Cox
& Kings Limited (“CNK”), the leading specialist Holidays and
Education Travel Group having operations in 26 countries across
continents, reported its financial results for the second quarter of
fiscal year FY13, which is three months ending September 30, 2012.
Highlights:
Consolidated
Income from Operations increased by 404% y-o-y to Rs 6890mn in Q2FY13
and EBITDA (excl. forex gain/loss) increased by 612% y-o-y to Rs3872mn.
PBT (before share of associates) increased by 457% y-o-y in Q2FY13 to INR 2367mn and PAT increased by 438% y-o-y to Rs1476mn
Earnings per share increased from Rs 2.01 in Q2FY12 to Rs10.03 in Q2FY13.
Standalone
Income from Operations increased by 43% y-o-y to INR 778mn in Q2FY13 and
EBITDA (excl. forex gain/loss) increased by 69% y-o-y to INR 350mn.
PBT decreased by 74% y-o-y in Q2FY13 to INR 46mn and PAT decreased by 87% y-o-y to INR 16mn.
Post Holidaybreak acquisition, Cox & Kings now operates across
three major travel categories – Leisure Tours, Education Travel and
Camping Holidays. FY13 would be the first full year of consolidating
Holidaybreak Ltd. Below is a breakup of the revenue and EBITDA for Q1
FY13 across the three travel categories –
Commenting on the results for the three months ending 30th September 2012,
Peter Kerkar, Director, Cox & Kings Limited
said, I am extremely pleased with the results for this quarter. Our
performance in the leisure category, is robust with India continuing to
register strong growth and the education business has also delivered
robust performance. Our student accommodation brand, Meininger, though
not being consolidated into our results in FY13, continues to record
good YoY growth in the European markets. The Camping business gave a
resilient performance.
