The shares of a Hospitality company specializing in providing a wide range of travel services, including leisure travel, corporate travel, and foreign exchange jumped upto 11 percent upon signing a strategic partnership with the Korea Tourism Organization for Special Projects.
Price action
With a market capitalization of Rs. 6,213.73 crores on Thursday, the shares of Thomas Cook (India) Limited jumped upto 11.7 percent making a high of Rs. 133.75 per share compared to its previous closing price of Rs. 119.65 per share.
What Happened
Thomas Cook (India) Limited and SOTC Travel Pvt Ltd have entered into a 24-month strategic partnership with the Korea Tourism Organization to boost Korea’s visibility in the Indian market.
This collaboration will focus on special projects to promote Korea’s culture, luxury, wellness, and cuisine through innovative travel products tailored for Indian travelers and aims to drive growth in leisure, business, and MICE segments, showcasing regions beyond Seoul and Busan, like Jeju Island and Gangwon Province, as key travel destinations.
About the company
Thomas Cook (India) Ltd is a leading omnichannel travel services company in India, offering a wide range of services including holidays, MICE, visa, and forex solutions. The company operates through both physical branches and digital platforms, providing customized travel experiences.
Segment Revenue (Q3 & 9M FY25)
The company’s revenue comes from several segments: Financial Services, which grew 16 percent YoY to Rs. 74.4 crores in Q3FY25; Travel and Related Services, up 11 percent to Rs. 1,623 crores; Leisure Hospitality & Resorts, rising 12 percent to Rs. 138.9 crores; and Digiphoto Imaging Services, which saw a 7 percent decline to Rs. 224.7 crores in Q3FY25.
Financials
The company’s total revenue rose by 7.3 percent from Rs. 1,940.81 crore to Rs. 2,083.09 crore in Q3FY24-25. Meanwhile, Net profit fell from Rs. 82.39 crore to Rs. 49.58 crore during the same period.
Written by Sridhar J
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