Key Financials

INTERNATIONAL TRAVEL HOUSE LIMITED
Extract of Unaudited Financial Results for the Quarter and Nine Months ended 31st December, 2020
(₹. in Lakhs)
Sl. No. Particulars 3 Months ended 31.12.2020 9 Months ended 31.12.2020 Corresponding
3 Months ended 31.12.2019
1 Total Income from Operations 1719.55 4053.28 5692.86
2 Net Profit / (Loss) for the period (before tax and Exceptional items) (1063.73) (3835.96) (169.08)
3 Net Profit / (Loss) for the period before tax (after Exceptional items) (1063.73) (3835.96) (169.08)
4 Net Profit / (Loss) for the period after tax (after Exceptional items) (1063.73) (3835.96) (126.05)
5 Total Comprehensive Income for the period [Comprising Profit / (Loss) for the period (after tax) and Other Comprehensive Income (after tax)]  (1062.23) (3809.62) (134.96)
6 Equity Share Capital  799.45 799.45 799.45
7 Earnings Per Share (of ₹10/- each) (not annualised)      
  1. Basic (₹) : (13.38) (47.98) (1.58)
  2. Diluted (₹) : (13.38) (47.98) (1.58)

Notes :

a) The above is an extract of the detailed format of the Statement of Unaudited Financial Results filed with the Stock Exchange under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Statement of Unaudited Financial Results and this extract were reviewed by the Audit Committee and approved by the Board of Directors of the Company at the meeting held on 14th October, 2020. The full format of the Statement of Unaudited Financial Results are available on the Company's website (www.internationaltravelhouse.in) and on the website of BSE Limited (www.bseindia.com).

b) The Limited Review, as required under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 has been completed and the related Report does not have any impact on the above 'Results and Notes' for the Quarter ended Nine Months ended 31st December, 2020 which needs to be explained.

Registered Office :
'Travel House', T-2, Community Centre, Sheikh Sarai,
Phase-1, New Delhi - 110017, India
Dated : 16th January, 2021
Place : Gurugram

For and on behalf of the Board

Bhagwateshwaran Hariharan
Managing Director
Mohit Aggarwal
Chief Financial Officer

 

Website: www.internationaltravelhouse.in | E-mail: travelhouse@ith.co.in | Phone: +91-11-26017808 | CIN: L63040DL1981PLC011941

INTERNATIONAL TRAVEL HOUSE LIMITED
Statement of Unaudited Financial Results for the Quarter and Nine Months ended 31st December, 2020
(₹. in Lakhs)
Particulars   3 Months ended 31.12.2020 Corresponding
3 Months ended 31.12.2019
Preceding
3 Months ended 30.09.2020
9 Months ended 31.12.2020 9 Months ended 31.12.2019 Twelve Months ended 31.03.2020
    (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited)
a) Revenue from Operations (1) 1626.71 5685.59 1418.33 3860.41 16307.80 20,916.10
b) Other Income (2) 92.84 7.27 29.38 192.87 127.08 135.67
TOTAL INCOME (1+2) (3) 1719.55 5692.86 1447.71 4053.28 16434.88 21,051.77
EXPENSES              
a) Employee Benefits Expense   927.19 1424.86 1201.82 2300.52 2745.36 5,519.64
b) Finance Costs   4.64 22.48 5.46 15.42 42.53 47.91
c) Car Hire Charges   521.35 2431.94 340.31 1202.12 6871.57 8786.29
d) Service Charges   204.77 609.25 154.40 455.32 1788.08 2,153.06
e) Depreciation and Amortisation Expense   233.28 296.88 254.57 755.35 873.08 1,151.93
f) Other Expenses   898.05 1076.53 762.76 2233.32 3148.23 4,234.07
TOTAL EXPENSES (4) 2789.28 5861.94 2616.22 7889.24 16893.71 21,892.90
PROFIT / (LOSS) BEFORE TAX (3 - 4) (5) (1069.73) (169.08) (1168.51) (3835.96) (458.83) (841.13)
TAX EXPENSE (6)            
a) Current Tax   - - - - (18.76) (18.76)
b) Deferred Tax   - (43.03) - - (89.21) (81.29)
PROFIT / LOSS FOR THE PERIOD (5 - 6) (7) (1069.73) (126.05) (1168.51) (3835.96) (350.86) (741.08)
OTHER COMPERHENSIVE INCOME (8)            
a) Items that will not be reclassified to profit or loss   7.50 (11.91) 22.81 26.34 (87.72) (36.98)
b) Income Tax relating to items that will not be reclassified to profit or loss   - 3.00 - - 22.08 (120.94)
TOTAL COMPREHENSIVE INCOME (7+8) (9) (1062.23) (134.96) (1145.70) (3809.62) (416.50) (899.00)
PAID UP EQUITY SHARE CAPITAL   799.45 799.45 799.45 799.45 799.45 799.45
(Equity Shares of ₹10/- each)              
RESERVES EXCLUDING REVALUATION RESERVES             14,242.60
Earnings Per Share (of ₹10/- each) :              
(a) Basic (₹)   (13.38) (1.58) (14.61) (47.98) (4.39) (9.27)
(b) Diluted (₹)   (13.38) (1.58) (14.61) (47.98) (4.39) (9.27)

Notes :

A - The Unaudited Financial Results were reviewed by the Audit Committee and approved by the Board of Directors of the Company at the meeting held on 16th January, 2021.

B - Figures for the corresponding previous periods are re-arranged, wherever necessary, to conform to the figures of the current period.

C - The Company operates only in one segment i.e. 'Travel Related Services'.

D - The Company being in the service industry, the information as regards stock in trade, consumption of raw materials and purchase of traded goods is not applicable.

E - Due to the outbreak of the COVID-19 (Coronavirus Pandemic), the Government of India imposed a country wide lockdown and amongst other mailers, restrictions were also imposed on both air travel (domestic and international) and travel by cabs. Consequently, our operations have been disrupted and we were under almost complete shut down since the last fortnight of March, 2020. However, with phased removal of restrictions from travel by cabs and domestic air travel from June, 2020, the Company has gradually resumed its business operations.

COVID-19 pandemic has continued to adversely impact the Company's business. However, the Company has considered various internal and external sources of information available as on date of issuance of these results in determining the impact of COVID-19 in its tour and travel related services and accordingly, has reviewed its strategies and has initiated appropriate actions to deal with the current situation.

The management has factored the effect of the pandemic in determining the provision towards expected credit loss on its trade receivables, recoverability of other receivables and investments recognised at fair values. Further, based on the above assessment, the Company expects to recover the carrying amount of its trade receivables, other receivables and investment balances outstanding as at 30th September, 2020 and accordingly, no adjustment in the matter is required to be made in these results. However, the eventual outcome of the above coronavirus pandemic on the Company's tour and travel related services may be different from those estimated as on the date of approval of these results.

The management expects the business disruptions anticipated due to the pandemic to continue for sometime before business returns to normalcy or near normalcy and will continue to closely monitor any material changes in markets and future economic conditions.

F - The Company does not have any exceptional item to report for the above periods.

G - This statement is as per Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Limited Review
The Limited Review, as required under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 has been completed and the related Report does not have any impact on the above 'Results and Notes' for the Quarter and Nine Months ended 31st December, 2020 which needs to be explained.

Registered Office :
'Travel House', T-2, Community Centre, Sheikh Sarai,
Phase-1, New Delhi - 110017, India
Dated : 16th January, 2021
Place : Gurugram

For and on behalf of the Board

Bhagwateshwaran Hariharan
Managing Director
Mohit Aggarwal
Chief Financial Officer

 

Website: www.internationaltravelhouse.in | E-mail: travelhouse@ith.co.in | Phone: +91-11-26017808 | CIN: L63040DL1981PLC011941

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