Cox & Kings Q3 net up 19% to Rs 23 cr

Travel and tours operator Cox & Kings today said its consolidated net profit rose by 19.39% to Rs 23.02 crore for the third quarter ended December 31, 2010, over the same period previous fiscal.

The company had a net profit of Rs 19.28 crore for the same period last fiscal, Cox & Kings said in a filing to the Bombay Stock Exchange (BSE).

The company's income from operations rose to Rs 108.31 crore for the third quarter ended December 31, 2010, compared to Rs 78.89 crore in the same period last fiscal.

"We have witnessed growth in all the segments of business that we currently operate in and this is reflected in a 37 per cent increase in our revenues this quarter.The travel industry has been growing quite significantly and we believe that we are poised to capitalise on this growth," Cox & Kings Director Peter Kerkar said.

Shares of Cox & Kings today closed at Rs 414.05 on BSE, down 5.74% from its previous close.