Cox&Kings Net Profit rises 21%

cox & kings limitedCox & Kings Ltd, the leading holidays and education travel group having operations in 22 countries, today announced impressive revenue growth of 16% y-o-y and adjusted net profit growth of 21% y-o-y for the half year ended September 30th, 2018.

Q2FY19 Highlights:

• Net revenues came in at 754 crores, an impressive growth of 16.2% yoy in Q21Y19 excluding the foreign exchange business which has been demerged into a separate company, Cox & Kings Financial Service Limited.

EBITDA (excluding foreign exchange gains/losses) came in at 296 crores.

• Profit after tax excluding exceptional items and foreign exchange gain / (loss) grew by 3% y-o-y to 121 crores.

H1FY19 Highlights

• Net revenues were up 15.9% y-o-y at 1,544 crores excluding the foreign exchange business

• EBITDA(excluding foreign exchange gains/losses) came in at 669 crores, a growth of 8.4% y-o-y despite investments in the India business and higher expenses due to rapid expansion in Meininger bed capacity.

• Profit before tax excluding exceptional items and foreign exchange gain / (loss) grew by 11% y-o-y to 539 crores.

• Profit after tax excluding exceptional items and foreign exchange gain / (loss) was up 21% at 274 crores.