Cox and Kings is trading higher by 4% at Rs 145, extending its Friday’s 5.5% rally, after reporting an over nine-fold jump in consolidated net profit at Rs 30.91 crore for the third quarter ended December, 2013 (Q3FY14).
The company had posted a consolidated net profit of Rs 3.33 crore for the corresponding period of previous fiscal, Cox & Kings said in a filing to BSE.
Consolidated income from operation increased to Rs 408 crore for the quarter under consideration as against Rs 357 crore for the same period year ago.
EBITDA or operating profit more than doubled to Rs 105 crore as compared to Rs 48 crore in Q3FY13.
The company anticipates a strong pickup in demand for travel sector in coming quarters from the international as well as domestic markets.
Peter Kerkar, director of Cox and Kings said the GDP of UK and Ireland is expected to grow by over two per cent in the next one year and this will benefit all our international operations.
The stock opened at Rs 141 and touched high of Rs 146 on the NSE. A combined 828,538 shares have already changed hands on the counter till 1000 hours, against an average sub 700,000 shares that were traded daily in past two weeks on the NSE and BSE.
The company had posted a consolidated net profit of Rs 3.33 crore for the corresponding period of previous fiscal, Cox & Kings said in a filing to BSE.
Consolidated income from operation increased to Rs 408 crore for the quarter under consideration as against Rs 357 crore for the same period year ago.
EBITDA or operating profit more than doubled to Rs 105 crore as compared to Rs 48 crore in Q3FY13.
The company anticipates a strong pickup in demand for travel sector in coming quarters from the international as well as domestic markets.
Peter Kerkar, director of Cox and Kings said the GDP of UK and Ireland is expected to grow by over two per cent in the next one year and this will benefit all our international operations.
The stock opened at Rs 141 and touched high of Rs 146 on the NSE. A combined 828,538 shares have already changed hands on the counter till 1000 hours, against an average sub 700,000 shares that were traded daily in past two weeks on the NSE and BSE.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%