Cox & Kings has registered a net profit growth of over 151% to Rs. 369 crores for the full year ended March 31st 2018. According to the company, net revenues stood at Rs. 2,399 crores grew by 10.1 per cent y-o-y as compared to Rs.2,179 crores in FY17. The company made significant investments across businesses for upgradation of some campuses in PGL and beefing up management bandwidth to support expansion in Meininger bed capacity from 8,350 in FY17 to 25,000 in FY22.
For Q4 FY18, the company registered a consolidated net revenue growth of 15.5 per cent y-o-y to Rs. 532 crores in Q4FY18 compared to Rs. 461 crores in Q4FY17 driven by strong growth in India travel business and Meininger hotels.
Peter Kerkar, Group CEO, Cox and Kings Ltd., said, “This year has seen impressive revenue growth across all our businesses. It is extremely satisfying to see the acceleration in India travel business despite intense competition in the industry. Meininger hotels continued to deliver on our guidance and the Education business bounced back strongly. We are glad that CKFSL has obtained the NBFC license. We remain optimistic on FY19 as we have had a positive start to the year with good bookings across all our businesses.”
