Yesterday Tour and travel firm Cox & Kings declared its quarter result after the market closed. The company had reported 23.67 percent decline in consolidated net profit to Rs 108.07 crore for the first quarter ended June 30, 2016-17. The company had also posted a net profit after taxes, minority interest and share of profit of associates of Rs 141.60 crore for the corresponding period of the previous financial year. Consolidated total income from operations also dipped to Rs 2,065.12 crore for the first quarter of the current financial year as against Rs 2,131.80 crore for the same period of 2015-16. The effect of the declining values of the Quarter will be seen on Cox and Kings Share Price after the market opens for trade today.
The standalone profit after tax of Cox and Kings have however increased to Rs. 90.66 from Rs. 77.64 in the same quarter last financial year. As per June 2016 declaration of shareholding pattern, the company has floated 17.62 crores shares from which Indian promoters own 35.96% shares and foreign promoters hold 15.39% stakes. Institution holding is 33.06% where most stakeholders are foreign institutions with 31.33% stakes and domestic institutions hold only 1.73% stakes. The remaining 15.59% shares are held by other non-institution entities.
Yesterday, Cox and Kings share price closed with a dip of 0.95% at Rs. 193.90. A total of 7,74,601 shares were traded over the NSE counter in yesterday’s trade. The scrip had touched the intraday high and low of Rs. 199.50 and the low of 192.55. For details of Cox and Kings Check Cox and Kings share price history page of Dynamic Levels website.
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