Leisure – India and Meininger segments drivequarterly growth
Mumbai, November 22,t 2015: Cox & Kings Ltd. the leading holidays and education travel group having operations in 23 countries across continents, today announced its financial results for Q2FY16.
Q2FY16 Highlights:
Consolidated
§ Net Revenue (like-to-like) up by 13% to Rs.685 crore as against Rs.605 crore in Q2FY15
§ EBITDA (excl. forex gain/loss) up by 13% (y-o-y) at Rs.318 crore as compared to Rs.281 crore in Q2FY15
§ PAT came in at Rs.118 crore as compared to a net loss of Rs.94 crore in the same period last year
Standalone
§ Net Revenue up by 15% to Rs.113 crore as against Rs.98 crore in Q2FY15
§ EBITDA up by 15 % to Rs.50 crore as against Rs.43 crore in the corresponding period last year
§ PAT increased by 29% to Rs.40 crore as against Rs.31crore in Q2FY15
H1FY16 Highlights
Consolidated excluding the discontinued operations of camping division
§ Net Sales up by 9% to Rs.1,369 crore as against Rs.1,253 crore in H1FY15
§ EBITDA (excl. forex gain/loss) up by 8% to Rs.651 crore as compared to Rs.604 crore in H1FY15
§ PAT came in at Rs.253 crore vis-a-vis Rs.34 crore (including Camping business) in the same period last year
Standalone
§ Net Sales up by 15% to Rs.301 crore as against Rs.261 crore in H1FY15
§ EBITDA (excl. forex gain/loss) for the quarter stood at Rs.166 crore compared to Rs.143 crore in the corresponding period last year
§ PAT was up 30% at Rs.118 crore as against Rs.91 crore in H1FY15
|
Net Revenue |
||||||
|
H1FY16 |
H1FY15 |
% growth |
Q2FY16 |
Q2FY15 |
% growth |
|
|
Leisure – India |
301 |
261 |
15% |
113 |
98 |
15% |
|
Leisure – International |
315 |
308 |
2% |
196 |
187 |
5% |
|
Education |
480 |
452 |
6% |
225 |
199 |
13% |
|
Meininger |
216 |
193 |
12% |
119 |
95 |
25% |
|
Others |
54 |
35 |
56% |
29 |
23 |
28% |
|
Total excl Camping Camping Camping) |
1,366 |
1,249 |
9% |
683 |
602 |
13% |
|
Camping |
– |
353 |
– |
263 |
||
|
Total incl Camping
|
1,366 |
1,602 |
683 |
865 |
||
|
EBITDA (excl. forex gain/loss) |
||||||
|
H1FY16 |
H1FY15 |
% growth |
Q2FY16 |
Q2FY15 |
% growth |
|
|
Leisure – India |
166 |
143 |
16% |
50 |
43 |
15% |
|
Leisure – International |
123 |
123 |
0% |
92 |
94 |
-2% |
|
Education |
276 |
268 |
3% |
124 |
114 |
8% |
|
Meininger |
105 |
94 |
12% |
62 |
49 |
28% |
|
Others |
(23) |
(23) |
-2% |
(9) |
(17) |
-44% |
|
Total excl Camping Camping Camping) |
648 |
605 |
7% |
318 |
284 |
12% |
|
Camping |
– |
201 |
– |
173 |
||
|
Total incl Camping
|
648 |
806 |
318 |
457 |
||
Management Comments:
Peter Kerkar, Director, Cox and Kings Ltd said , “It has been an eventful quarter for us as we continue to build on our business. As for the financial performance for the quarter, our company continues to do well with 13% growth in revenues and 13% growth in EBITDA. Leisure – India, Education and Meininger continue to be our key growth drivers.’’
He further added, “Going forward we will continue to build on our strengths to push accelerated growth. The outlook of the industry looks buoyant and tourism domestic or international is expected to growth at good pace, which augurs well for us.”
Awards and Recognition
(1) Urrshila Kerkar, Executive Director, Cox & Kings won the Game Changer of the Year Award for 2015
(2) Winnner of Asia’s luxury tour operator at the World Travel Awards in Hong Kong.
(3) Winner of India’s leading tour operator at the World Travel Awards in Hong Kong.
(4) Winner of India’s leading travel agency at the World Travel Awards in Hong Kong.
(5) Deccan Odyssey, the luxury train managed and operated by Cox & Kings wins Asia’s leading Luxury Train award at the World Travel Awards in Hong Kong.
(6) Winner of the Best Outbound Tour Operator in India at the 11th Hospitality and Explore the World International Awards in New Delhi.
(7) Winner of the Best Domestic Tour Operator in India at the 11th Hospitality and Explore the World International Awards in New Delhi.
Corporate Comm India(CCI Newswire)
