Cox & Kings Ltd's Q2FY17 consolidated net profit declines 76.65% yoy to Rs.27.30 crore

India Infoline Research Team | November 29, 2016 10:17 IST

Cox & Kings Ltd Q2FY17

Consolidated Results Q2FY17: (Rs. in crore)

Q2FY17 YoY (%)
Revenue 2,565.20 11.7
EDITDA 188 [40.6]
EBITDA Margin (%) 7.3 [647]
Net Profit (adjusted) 27.30 [76.6]
***EBITDA margin change is bps

Cox & Kings’ Q2FY17 consolidated numbers came in during pre-market hours.

Net-revenue for the quarter rose 11.7% yoy to Rs 2,565 cr with a 19% yoy increase in leisure segment revenues.

However, EBITDA for the quarter fell 40.6% yoy to Rs 188 cr. A 20% yoy increase in operating expenses led to a 647 bps contraction in EBITDA margins to 7.3%. This was primarily driven by a 23% yoy increase in cost of tours and other expenses shooting up 38% yoy.

Also, net profit for the period came in 76.6% lower yoy to Rs 27 cr due to a 46% yoy decline in other income.


Technical View:

Cox & Kings Ltd is currently trading at Rs. 164.4, down by 4.35 points or 2.58% from its previous closing of Rs. 168.75 on the BSE.
The scrip opened at Rs. 166.3 and has touched a high and low of Rs. 166.3 and Rs. 159.1 respectively. So far 324350(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 50 DMA.

BSE 166.10 2.10 (1.28%)
NSE 166.65 2.90 (1.77%)

***Note: This is a NSE Chart

 

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