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Indian Hotels: It is an uptrend

Oct 21, 2004

Indian Hotels, the owners of the Taj chain of hotels, has posted a sharp rise in operating profits for the second quarter ended September 2004. The revenue growth was primarily led by higher occupancy and average room rates (ARRs). The tourism sector has been on an upturn over the last four quarters and as a market leader, Indian Hotels has benefited from the same.

Indian Hotels Vs Hilton

Oct 4, 2004

Hotel and tourism related stocks have been in the limelight off late on the stock market. After a record inflow of 2.9 m international tourists into the country, the long-term prospects continue to remain promising. In this backdrop, we decided to compare one of India’s major hotel chains i.e. Indian Hotels, with one of the major international hotel chains i.e. Hilton.

Indian Hotels: Welcome to India!

Sep 3, 2004

The second half of FY04, especially 4QFY04, was a favorable period for Indian Hotels, the leader in the domestic hospitality sector. With occupancy levels touching as high as 82% in 4QFY04 and the momentum sustaining, net profit in 1QFY05 grew by 70% YoY. Here are the key extracts from the latest annual report of the company.

Hotels: Check-out 2003

Dec 24, 2003

One sector that is always almost directly affected by the global economic and geo-political situation is the hospitality industry. Domestic developments could further make or mar the fortunes of this sector. Keeping this in mind, let us consider in brief how the Indian tourism sector has performed in 2003 to date and what is in store for the sector going forward.

Thomas Cook: Analyst meet notes

Dec 19, 2003

Thomas Cook reported strong improvement in its performance during its fourth quarter ended October 2003 and this consequently managed to improve the performance of the company for the whole year.

Thomas Cook: Off-season blues

Aug 27, 2003

Thomas Cook, India’s largest foreign exchange changer recently declared its 3QFY04 results. The company has posted lackluster numbers for the quarter ending July 31st 2003 (year ending October). Has the off-season caught up with the company or is there some other reason? Let’s delve deeper into the numbers.

Thomas Cook: Moving ahead

Jun 24, 2003

The hospitality sector has been in doldrums for the last couple of years. But now that the worst is probably over, the industry can look forward for better times. Compared to the historically low levels of 60% in FY02, occupancy rates have touched 75% levels in the last quarter. This is good news for not only the hoteliers but also for travel agencies. Thomas Cook India Limited (TCIL) is one such company, which stands to benefit. Let us take a look at the company’s various businesses and the pro

Thomas Cook: Hoping for a turnaround

May 23, 2003

Thomas cook India Ltd. (TCIL) announced its April quarter (2QFY04) results yesterday. The company posted a rather expected lackluster performance for the quarter. TCIL’s topline fell by 8% YoY, while the bottomline has taken a severe beating (down 58% YoY). Although, at first glance the figures may look disheartening but with the industry on the verge of a turn around, performance of the company going forward is likely to be on the better side.

Thomas Cook: Making the right moves...

Feb 26, 2003

Thomas Cook India Limited (TCIL), the travel related financial services major, recently declared results for its first quarter ended January (TCIL is an October year ending company). After consistently posting around 20% growth in revenues during the last 4 quarters in FY03, the company has made a slow start by posting 11% growth YoY for the first quarter. This can be attributed to the sluggishness in the outbound travel.

Thomas Cook: Analyst meet notes

Dec 10, 2002

Thomas Cook India (TCIL), the 60% subsidiary of Thomas Cook AG, had an analyst meet recently. Following are the excerpts from the same.

Thomas Cook: 'Slack season' effect

Aug 27, 2002

Thomas Cook (India) Ltd. (TCIL), recently reported third quarter performance for FY03. In the previous calendar year, the parent, Thomas Cook Holdings, was acquired by C&N Touristic AG. Consequently, TCIL changed the accounting year to November-October to align with the new parent company's financial reporting schedule.

''Thomas Cook is an authorised dealer, which means it is similar to a bank except that we do not do regular banking business.”

Jul 24, 2002

In an interview with Equitymaster, Mr. Sreekumar spoke about the travel industry in light of 9/11, communal riots and advisories. He also highlighted some of the reasons for the company's impressive performance.

Thomas Cook: On high gear

Jun 11, 2002

A good start to the year has continued into the second quarter for Thomas Cook (India) Ltd. (TCIL). In quarter ended April '02, the company has topped the 21% turnover growth in 1QFY03. Considering the challenging operating environment experienced by the travel industry during the concerned period -- similar to the past 15 months -- 2QFY03 performance of the company is impressive.

Thomas Cook: The right ingredients

Mar 12, 2002

Thomas Cook (India) Ltd., (TCIL) underwent several changes in calendar year 2001. C&N Touristic AG acquired the U.K based parent company, Thomas Cook Holdings in mid-2001 resulting in an indirect change in control of the Indian subsidiary. Although SEBI did grant exemption to C&N Touristic from making an open offer, it was subject to ratification by the minority shareholders. The resolution tabled in the extra-ordinary general meeting (EGM) was defeated, leading to the open offer for an addition

Thomas Cook's 1QFY02 net declines 29% YoY

Apr 26, 2001

Thomas Cook India Ltd (TCIL), a leading forex and tourism company has reported a 29% YoY decline in net profit to Rs 31m for 1QFY02. The company's operating margins declined by over 1,490 basis points to 31.9% in 1QFY02 from 46.8% in 1QFY01, due to a 41% YoY increase in its operating expenditure. The company's sales however reported a growth of 10% during this period.

"The money changing business is estimated to be US$ 2bn to US$ 2.4 bn."

Apr 14, 2001

In an interview with Equitymaster.com, Mr. Ketkar spoke on the prospects of the travel & tourism sector. He believes the Government will have to give due weightage to the sector if it plans to make this industry a forex money-spinner.

Thomas Cook's FY01 net declines 24% YoY

Feb 8, 2001

Thomas Cook India Ltd (TCIL), a leading forex and tourism company has reported a 24% YoY decline in net profit Rs 137 m for FY01. The company's operating margins dropped by over 1,100 basis points to 31.5% in FY01 from 42.6% in FY00, due to a 34% YoY increase in its operating expenditure.

Thomas Cook 3Q net flat

Oct 12, 2000

Thomas Cook (India) Ltd, a leading forex and tourism company has reported a 16% YoY growth in sales to Rs 195 m for 3QFY01. Year to date the total revenues are up 14% YoY. Due to higher expenses the the company's operating margins have dropped by 5.6% to 36.3% in 3QFY01. The expenses which rose rapidly were a 56% increase to staff costs and a 46% increase to advertising costs.

Outbound travel to drive Thomas Cook's earnings

Aug 11, 2000

Last year 3.6 m travellers from India went abroad on work and leisure. Outbound travel is growing at 25% per annum and is expected to clock in a figure of 5 m in the current year. Thomas Cook India Ltd (TCIL) a leading player of forex and outbound travel, will be a beneficiary of this growth.

Thomas Cook net down 9% YoY

Jul 20, 2000

Thomas Cook (India) Ltd, a leading forex and tourism company has reported a 14% YoY growth in sales to Rs 204 m for 2QFY01. However the company's operating margins dropped by over 4% to 32.4% in 2QFY01, due to a 22% increase in operating expenditure. The main increase to operating expenditure was driven by a 49% increase in staff costs.


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