Thomas Cook (India) Limited Approves FY 2026 Results and Recommends Dividend Amid Amalgamation Plan
Thomas Cook (India) Limited announced the approval of its audited financial results for the year ended March 31, 2026, along with a recommendation of a dividend for the fiscal year 2025-26. The Board meeting also approved a Composite Scheme of Arrangement and Amalgamation involving the company and its wholly owned subsidiaries.The Board recommended a total dividend of Rs.0.50 (Rupees Fifty paise only) per Equity Share of Re.1/- each. This payout remains subject to the approval of the shareholders at the ensuing Annual General Meeting.
Financial Performance Highlights
The company released detailed audited financial results for both standalone and consolidated entities for the fiscal year ending March 31, 2026.Consolidated Financial Results for the Year Ended March 31, 2026
The Group recorded a total income of Rs. 85,577.5 Million for the year, resulting in a Net Profit for the period of Rs. 2,546.1 Million. The Net Profit for the year, after accounting for share of net profit from associates and joint ventures, was Rs. 2,204.8 Million.
Key financial figures for the consolidated entity are summarized below:
| Financial Metric | Quarter ended 31 March 2026 (Audited) | Year ended 31 March 2026 (Audited) | Year ended 31 March 2025 (Audited) |
|---|---|---|---|
| Total Income | 18,054.5 Million | 85,577.5 Million | 82,845.3 Million |
| Total Expenses | 17,578.0 Million | 82,249.2 Million | 78,993.5 Million |
| Net Profit | 461.1 Million | 3,268.4 Million | 3,783.6 Million |
| Net Profit (Total) | 306.8 Million | 2,204.8 Million | 2,583.9 Million |
The Group’s revenue from operations reached Rs. 83,981.7 Million for the year ended March 31, 2026, driven by segments including Travel and related services (Rs. 67,024.9 Million) and Financial services (Rs. 3,261.3 Million).
Standalone Financial Results for the Year Ended March 31, 2026
Standalone figures reflected total income of Rs. 23,338.6 Million for the year, leading to a Net Profit for the period of Rs. 1,711.4 Million. The standalone assets stood at Rs. 46,305.3 Million at year-end, compared to Rs. 42,284.9 Million in the previous year.
Consolidated Balance Sheet Summary (Rs. Millions)
| Particulars | As at 31 March 2026 | As at 31 March 2025 |
|---|---|---|
| Total Assets | 78,985.2 | 71,156.9 |
| Total Equity | 25,235.5 | 22,366.9 |
| Total Liabilities | 53,749.7 | 48,790.0 |
Strategic Moves and Changes
The Board approved a Composite Scheme of Arrangement and Amalgamation among Thomas Cook (India) Limited (TCIL) and its wholly owned subsidiaries, including Sterling Holiday Resorts Limited (SHRL), TC Visa Services (India) Limited (TCVSL), Jardin Travel Solution Limited (JTSL), and Borderless Travel Services Limited (BTSL).Key outcomes of the Scheme include:
1. Demerger: The Resorts and Resort Management business of TCIL will demerge into SHRL. Shareholders of TCIL will receive shares of SHRL in the ratio of 81 shares of SHRL for every 100 shares held in TCIL.
2. Amalgamation: TCVSL, JTSL, and BTSL will be amalgamated with TCIL.
3. Share Capital Reduction: The paid-up equity share capital of TCIL will be reduced by decreasing the face value of paid-up equity shares from INR 4/- to INR 3/- per equity share.
Cash Flow and Operational Insights
For the year ended March 31, 2026, the consolidated cash generated from operations was Rs. 6,809.3 Million, leading to a Net cash generated from operating activities of Rs. 6,430.4 Million. The net increase in cash and cash equivalents for the year was Rs. 459.9 Million, bringing the closing balance to Rs. 8,645.2 Million.Significant exceptional items recognized during the year included:
- Exceptional Tax Item: The Group presented an exceptional item of Rs. 301 Million for the quarter and year ended March 31, 2026, related to the recognition of past service costs based on the New Labour Codes.
- Tax Regime Shift: The company transitioned to the New Tax Regime with effect from FY 2026-27. This re-measurement resulted in a one-time credit of Rs. 35.9 Million towards reversal of deferred tax liability, included in the "Tax expense" for the year.
The company also noted that the acquisition of the Resorts Business from Nature Trails Resort Private Limited (NTRPL) on March 19, 2025, was accounted under the 'Pooling of interest' method, and this transaction had no impact on the consolidated financial results.
THOMASCOOK Stock Price Movement
On Tuesday, Thomas Cook (India) Limited shares slipped by 0.81% to close at ₹93.43, losing ₹0.75 from the previous trading day's close. The stock saw a substantial trading day, with a volume of 1.51 million shares traded.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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