Cox and Kings is trading higher by 4% at Rs 145, extending its Friday’s 5.5% rally, after reporting an over nine-fold jump in consolidated net profit at Rs 30.91 crore for the third quarter ended December, 2013 (Q3FY14).
The company had posted a consolidated net profit of Rs 3.33 crore for the corresponding period of previous fiscal, Cox & Kings said in a filing to BSE.
Consolidated income from operation increased to Rs 408 crore for the quarter under consideration as against Rs 357 crore for the same period year ago.
EBITDA or operating profit more than doubled to Rs 105 crore as compared to Rs 48 crore in Q3FY13.
The company anticipates a strong pickup in demand for travel sector in coming quarters from the international as well as domestic markets.
Peter Kerkar, director of Cox and Kings said the GDP of UK and Ireland is expected to grow by over two per cent in the next one year and this will benefit all our international operations.
The stock opened at Rs 141 and touched high of Rs 146 on the NSE. A combined 828,538 shares have already changed hands on the counter till 1000 hours, against an average sub 700,000 shares that were traded daily in past two weeks on the NSE and BSE.
The company had posted a consolidated net profit of Rs 3.33 crore for the corresponding period of previous fiscal, Cox & Kings said in a filing to BSE.
Consolidated income from operation increased to Rs 408 crore for the quarter under consideration as against Rs 357 crore for the same period year ago.
EBITDA or operating profit more than doubled to Rs 105 crore as compared to Rs 48 crore in Q3FY13.
The company anticipates a strong pickup in demand for travel sector in coming quarters from the international as well as domestic markets.
Peter Kerkar, director of Cox and Kings said the GDP of UK and Ireland is expected to grow by over two per cent in the next one year and this will benefit all our international operations.
The stock opened at Rs 141 and touched high of Rs 146 on the NSE. A combined 828,538 shares have already changed hands on the counter till 1000 hours, against an average sub 700,000 shares that were traded daily in past two weeks on the NSE and BSE.
