Thomas Cook · tone and specificity signals across the available quarters.
Language signals
The 40% growth in our education segment, whereas the holiday segment turnover improved by 11%. In terms of our digital adoption, we were at the 21% mark. Our app engagement continued to see an upward trend and grew 2.7x to 835 transactions in the current quarter.
Q3 FI26 presents a record performance with strong execution. Growth is inventory-led and supported by healthy demand. Margins remain resilient despite rapid scaling. Cash flows and balance sheet strengths provide long-term flexibility. We believe Sterling is firmly in a scale plus leverage phase.
This does not exclude the one-time non-recurring charge of 171 million on account of an exgratia payment... if you look at the interest income growing from 22 crores to 40 crores in the current quarter... this reflects our efficiency in managing our better treasury operations.
The year opened with Pulwama attack and the subsequent operations in April 2025... events that led to airspace disruption, weakened travel confidence and slower pace of business.
March turned to be a train smash... had it been the norm, we would have posted another 40 to 50 crores on the top line and an additional at least 8 to 10 crores on the bottom line.
Sterling is now just not growing faster. It is growing better with greater predictability, stronger operating leverage, increasing cash generation and disciplined capital allocation.