Cox & Kings Ltd: Result Update Q3FY19
Cox & Kings Ltd, a leading travel player in India has announced its Q3 FY 2018-19 results today when the market closed.
The Company’s income from operations, on a standalone basis stood at INR 585.93 Cr for the quarter ended 31 December 2018 as against INR 534.74 Cr same period last year, up by 9.57% year-on-year basis. The Company’s revenues were INR 643.47 Cr for Q2 FY 2018-19, a dip of 8.94% QoQ basis.
The Company’s consolidated revenue grew by 15.82 percent YoY to INR 1298.91 Cr, the same was which stood at INR 1121.46 Cr last year.
Total expenses for the quarter under review stood at INR 592.12 Cr versus INR 523.16 Cr, increased by 13.18% YoY basis.
The Company has registered a net profit of INR 23.22 Cr for the October to December ’18 period vs INR 33.80 Cr a period one year ago, decreased by 31.31% YoY basis, while the QoQ profit also declined by 42.32% ( INR 40.25 Cr for Q2 FY 2018-19 )
The Company’s EPS (basis) was INR 1.31 as against INR 1.91 YoY.
About Cox & Kings
Cox & Kings Ltd is a leading travel player in India as well as the longest established travel company in the world.
History:
Cox & Kings (India) Ltd was incorporated on June 7, 1939 with the name Eastern Carrying Company Ltd.
In February 23, 1950, the name of the company was changed to Cox and Kings (India) Ltd. In the year 1980, the company acquired the Indian business of Cox & Kings (Agents) Ltd.
Business:
The Company’s business can be broadly categorised as Leisure Travel, Corporate Travel, Forex and Visa Processing.
In addition to this, the company also provides value added services such as customising travel plans for the NRI customers, travel arrangements for Trade Fairs, providing private air charter services, etc.
Besides, they offer travel related foreign exchange & payment solutions.
Business Operations:
The Company’s Indian operation is headquartered in Mumbai and has the status of a limited company. It has over 12 fully owned offices in India across key cities such as Ahmedabad, Bangalore, Chennai, Hyderabad, Kolkata, Kochi, New Delhi, Pune, Goa, Nagpur and Jaipur.
The Company’s worldwide offices are located in UK, USA, Japan, Russia, Singapore and Dubai. It has associate offices in Germany, Italy, Spain, South Africa, Sweden and Australia.
Network:
The Company are having 255 points of presence covering 164 locations through a mix of branch sales offices, franchised sales shops, General Sales Agents (GSAs) and Preferred Sales Agents (PSAs).
Stock Price Movement
The stock ended more than 0.60% or roughly Rs. 1 higher to INR 154 on NSE when the market closed on Thursday! During October to December ’18 quarter, the share prices of Cox & Kings has made a low of INR 134 and high of INR 215
Cox & Kings on Technical Charts
The stock prices of Cox & Kings is trading 19.79% lower when compared to its 200 EMA (192) and trading 5.52% lower when compared to its 50 EMA (163)
Average Return
The stock has given -28.04% returns over the past 6 months and -39.68% returns over the last 12 months.
Cox & Kings Ltd current market cap is more than INR 2700 Cr and trading at a PE ratio of 14
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