Cox&Kings Q4 PAT up 10 pc

Travel company Cox & Kings registered a 10 per cent growth at Rs 46.67 crore in its consolidated profit after tax.

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Travel company Cox & Kings today registered a 10 per cent growth at Rs 46.67 crore (after excluding exceptional gain) in its consolidated profit after tax (PAT) for the quarter ended March 31,compared to the same quarter last fiscal.

The Q4 PAT for FY10 stood at Rs 42.60 crore,Cox & Kings said in a release issued here.

The consolidated income from operations for Q4 FY11 grew by 16 per cent to Rs 158.75 crore,as compared to Rs 136.92 crore posted in the same period of last fiscal year.

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Our results are in line with our expectations and we have registered a healthy growth,both in income from operations and EBITDA, Cox & Kings Director Peter Kerkar said.

The consolidated PAT (after excluding effect of exceptional gain) for the year ended March 31,grew by 13 per cent to Rs 120.30 crore compared to Rs 106.43 crore in the corresponding period of the last fiscal year.

Similarly,the consolidated income from operations for FY11 rose by 24 per cent to Rs 496.74 crore,against Rs 399.15 crore posted in the last fiscal year.

Cox & Kings operates in 20 countries. The India-headquartered firm has 13 branch sales offices in India and it has appointed over 150 franchisees across 20 states covering 70 cities.