Mumbai, May 23, 2016: Cox & Kings Ltd. the leading holidays and education travel group having operations in 26 countries across continents, today announced its financial results for the fourth quarter and full year ended March 31st, 2016
Q4FY16 Highlights:
Consolidated (continuing consolidated opertations only):
§ Net Revenues decreased by 4% to Rs.472 crores in Q4FY16, as against Rs. 493 crores in Q4FY15
§ EBITDA (excl. forex gain/loss) increased by 4% to 58 crores in Q4FY16, as against Rs. 56 crores in Q4FY15
Standalone
§ Revenues stood at Rs. 111 crores in Q4FY16 as against Rs 102 crores in Q4FY15
§ EBITDA (excl forex gain/loss) for the quarter decreased by 8% to Rs. 35 crores as against Rs. 38 crores in the corresponding period last year
§ PAT stood at Rs. 26 crores as against Rs.12 crores in Q4FY15
FY 16 Highlights:
Consolidated (continuing consolidated opertations only):
§ Revenues increased by 7% to Rs. 2,035 crores as against Rs 1,904 crores in the corresponding period last year
§ EBITDA (excl. forex gain/loss) increased by 11% to Rs. 824 crores as against Rs 742 crores in the corresponding period last year
Standalone
§ Revenues up by 13 % to Rs.543 crores as against Rs 481 crores in FY16
§ EBITDA (excl. forex gain/loss) for the year stood at Rs. 263 crores as against Rs. 236 crores in last year
Management Comments:
Peter Kerkar, Director, Cox and Kings Ltd said, “This year we focussed on re-aligning the businesses. We have sharpened our focus on our core businesses which have robust revenues and profitability.”
Corporate Comm India (CCI Newswire)
