Shares of tour and travel firm Cox & Kings dipped nearly 14 per cent today after the company reported a consolidated net loss of Rs 305.53 crore for the quarter ended March 31, 2016.
Opening on a weak note, the stocks further slumped 13.98 per cent to close at Rs 149.80 on BSE.
At NSE, shares of the company settled at Rs 149.75, down 14.08 per cent.
Volumewise, 3.59 lakh shares of the company changed hands at BSE and over 21 lakh shares were traded at NSE during the day.
The company had posted a net profit of Rs 64.56 crore for the January-March period of the previous fiscal, Cox & Kings said in a BSE filing on May 20.
Consolidated total income from the operations stood at Rs 470.96 crore for the quarter ended March 31, 2016. It was Rs 409.61 crore in the year-ago period.
According to the company, its result are not comparable as it has sold its camping division to France's Homair Vacances.
"Owing to sale of camping division on September 11, 2014, the figures of the year are not comparable to corresponding figures of last year," the company said.
For the entire fiscal, Cox & Kings consolidated net profit was at Rs 53.93 crore. It had a net profit of Rs 91.78 crore in 2014-15.
Its consolidated total income from operations for the 2015-16 fiscal was Rs 2,351.91 crore. It was Rs 2,569.09 crore in the previous fiscal.
