Cox & Kings slumps after reporting reverse turnaround in Q4 results

Cox & Kings slumped 10.08% to Rs 156.60 at 12:30 IST on BSE after the company reported consolidated net loss of Rs 305.53 crore in Q4 March 2016 compared with consolidated net profit of Rs 64.56 crore in Q4 March 2015.

The result was announced after market hours on Friday, 20 May 2016.

Meanwhile, the BSE Sensex was up 16.81 points, or 0.07%, to 25,318.71.

On BSE, so far 88,645 shares were traded in the counter, compared with an average volume of 67,484 shares in the past one quarter. The stock hit a high of Rs 171.95 and a low of Rs 156.10 so far during the day. The stock hit a 52-week high of Rs 317 on 5 August 2015. The stock hit a 52-week low of Rs 140.50 on 17 February 2016. The stock had underperformed the market over the past one month till 20 May 2016, falling 8.34% compared with Sensex's 2.1% fall. The scrip had, however, outperformed the market in past one quarter, rising 10.15% as against Sensex's 6.72% rise.

The mid-cap company has an equity capital of Rs 84.66 crore. Face value per share is Rs 5.

Cox & Kings' total income fell 3.86% to Rs 482.71 crore in Q4 March 2016 over Q4 March 2015.

Cox & Kings said that the board of directors recommended a dividend of Re 1 per share for the year ended 31 March 2016 (FY 2016).

Cox & Kings is one of the longest established travel companies in the world since 1758. Headquartered in India, it is the leading holidays and education travel group with operations in 22 countries across 4 continents.

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