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Leisure and education travel firm Cox & Kings posted a lower net profit of about Rs 135 crore on a consolidated basis for the quarter ended June 30, 2013 as against a net profit of Rs 147 crore in the year-ago period.
The consolidated total income however rose to Rs 586.18 crore for the current quarter from about Rs 532 crore for the same period last year.
Peter Kerkar, Director, Cox & Kings, said, “The India business has seen robust growth. The Education business has seen a healthy performance with strong forward bookings for both FY14 and even FY15.”
He further added, “In the Indian markets, we believe that the demand for holiday packages will continue to grow, be it domestic or outbound holidays. We have seen a growing demand for packaged holidays and we are upbeat for the remaining quarters as well.”
Cox & Kings operates across four continents and 25 countries. In India, the firm has 12 branch sales offices and 150 franchisee located across the country.
Shares of Cox & Kings closed at Rs 108.65, up 5.69 per cent, at the BSE on Wednesday.
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