Quarterly Results: Cox & Kings
Bhagyashree Vivarekar / 29 Nov 2016
Cox & Kings Ltd., is currently trading at Rs. 164.4, down by 4.35 points. The company's net profit for the period has come in 76.6% lesser yoy to Rs 27 cr.
Technical View:
Cox & Kings Ltd., is currently trading at Rs. 164.4, down by 4.35 points or 2.58% from its earlier closing of Rs. 168.75 on the BSE.
The scrip has touched a high and low of Rs. 166.3 and Rs. 159.1 respectively, after opening at 166.3. By far 324350(NSE+BSE) shares have been traded on the counter; and the stock is currently trading above its 50 DMA.
Consolidated Results Q2FY17:
Cox & Kings’ Q2FY17 consolidated numbers have come in prior to market hours.
Net-revenue for the quarter has surged 11.7% yoy to Rs 2,565 cr with a 19% yoy surge in leisure segment revenues.
Cox's EBITDA for the quarter has dropped 40.6% yoy to Rs 188 cr. A 20% yoy surge in operating expenses has led to a 647 bps shrinking in EBITDA margins to 7.3%, triggered by a 23% yoy upsurge in cost of tours and other expenses climbing up 38% yoy.
The company's net profit for the period has come in 76.6% lesser yoy to Rs 27 cr due to a 46% yoy drop in other income.
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