Mumbai: Shares of tour and travel firm Cox and Kings Ltd dipped nearly 14% on Monday after the company reported a consolidated net loss of ₹ 305.53 crore for the quarter ended 31 March.
Opening on a weak note, the stocks further slumped 13.98% to close at ₹ 149.80 on BSE. On NSE, shares of the company settled at ₹ 149.75, down 14.08%. Volume wise, 3.59 lakh shares of the company changed hands at BSE and over 21 lakh shares were traded at NSE during the day.
The company had posted a net profit of ₹ 64.56 crore for the January-March period of the previous fiscal year, Cox and Kings said in a BSE filing on 20 May. Consolidated total income from the operations stood at ₹ 470.96 crore for the quarter ended 31 March.
It was ₹ 409.61 crore in the year-ago period. According to the company, its result are not comparable as it has sold its camping division to France’s Homair Vacances. “Owing to sale of camping division on 11 September, 2014, the figures of the year are not comparable to corresponding figures of last year," the company said.
For the entire fiscal year, Cox and Kings consolidated net profit was at ₹ 53.93 crore. It had a net profit of ₹ 91.78 crore in 2014-15. Its consolidated total income from operations for the 2015-16 fiscal year was ₹ 2,351.91 crore. It was ₹ 2,569.09 crore in the previous fiscal year.