Samhi Hospitality's net profit fell by 59% to 41 crore rupees in the second quarter despite revenue growth

Thomas Cook (India) Limited, headquartered in Mumbai, reported consolidated net profit of ₹53.7 crore during the second quarter. This figure represents a 24% decline compared to ₹70.7 crore in the same period last year. Operating revenue also decreased to ₹1,944.2 crore from ₹2,073.8 crore the previous year.

The company's Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) stood at ₹151.2 crore for the second quarter of the fiscal year 2027, which is 3% higher than the ₹147 crore recorded in the same period last year. Furthermore, the company reported a net profit in its separate statement of ₹45.1 crore, which is 4% less than ₹46.9 crore in the corresponding period of the previous year, for the quarter ending September 30, 2026.

Forecasts and Segment Dynamics

Mahesh Iyer, Managing Director and CEO of Thomas Cook (India) Limited, commented on the results, noting that the second quarter of the fiscal year 2027 once again demonstrated the resilience of the TCIL group. He emphasized that Profit Before Tax (PBT) remained stable at ₹84.8 crore, despite the ongoing impact of the conflict in the Middle East. According to Iyer, disciplined management with a focus on margins helped offset some lost income in the tourism business.

The financial services segment showed confident growth: operating revenue increased by 21% year-over-year (YoY) in the second quarter of the fiscal year 2027 and by 14% in the first half of the fiscal year 2027. The travel company also noted a significant recovery in its business in India, although the beginning of July was slower, and by the end of the quarter, figures were 6% lower than last year. A recovery in revenue was also observed in the overseas tour management business, despite the continued impact of the Middle East conflict.

Within the leisure hospitality segment, the company opened seven resorts in the second quarter of the fiscal year 2027, marking the highest number for the quarter. These resorts are located in Jagdalpur, Sattala, Agra, Varanasi, Corbett, Tadoba, and Jawai. Regarding future prospects, the company reported positive demand, as healthy advance bookings show a 30% growth in the current quarter (Q3FY27) in travel tourism, even with high airfare and other raw material costs.

Iyer added that the company is optimistic about maintaining momentum in the Indian tourism business going forward, noting that advance bookings show healthy growth of 30% compared to last year, despite increased air travel and other input costs. He called this a positive signal for both the current and subsequent quarters.

Mahindra Lifespace Developers Ltd (MLDL), a division of the Mahindra group in real estate, reported a 65.9 percent decline in consolidated net profit during the second quarter of the fiscal year 2027 (Q2FY27). Net profit amounted to 16.34 crore rupees. The company presented this data in a report filed with the BSE on Thursday.

During the reporting period, operating income increased significantly by 84.6 percent, reaching 32.42 crore rupees compared to 17.56 crore rupees the previous year. Meanwhile, total expenses rose by 24.3 percent year-on-year, totaling 97.41 crore rupees in Q2FY27, compared to 78.39 crore rupees in the same period last year.

The company's consolidated sales for the quarter, which include residential real estate, integrated cities, and industrial clusters (IC&IC) segments, reached 1,126 crore rupees, demonstrating a 32 percent year-on-year growth. Furthermore, in the September quarter, the company added Gross Development Value (GDV) worth approximately 1,500 crore rupees.

For the first half of the fiscal year (H1FY27), the added GDV was 7,100 crore rupees, exceeding 5,200 crore rupees for the corresponding period last year. Preliminary housing bookings were also registered in the first half amounting to 1,988 crore rupees, which is 66 percent more than the previous year.

Amit Kumar Sinha, Managing Director (MD) and Chief Executive Officer (CEO) of Mahindra Lifespace Developers, noted that the first half of FY27 was successful due to a 66 percent increase in advance sales. He also mentioned the successful launches of the Rainforest, BeaconHill, and Citadel Ph 3 projects in the first half. Sinha emphasized that business development remains strong, evidenced by the addition of GDV amounting to 7,100 crore rupees, and that the IC&IC business has a strong plan expected to be executed in the second half of FY27. He also pointed out the stability of the company's balance sheet and strong PAT payout for the first half.

At the close of the trading day, Mahindra Lifespace Developers shares on the BSE closed at 351.20 rupees, showing a rise of 2.78 percent.