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Cox & Kings tumbles on muted Q1 results

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Capital Market

Cox & Kings fell 5.79% to Rs 283.85 at 15:30 IST on BSE after consolidated net profit rose 5.02% to Rs 134.52 crore on 7.52% decline in net sales to Rs 681.85 crore in Q1 June 2015 over Q1 June 2014.

The result was announced after market hours on Friday, 7 August 2015.

Meanwhile, the BSE Sensex was down 134.67 points, or 0.48%, to 28,101.72.

On BSE, so far 83,000 shares were traded in the counter, compared with an average volume of 32,400 shares in the past one quarter.

The stock hit a high of Rs 302 and a low of Rs 282.10 so far during the day. The stock hit a record high of Rs 366.30 on 16 September 2014. The stock hit a 52-week low of Rs 221.15 on 29 June 2015.

 

The stock had outperformed the market over the past one month till 7 August 2015, rising 11.88% compared with 0.23% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, rising 1.40% as against Sensex's 6.16% rise.

The mid-cap company has an equity capital of Rs 84.66 crore. Face value per share is Rs 5.

Cox & Kings said that its consolidated net sales rose 5% to Rs 684 crore in Q1 June 2015 over Q1 June 2014. (computed excluding the camping division sold last year).

On a consolidated basis, EBITDA (earnings before interest, taxes, depreciation and amortization) (excluding forex gain/loss) rose 3% to Rs 333 crore in Q1 June 2015 over Q1 June 2014. EBITDA margins stood at 48.7% in Q1 June 2015, lower than 49.8% in Q1 June 2014. (computed excluding the camping division sold last year).

Cox and Kings is a leading holidays and education travel group with operations in 23 countries

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First Published: Aug 10 2015 | 3:29 PM IST

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