Summary

Thomas Cook India's Q3 FY26 PBT grew by 20% to Rs 897 Mn despite the implementation of new Labour Code. The consolidated income from operations grew by 4% y-o-y to Rs. 21,457 Mn in Q3 FY26 and 7% y-o-y to Rs. 66,275 Mn for 9M FY26. The Group continues to maintain a strong financial position with Cash & Bank balances at Rs. 25,449 Mn as of December 31, 2025.

Key Highlights

1. 1

   Consolidated PBT grows by 20% for Q3 FY26 to Rs 897 Mn excluding a one-time provision of Rs 301 Mn due to implementation of new Labour Code

2. 2

   Consolidated Income from Operations growth of 4% y-o-y to Rs. 21,457 Mn in Q3 FY26; 7% y-o-y to Rs. 66,275 Mn for 9M FY26

3. 3

   Financial Services: Retail turnover increased by 25% y-o-y for Q3 FY26; EBIT margins at 41.5% for Q3 FY26

4. 4

   Travel Services: Revenue from Operations growth of 3% y-o-y in Q3 FY26; EBIT margins at 3.1% for Q3 FY26

5. 5

   Leisure Hospitality (Sterling Holidays & Nature Trails): Revenue from Operations growth of 12% y-o-y in Q3 FY26; EBIT margins at 30.4% for Q3 FY26

6. 6

   Digiphoto Entertainment Imaging (DEI): Revenue from Operations growth of 5% in Q3 FY26; EBIT margins at 3.5% for Q3 FY26

7. 7

   Cash & Bank balances at Rs. 25,449 Mn as of December 31, 2025 vs Rs. 23,861 Mn as of September 30, 2025