Cox & Kings Q2 net profit at Rs.167 crores

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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.”