Key Financials

Notes :

a) The above is an extract of the detailed format of the Statement of Financial Results filed with the Stock Exchange under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Statement of Financial Results and this extract were reviewed by the Audit Committee and approved by the Board of Directors of the Company at the meeting(s) held on 20th April, 2023. The Statutory Auditors of the Company, M/s Deloitte Haskins & Sells LLP, has issued report with unmodified opinion on audit of annual financial results for year ended 31st March, 2023 and review of quarterly financial results for quarter ended 31st March, 2023. The full format of the Statement of Financial Results are available on the Company's website (www.internationaltravelhouse.in) and on the website of BSE Limited (www.bseindia.com).

b) The Board of Directors of the Company has recommended a Final dividend of ₹ 3.5 per equity share of ₹10 /- each for the financial year ended 31st March, 2023 and dividend, if declared, will be paid to those members entitled thereto.

Notes :

A - The Financial Results and the notes thereon were reviewed by the Audit Committee and approved by the Board of Directors of the Company at the meeting(s) held on 20th April, 2023.

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

C - The figures for the 3 months ended 31st March, 2023 and corresponding 3 months ended 31st March, 2022 are the balancing figures between the audited figures in respect of the full financial year and the year to date figures up to the third quarter of the respective financial year.

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

E - 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.

F - The Company has carried forward tax losses and other temporary taxable differences in accordance with the provisions of the Income Tax Act, 1961 for which no deferred tax asset was recognised in the earlier years mainly due to the losses and the uncertainty arising out of Covid – 19 pandemic.
During the quarter ended 31st March 2023, the Company has reassessed and recognised deferred tax assets (net) of INR 1,022.14 Lakhs on such carried forward tax losses and other temporary taxable differences with a corresponding credit in Statement of profit and loss.
Such deferred tax assets (net) have been recognised in line with Ind AS -12 ‘Income Taxes’ considering Company’s current year performance as well as considering the Company’s assessment that sufficient future taxable profit will be available against which such carried forward tax losses and other temporary taxable differences can be utilised in future years.
Pursuant to the aforesaid one-time credit, total comprehensive income is higher by INR 1,022.14 lakhs for the quarter and year ended 31st March 2023.

G - The Board of Directors of the Company has recommended a Final dividend of ₹ 3.5 per equity share of ₹10 /- each for the financial year ended 31st March, 2023 and dividend, if declared, will be paid to those members entitled thereto.

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

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