Travel services provider Thomas Cook (India) Ltd on Tuesday (December 31) disclosed a cyberattack targeting its IT infrastructure. Upon identifying the incident, the company promptly initiated an investigation and implemented measures to address the breach, including shutting down affected systems.

“…we wish to inform you that there has been an incident involving a cyber attack on our IT infrastructure. Immediately upon becoming aware of the incident, we have taken the necessary steps to investigate and respond to the incident, including shutting down affected systems,” Thomas Cook (India) said in a regulatory filing.

The company is collaborating with leading cybersecurity experts to assess the extent of the attack and undertake necessary remedial actions. “We are working with leading cyber security experts to support our investigation and identify the extent of the issue and take remedial action as necessary,” Thomas Cook (India) added.

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Thomas Cook (India) reported a 39.8% year-on-year (YoY) surge in net profit at ₹72 crore for the second quarter that ended September 30, 2024, against ₹51.5 crore in the year-ago period. The company’s revenue from operations increased 8.7% to ₹2,003.8 crore, compared to ₹1,843.4 crore in the corresponding period of the preceding fiscal.

At the operating level, EBITDA was up 21.1% to ₹124.6 crore in the second quarter of this fiscal over ₹102.9 crore in Q2 of FY24. The EBITDA margin stood at 6.2% in the reporting quarter compared to 5.6% in the corresponding period in the previous fiscal. EBITDA is earnings before interest, tax, depreciation, and amortisation.

The company’s EBIT margins for travel services increased from 3.5% to 4.9%, foreign exchange grew from 37.4% to 48.8%, and Sterling Holidays saw a slight increase from 24.7% to 25.2%. The travel services registered a 55% growth in EBIT, while Sterling Holidays saw a 24% EBIT growth in Q2 FY25 year-on-year.

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Shares of Thomas Cook (India)Ltd ended at ₹195.55, down by ₹1.05, or 0.53%, on the BSE.

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