Cox & Kings Sees Holiday Cheer In Q1
DSIJ Intelligence / 14 Aug 2013
The company's topline and bottomline zoomed up. Its margins also expanded by a huge margin as a result of the cost control measures it has undertaken.
Travel and leisure company Cox & Kings has come out with impressive set of numbers for Q1FY14 on August 14. The company's topline witnessed a growth of 16% on a YoY basis to come in at Rs 145.45 crore as against Rs 125.40 crore for the corresponding quarter last fiscal.
The EBITDA for the quarter stood at Rs 105.03 crore, marking a jump of 43.01%. The EBITDA margins expanded stupendously by 1364 basis points on a YoY basis to stand at 72.21%. Such exponential gains in the margins can be attributed to the cost control measures it has undertaken. For example, the advertising spends stood at 7.88% of the topline as against that of 10.53% a year earlier. Another factor to be considered is that the June quarter is typically a strong one for this industry for obvious reasons.
The bottomline shot up exponentially to stand at Rs 65.34 crore as against Rs 29.73 crore during Q1FY13. The results brought in positive vibes for the stock price, which closed the day with a gain of 4.18% at Rs 107 on the BSE. Further positive movement on the stock price cannot be ruled out in the coming sessions.
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