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Thomas Cook (India) Limited Q3 FY26 earnings call summary

NSE: THOMASCOOK · BSE: 500413

Earnings call of 6 Feb 2026, summarised by AI from the filing.

Thomas Cook Q3 FY26 PBT rose 20% to ₹897 million excluding the Labour Code one-off, with management seeing double-digit FY27 growth.

Key takeaways

  1. FY27 guidance Management sees double-digit consolidated earnings growth in FY 2027, assuming normal macro conditions.
  2. Tax regime Company will move to the new tax regime effective FY27 and expects to utilize the entire MAT credit.
  3. Demand risk Middle East faced stiff competition and muted demand, and U.S. inbound sentiment was soft, hurting Travel margins.

Original filing on BSE

Thomas Cook (India) Limited Q1 FY27 results

As filed: Revenue ₹2,092 cr (−13% year on year), EBITDA ₹93.0 cr (−26% year on year), PAT ₹63.7 cr (−14% year on year), EBITDA margin 4.5% (−79 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q4 FY26: Revenue ₹1,771 cr (−10% year on year), EBITDA ₹78.4 cr (−20% year on year), PAT ₹30.7 cr (−54% year on year), EBITDA margin 4.4% (−55 bps). Score 2 of 100, Below trend. Revenue and profit growth were well below the company's own trend; EBITDA growth was below it. EBITDA margin fell 55 bps year on year. Other income 75% of PBT. Tax rate 40%. Consolidated profit -54% but standalone +20%. Revenue fell 17% from last quarter. Share price after the results: +15.8% in 30 days (Nifty 500: −0.8%).
  • Q3 FY26: Revenue ₹2,146 cr (+4% year on year), EBITDA ₹114 cr (−1% year on year), PAT ₹45.5 cr (+20% year on year), EBITDA margin 5.3% (−29 bps). Score 26 of 100, Below trend. Revenue growth was well below the company's own trend; EBITDA growth was below it; profit before exceptional items growth was in line with it. EBITDA margin fell 29 bps year on year. Other income 69% of PBT. Share price after the results: −23.4% in 29 days (Nifty 500: −4.5%).
  • Q2 FY26: Revenue ₹2,074 cr (+3% year on year), EBITDA ₹108 cr (−14% year on year), PAT ₹71.0 cr (−24% year on year), EBITDA margin 5.2% (−108 bps). Score 12 of 100, Below trend. Revenue growth was well below the company's own trend; EBITDA and profit before exceptional items growth were below it. EBITDA margin fell 108 bps year on year. Other income 35% of PBT. Tax rate 36%. Revenue fell 14% from last quarter. Share price after the results: −9.4% in 30 days (Nifty 500: −0.5%).
  • Q1 FY26: Revenue ₹2,408 cr (+14% year on year), EBITDA ₹126 cr (−8% year on year), PAT ₹74.0 cr (+1% year on year), EBITDA margin 5.2% (−127 bps). Score 37 of 100, Below trend. Revenue growth was in line with the company's own trend; EBITDA and profit growth were below it. EBITDA margin fell 127 bps year on year. Other income 41% of PBT. Revenue rose ₹302 cr on a year ago, more than the ₹207 cr it added the year before. Share price after the results: +6.4% in 30 days (Nifty 500: −2.5%).
  • Q4 FY25: Revenue ₹1,969 cr (+18% year on year), EBITDA ₹98.0 cr (+8% year on year), PAT ₹66.0 cr (+14% year on year), EBITDA margin 5.0% (−49 bps). Score 35 of 100, Below trend. Revenue growth was above the company's own trend; EBITDA and profit growth were below it. EBITDA margin fell 49 bps year on year. Other income 60% of PBT. Revenue fell 4% from last quarter. Share price after the results: +18.1% in 30 days (Nifty 500: +3.7%).
  • Q3 FY25: Revenue ₹2,061 cr (+9% year on year), EBITDA ₹116 cr (0% year on year), PAT ₹47.0 cr (−48% year on year), EBITDA margin 5.6% (−50 bps). Score 8 of 100, Below trend. Revenue growth was below the company's own trend; EBITDA growth was well below it. EBITDA margin fell 50 bps year on year. Other income 31% of PBT. Tax rate 35%. Consolidated profit -48% but standalone +0%. Profit fell 35% from last quarter.
  • Q2 FY25: Revenue ₹2,004 cr (+9% year on year), EBITDA ₹126 cr (+22% year on year), PAT ₹72.0 cr (+38% year on year), EBITDA margin 6.3% (+70 bps). Score 55 of 100, In line with trend. EBITDA margin rose 70 bps year on year. Other income 39% of PBT. Not enough history for a trend yet: scored on growth alone. Revenue fell 5% from last quarter.

Past price moves after results do not indicate future moves. Not a recommendation.

Thomas Cook (India) Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.