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Thomas Cook CEO says order book for Q3 looking 'very strong'

Updated : November 02, 2018 12:58:28 IST

Travel services firm Thomas Cook India reported a consolidated net loss of Rs 6.24 crore for the quarter ended September 30. Mahesh Iyer, ED & CEO of the company, spoke to CNBC-TV18 about the earnings and growth outlook.

"Our orderbook for coming quarter is a good 20 percent growth over the previous quarter and it’s looking very strong," Iyer said on Friday.

“I believe the next quarter should be looking very good considering that we have a strong orderbook going into the next quarter,” he added.

Talking about the business, Iyer said, “As of now the standalone Thomas Cook entity is completely debt free. We had about Rs 100 crore of non-convertible debenture (NCD) that we had to repay which was repaid in the last week of September.”

“The group has an ability to raise free cash of up to Rs 200 crore every year. So we have a fairly deep pockets and deleveraged balance sheets. So we have the ability to go to the market and look at acquisitions as and when required when the opportunity is right,” he said.


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