarter. As of 1.20 p.m., Thomas Cook shares traded 2.1 per cent higher at Rs 201.45 a piece compared to 0.84 per cent gain in Sensex.
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