Cox & Kings Limited, one of the oldest established tours and travel firm in the world which is headquartered in India, posted their quarterly financial report for the June-end quarter of the current fiscal year with a consolidated net profit of Rs. 136.85 crores, resulting in a 35% drop in profit levels as compared to Rs. 210.95 crores earned during the corresponding period of the previous year.

Although the company reported a 14.4% increase in consolidated revenue at Rs. 2183.92 crores earned in the quarter under review as against Rs. 1908.12 crores amounted in the previous year same quarter period.

The company reported the total revenue and profit from standalone operations at Rs. 1003 crores, and Rs. 91.27 crores respectively. The standalone revenue of the company jumped by 9.1% and profit by a mere 3% as compared to the same quarter period of the previous fiscal year.

The EBITDA also dropped by 20.2% year-on-year basis to Rs. 297.9 crores in the quarter under review.

The company’s CEO quoted that, “We had a great start to 2018-19. The India travel business was driven by strong growth in our retail segment. The demerger process of forex division is entering the last phase.”

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