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Cox & Kings Profit Rises in First Quarter, Margin Shrinks
Net profit for the April-June period grew to Rs 152.8 crore from Rs 134.5 crore in the corresponding quarter of the previous year.
30 Aug 2016, 11:19 PM IST 
Travellers remove items from overweight luggage as they prepare for a flight to Nagpur, India (Photographer: Chris Rank/Bloomberg)
Travel company Cox & Kings Ltd. posted a 13.6 percent growth in profit for the first quarter of financial year 2017, beating street estimates.
Net profit for the April-June period grew to Rs 152.8 crore from Rs 134.5 crore in the corresponding quarter of the previous year, it said in an stock exchange filing. The consensus of analyst estimates tracked by Bloomberg stood at Rs 150.7 crore.
Revenue for the quarter-ended June declined 2.8 percent to Rs 2,062.5 crore from Rs 2,122.7 crore in the same quarter last year.
Earnings before interest, taxes, depreciation and amortisation decreased 6.1 percent to Rs 315.7 against Rs 336.3 crore year-on-year. The EBITDA margin contracted 50 basis points to 15.2 percent from 15.8 percent on a yearly basis.
