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HomeNewsBusinessMarketsCox and Kings Q2 net profit dips 32% to Rs 135.47 cr

Cox and Kings Q2 net profit dips 32% to Rs 135.47 cr

The company had posted a net profit of Rs 199.14 crore for the corresponding period of the previous fiscal.

November 15, 2018 / 19:20 IST
We are in the last phase of the September quarter earnings season, and the results announced by the BSE 500 companies so far have shown signs of a sharp recovery, as compared to the June quarter, when the economic activity in the country was compromised due to lockdown in various regions. From the BSE 500 list, 216 companies have announced their September quarter results so far. We excluded banking and financial companies.  Along with the index stocks we also analyse each sector quarterly earnings. (Data Source: ACE Equity)
     
     
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    Travel firm Cox & Kings reported a 31.97 percent dip in consolidated net profit to Rs 135.47 crore for the quarter ended September 30, 2018 mainly due to higher expenses.

    The company had posted a net profit of Rs 199.14 crore for the corresponding period of the previous fiscal, Cox & Kings said in a filing to the BSE.

    The consolidated total income from operations stood at Rs 1,890.07 crore for the quarter under consideration. It was Rs 1,580.86 crore for the same period a year ago.

    Total expenses of the company stood at Rs 1,671.96 crore in the quarter against Rs 1,315.21 crore in the corresponding period of the previous fiscal.

    Shares of Cox & Kings on November 15 closed at Rs 190.05 on BSE, down 0.68 percent from the previous close.

    PTI
    first published: Nov 15, 2018 07:06 pm

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