Cox & Kings derails after weak Q1FY17

Cox & Kings has declared its Q1FY17 results on Wednesday. The company’s revenue has decreased by 3.13 per cent to Rs 2065 crore in Q1FY17 as compared to same period in previous financial year. Its EBITDA too has reduced by 6.13 per cent to Rs 316 crore in Q1FY17 on a yearly basis. Cox & Kings’ EBITDA margin has contracted by 47 basis points to 15.3 per cent in Q1FY17 as compared to same period in previous fiscal.

The company’s net profit also has dropped by 23.68 per cent to Rs 108 crore in Q1FY17 on a yearly basis. Its net profit margin has contracted by 141 basis points to 5.23 per cent in Q1FY17 as compared to same period in previous financial year.

On the segmental revenue front, Cox & Kings has earned 41.12 per cent from Leisure, 37.54 per cent from Education, 15.9 per cent from Meininger and 5.44 per cent from others during Q1FY17.

The share price of Cox & Kings has declined by 3.13 per cent on bourses in early trades; and is trading at Rs 189.15 on an intraday basis.

Cox & Kings is engaged in tour and travel activities. It operates a range of group and individual tours to destinations throughout the Indian subcontinent for clients from all over the world. Its outbound tourism includes Duniya Dekho, FlexiHols, Luxury Escapes, and NRI division.