Cox & Kings surges by 8 per cent on a 530 per cent hike in PAT in Q3FY18

The share price of Cox & Kings surged by over 8 per cent on the bourses in Thursday’s trade session following the announcement of its financial results for the third quarter of the fiscal year 2018 on Wednesday. The company posted a sharp surge of over 530 per cent in its profit after tax for the corresponding quarter, on a year-on-year basis.  

The net revenue of the company increased by 18 per cent to Rs. 493 crore for the third quarter of the fiscal year 2018. The Industry leading EBITDA of the company grew by 30.8 per cent during the corresponding period, up by 300 bps. The net profit of the company grew massively, increasing by six-folds to Rs. 96 crore for the period, on the back of margin expansion.  

The stock had hit its 52-week high of Rs. 305.50 per share on July 27, 2017 and its 52-week low of Rs. 184.10 per share on March 9, 2017 on BSE, respectively. The stock hit an intraday high of Rs. 273 per share and an intraday low of Rs. 257.65 per share on BSE on Thursday. At 1056 hours IST, it was trading at Rs. 259.30 per share, higher by 2.86 per cent on BSE.