Cox & Kings Q1 net up 18% to Rs 155.55 cr

Leisure and Education travel firm Cox & Kings today reported 18.08% increase in its consolidated net profit to Rs 155.55 crore for the quarter ended June 30, 2013.

     

The company had posted a net profit of Rs 131.73 crore in the same quarter last fiscal, Cox & Kings said in a statement.

     

However, the company's net profit after taxes, minority interest and share of profit/(loss) of associates was down by 8% to Rs 134.77 crore for the quarter under consideration as against Rs 146.82 crore in the corresponding period previous fiscal.

     

Consolidated total income of the company, however, rose to Rs 586.18 crore for the quarter ended June 30, 2013, from Rs 531.97 crore for the same period a year ago, it added.

     

Commenting on the results, Cox & Kings Ltd Director Peter Kerkar said, "India business has seen robust growth, the Education business has also seen a healthy performance with strong forward bookings for both FY14 and even FY15, while the camping segment have seen significant growth over Q1FY13."

     

Sounding upbeat on the India business, he added, "In the Indian markets, we believe that the demand for holiday packages will continue to grow, be it domestic or outbound holidays."

     

The company has over 12 fully owned offices across the country in cities like New Delhi, Chennai, Bangalore, Kolkata, Ahmedabad, Kochi, Hyderabad, Pune, Goa, Nagpur and Jaipur.

     

Its worldwide offices are located in UK, USA, Japan, Russia, Singapore and Dubai with associate offices in Germany, Italy, Spain, South Africa, Sweden and Australia.

 

Shares of Cox & Kings today closed at Rs 107.10 per scrip on BSE, up 4.18% from the previous close.