Thomas Cook India posts Q4 net loss of Rs 13.03 cr
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The company reported standalone net loss during the quarter stood at Rs 13.03 crore as compared to net loss of Rs 66.28 crore in the previous year quarter. Net revenue of the company declined substantially by 73.48 per cent at Rs 63.56 crore in January-March quarter of this fiscal as against Rs 239.65 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 61.25 per cent to Rs 113.22 crore from Rs 292.20 crore in year ago period. Other Income grew by 178.98 per cent at Rs 31.72 crore versus (Mar'20 Rs 11.37 crore).
Operating Profit slipped by 5.52 per cent to Rs -49.65 crore as against Rs -52.55 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 256.22 per cent in March quarter. Interest declined by 41.23 per cent y-o-y to Rs 5.36 crore, while Taxation decreased by 2.84 per cent at Rs -16.74 crore (Mar'20 Rs -17.23 crore).
