• Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney master your money
Moneycontrol

Home » News » Earnings » Results

Feb 14, 2017, 07.07 PM | Source: PTI

Cox & Kings Q3 net down 85% at Rs 15 cr

Tours and travel firm Cox & Kings today reported a 84.81 percent decline in its consolidated net profit at Rs 15.23 crore for the third quarter ended December 2016.

Like this story, share it with millions of investors on M3

Cox & Kings Q3 net down 85% at Rs 15 cr

Tours and travel firm Cox & Kings today reported a 84.81 percent decline in its consolidated net profit at Rs 15.23 crore for the third quarter ended December 2016.

Post Your Comments

Share Cancel

| 1 Comments
Cox & Kings Q3 net down 85% at Rs 15 cr
Tours and travel firm Cox & Kings today reported a 84.81 percent decline in its consolidated net profit at Rs 15.23 crore for the third quarter ended December 2016.

The company had posted a net profit of Rs 100.29 crore in the October-December quarter of the previous fiscal, Cox & Kings said in a BSE filing.

The total income from operations on a consolidated basis declined 19.84 percent to Rs 1,378.74 crore in the third quarter as compared to Rs 1,720.08 crore in the corresponding period of the last fiscal.

"This quarter's results were in line with our expectations. Post demonetisation, we are witnessing a shift from the unorganised sector to the organised sector in the travel industry in India," Cox & Kings Group CEO, Peter Kerkar said.

In the third quarter last fiscal, the company had sold Explore Worldwide Ltd, a subsidiary of Holiday Break Ltd, for a consideration of 25.8 million pounds resulting in goodwill write-off of Rs 59.03 crore and profit on sale of Rs 228.66 crore.

For the third quarter of this fiscal, total expenses stood at Rs 1,300.75 crore during the period under review as compared to Rs 1650.09 crore in the same period last fiscal.

Shares of Cox & Kings ended at Rs 197, down 1.92 percent on BSE.

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login