Travel company Cox & Kings (CKL) today posted a net loss of Rs 7.56 crore for the quarter ended December 31.
In the year ago period, the company had posted a net profit of Rs 27.41 crore in the corresponding quarter of last year.
The results for the quarter are not comparable with that of the same period previous fiscal due to the acquisition of Holidaybreak Plc during the second quarter of the fiscal, CKL said in a statement.
"Holidaybreak has seasonal businesses and generally the October-March period is off-peak season. Historically its peak earnings are in the April-September period and its results are in line with trading expectations," Cox & Kings Director Peter Kerkar said.
The income for the period stood at Rs 284.62 crore as compared to Rs 108.31 crore for the year ago period.