Cox & Kings Ltd., the leading holidays and education travel group having operations in 22 countries, today announced its financial results for the quarter ended September 30th, 2017.
Q2FY18 Highlights:
Consolidated (continuing operations only):
Net revenues came in at Rs.668 crores as against Rs.597 crores in Q2 FY17
EBITDA (excluding foreign exchange gains/losses) came in at Rs.298 crores
Profit before tax was up 133% y-o-y at Rs.269 crores
Profit after tax was up 511% y-o-y at Rs.167 crores
Peter Kerkar, Group CEO, Cox and Kings Ltd., said, “All our businesses reported strong organic top-line growth, with standout performances from Leisure – India and Meininger. New hotel occupancy and rates at Meininger are even better than we had anticipated. We continue to back our individual divisions to grow organically at market-leading rates.”
