Mumbai, August 19, 2017: Cox & Kings Ltd., the leading holidays and education travel group having operations in 22 countries, today announced its financial results for the first quarter ended June 30th, 2017.
Q1 FY18 Highlights:
Consolidated:
§Net revenues rose to Rs.706 crores, despite a 14% y-o-y fall in the GBP versus the INR in Q1 FY18, while EBITDA (excluding forex gain/loss) came in at a healthy Rs.339 crores
§Meininger saw gross revenues grow by 24% y-o-y in Q1 FY18 on substantial bed capacity addition
§Interest costs fell by 16% y-o-y in Q1 FY18 on lower average indebtedness
§Profit before tax rose 33% y-o-y to Rs.311 crores, despite the unfavorable GBP/INR
§Profit after tax rose by 40% y-o-y to Rs.152 crores
Standalone
§Net revenues rose up by 13% y-o-y to Rs.252 crores in Q1 FY18, while EBITDA rose to Rs.142 crores
Consolidated segmental results
|
(Figures in INR Cr) |
Net revenues |
EBITDA |
||
|
Q1FY18 |
Q1FY17 |
Q1FY18 |
Q1FY17 |
|
|
Leisure – India |
252 |
224 |
142 |
138 |
|
Leisure – International |
53 |
67 |
14 |
14 |
|
Education |
226 |
262 |
133 |
159 |
|
Meininger |
129 |
111 |
49 |
50 |
|
Others |
45 |
38 |
1 |
(4) |
|
Total |
706 |
702 |
339 |
35 |
Management Comments:
Peter Kerkar, Group CEO, Cox and Kings Ltd., said, “We demonstrated margin leadership across our businesses yet again. India continued to grow its bottom line despite regulatory changes. Meininger grew rapidly during the quarter and we are targeting substantial new capacity addition over the next 12-18 months. We continue to build scale and widen our lead over the competition in the Education business. We remain committed to keeping overall margins healthy, while maintaining a lean balance sheet.”
Corporate Comm India(CCI Newswire)
