THOMAS COOK INDIA Announces Quarterly Results (2QFY19); Net Profit Down 119.7%

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THOMAS COOK INDIA Announces Quarterly Results (2QFY19); Net Profit Down 119.7%
Mon, 5 Nov

THOMAS COOK INDIA has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

THOMAS COOK INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m26,75620,84515,999-23.2%-40.2%
Other incomeRs m150159113-29.1%-24.6%
TurnoverRs m26,90621,00416,111-23.3%-40.1%
ExpensesRs m26,09120,01715,881-20.7%-39.1%
Gross profitRs m666828118-85.7%-82.2%
DepreciationRs m2511621662.6%-33.8%
InterestRs m3731681839.5%-50.8%
Profit before taxRs m191657-119-118.1%-162.0%
TaxRs m-5491027182.2%
Profit after taxRs m740648-146-122.5%-119.7%
Gross profit margin%2.54.00.7
Effective tax rate%-286.81.5-23.0
Net profit margin%2.83.1-0.9
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter fell 40.2% on a year-on-year (YoY) basis. The expenses were down by 39.1% YoY during the same period.
  • The company's operating profit declined by 82.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 0.7% in 2QFY19 as against 2.5% in 2QFY18.
  • Depreciation charges declined by 33.8% and finance costs declined by 50.8% YoY, respectively.
  • Other income declined by 24.6% YoY during the quarter.
  • Net profit for the quarter declined by 119.7% YoY. Net profit margins during the quarter declined from 2.8% in 2QFY18 to -0.9% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 23.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 20.7% QoQ during the same period.
  • The company's operating profit declined by 85.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 0.7% in 2QFY19 as against 4.0% in 1QFY18.
  • Net profit for the quarter declined by 122.5% QoQ, while net profit margins declined from 3.1% in 1QFY18 to -0.9% in 2QFY19.

To see how THOMAS COOK INDIA has performed over the last eight quarters, please visit here.

THOMAS COOK INDIA Share Price Performance

Over the last one year, THOMAS COOK INDIA share price has moved up from Rs 247.8 to Rs 217.0, registering a Loss of Rs 30.8 or around 12.4%.

Overall, the S&P BSE SENSEX is up 4.2% over the year.

Current Valuations

At the current price of Rs 217.0, the price to earnings (P/E) ratio of THOMAS COOK INDIA stands at 43.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.9 times.

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