Thomas Cook Share Price: Thomas Cook’s shares declined on 4 February today after the weak results of the December quarter. In early trade, the company’s stock fell more than 12 per cent to a low of Rs 142.32. This travel company announced the results of its December quarter (Q3 FY25) a day earlier. Thomas Cook India said that its net profit declined by 40 per cent in the December quarter and was around Rs 50 crore. Whereas in the same quarter last year, the company recorded a net profit of Rs 82.39 crore.
Around 12 noon, Thomas Cook’s shares were trading at a price of Rs 144.01 with a decline of 11.95 per cent on NSE. Since the beginning of this year, the company’s shares have fallen by about 26 per cent so far.
However, the company’s sales increased during the December quarter. Thomas Cook said that his total sales rose 8.87 per cent to Rs 2,061.01 crore in the December quarter, which was Rs 1,893.13 crore in the same quarter last year. However, it seems that this sales did not show the impact in the company’s profits due to more tagged or decline in margin.
In addition, the company said in a second information sent to the stock markets that Madhavan Menon, chairperson of Thomas Cook India, has been appointed as the non-executive chairman of the company’s board. In the information given to BSE, the travel company said that from 1 June 2025, Menon will take charge in his new role.
Let us know that in July 2023, Menon was again appointed executive chairman for five years. However, the board has now re-nominated him as a non-executive chairman at his request.
Investors’ sentiments have weakened after the weak quarterly results and news of leadership changes, which led to a sharp decline in the company’s shares. Now it will be interesting to see what strategy the company adopts to improve its profits in the coming quarters.
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