Key Financials

INTERNATIONAL TRAVEL HOUSE LIMITED
Extract of Financial Results for the Quarter and Twelve Months ended 31st March, 2022
(₹. in Lakhs)
Sl. No. Particulars 3 Months
ended
31.03.2022
12 Months
ended
31.03.2022
Corresponding
3 Months ended
31.03.2021
1 Total Income from Operations 2,799.84 9,651.10 2,162.38
2 Net Profit / (Loss) for the period (before tax and Exceptional items) (133.18) (1,069.65) (670.54)
3 Net Profit / (Loss) for the period before tax (after Exceptional items) (133.18) (1,069.65) (670.54)
4 Net Profit / (Loss) for the period after tax (after Exceptional items) (133.18) (1,069.65) (670.54)
5 Total Comprehensive Income for the period [Comprising Profit / (Loss) for the period (after tax) and Other Comprehensive Income (after tax)]  (116.29) (1,017.73) (691.65)
6 Equity Share Capital  799.45 799.45 799.45
7 Earnings Per Share (of ₹10/- each) (not annualised)      
  1. Basic (₹) : (1.67) (13.38) (8.39)
  2. Diluted (₹) : (1.67) (13.38) (8.39)

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 held on 26th April, 2022. 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, 2022 and review of quarterly financial results for quarter ended 31st March, 2022.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).

Registered Office :
'Travel House', T-2, Community Centre, Sheikh Sarai,
Phase-1, New Delhi - 110017, India
Dated : 26th April, 2022
Place : New Delhi

For and on behalf of the Board

Sd/- Sd/-
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 Financial Results for the Quarter and Twelve Months ended 31st March, 2022
(₹. in Lakhs)
Particulars   3 Months
ended
31.03.2022
Corresponding
3 Months
ended
31.03.2021
Preceding
3 Months
ended
31.12.2021
12 Months
ended
31.03.2022
12 Months
ended
31.03.2021
    (Unaudited) (Unaudited) (Unaudited) (Audited) (Audited)
a) Revenue from Operations (1) 2,753.19 2,078.44 3,228.43 9,420.87 5,938.85
b) Other Income (2) 46.65 83.94 46.40 230.23 276.81
TOTAL INCOME (1+2) (3) 2,799.84 2,162.38 3,274.83 9,651.10 6,215.66
EXPENSES            
a) Employee Benefits Expense   858.55 751.26 710.24 3,143.52 3,978.97
b) Finance Costs   1.14 4.64 3.71 9.06 1 5.42
c) Car Hire Charges   1,077.12 785.60 1,362.43 3,850.02 1,987.72
d) Service Charges   155.04 165.59 174.61 596.43 620.91
e) Depreciation and Amortisation Expense   128.91 196.09 139.16 626.92 951.44
f) Other Expenses   712.26 930.15 667.16 2,493.66 3,163.47
TOTAL EXPENSES (4) 2,933.02 2,832.92 3,054.77 10,720.75 10,722.16
PROFIT / (LOSS) BEFORE TAX (3 - 4) (5) (133.18) (670.54) 220.06 (1,069.65) (4,506.50)
TAX EXPENSE (6)          
a) Current Tax   - - - - -
b) Deferred Tax   - - - - -
PROFIT / LOSS FOR THE PERIOD (5 - 6) (7) (133.18) (670.54) 220.06 (1,069.65) (4,506.50)
OTHER COMPERHENSIVE INCOME (8)          
a) Items that will not be reclassified to profit or loss   16.89 (21.11) 27.23 51.92 5.23
b) Income Tax relating to items that will not be reclassified to profit or loss   - - - - -
TOTAL COMPREHENSIVE INCOME (7+8) (9) (116.29) (691.65) 247.29 (1,017.73) (4,501.27)
PAID UP EQUITY SHARE CAPITAL   799.45 799.45 799.45 799.45 799.45
(Equity Shares of ₹10/- each)            
RESERVES EXCLUDING REVALUATION RESERVES         8 ,723.60 9,741.33
Earnings Per Share (of ₹10/- each) :            
(a) Basic (₹)   (1.67) (8.39) 2.75 (13.38) (56.37)
(b) Diluted (₹)   (1.67) (8.39) 2.75 (13.38) (56.37)

Notes :

A - The Financial Results and notes thereon were reviewed by the Audit Committee and approved by the Board of Directors of the Company at the meeting held on 26th April, 2022.

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, 2022 and corresponding 3 months ended 31st March, 2021 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 - During the ongoing COVID-19 pandemic, various State Governments imposed lockdowns and travel restrictions. The restrictions on International air travel imposed since March, 2020 were lifted from 27th March, 2022. Consequently, our operations continued to be disrupted.

COVID-19 pandemic continues 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 on 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 and recoverability of other receivables. Further, based on the above assessment, the Company expects to recover the carrying amount of its trade receivables and other receivables outstanding as at 31st March, 2022 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 and will continue to closely monitor any material changes in markets and future economic conditions.

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

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

Registered Office :
'Travel House', T-2, Community Centre, Sheikh Sarai,
Phase-1, New Delhi - 110017, India
Dated : 26th April, 2022
Place : New Delhi

For and on behalf of the Board

Sd/- Sd/-
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
(₹. in Lakhs)
BALANCE SHEET
Particulars   As at current year ended 31.03.2022
(Audited))
As at previous year ended 31.03.2021
(Audited)
A ASSETS    
1 NON-CURRENT ASSETS    
  (a) Property, Plant and Equipment 1,763.47 2,261.98
  (b) Capital Work-in-progress - 33.13
  (c) Intangible Assets 61.75 95.02
  (d) Intangible Assets Under Development 76.42 -
  (e) Right-of-Use Assets 42.29 182.50
  (f) Financial Assets    
  (i) Investment - -
  (ii) Others Financial Assets 4.90 4.80
  (g) Income Tax Assets (Net) 1,280.87 1,112.74
  (h) Other Non-Current Assets 44.36 49.87
  Non - Current Assets 3,274.06 3,740.04
2 CURRENT ASSETS    
  (a) Financial Assets    
  (i) Investments 2,994.10 3,513.67
  (ii) Trade Receivables 4,748.42 3,069.81
  (ii) Cash and Cash Equivalents 614.99 412.68
  (iv) Other Bank Balances 1,053.01 2,547.18
  (v) Loans - -
  (vi) Other Financial Assets 284.75 369.16
  (b) Other Current Assets 384.37 391.42
  Current Assets 10,079.64 10,303.92
  TOTAL ASSETS 13,353.70 14,043.96
B EQUITY AND LIABILITIES    
  EQUITY    
  (a) Equity Share Capital 799.45 799.45
  (b) Other Equity 8,723.60 9,741.33
  Equity 9,523.05 10,540.78
  LIABILITIES    
1 NON-CURRENT LIABILITIES    
  (a) Financial Liabilities    
  (i) Lease Liabilities 25.79 101.59
  (ii) Trade Payables    
  Total outstanding dues of creditors other than micro enterprises and small enterprises 31.96 18.23
  (b) Provisions 130.98 169.44
  Non-Current Liabilities 188.73 289.26
2 CURRENT LIABILITIES    
  (a) Financial Liabilities    
  (i) Lease Liabilities 23.18 105.23
  (ii) Trade Payables    
  Total outstanding dues of micro enterprises and small enterprises 298.48 63.67
  Total outstanding dues of creditors other than micro enterprises and small enterprises 2,501.30 1,955.73
  (ii) Other Financial Liabilities 82.24 96.26
  (b) Other Current Liabilities 612.52 849.44
  (c) Provisions 84.48 103.87
  (d) Current Tax Liabilities (Net) 39.72 39.72
  Current Liabilities 3,641.92 3,213.92
  TOTAL EQUITY AND LIABILITIES 13,353.70 14,043.96

Registered Office :
'Travel House', T-2, Community Centre, Sheikh Sarai,
Phase-1, New Delhi - 110017, India
Dated : 26th April, 2022
Place : New Delhi

For and on behalf of the Board

Sd/- Sd/-
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
Cash Flow Statement (₹. in Lakhs)
  Particulars Current year ended
31.03.2022
(Audited)
Previous year ended
31.03.2021
(Audited)
A. CASH FLOW FROM OPERATING ACTIVITES    
  Profit / (Loss) Before Tax (1,069.65) (4,506.50)
  Adjustments for:    
  Depreciation and Amortisation Expense 626.92 951.44
  Finance Costs 10.20 19.65
  Interest Income (79.84) (41.13)
  Net (Gain) / Loss arising on Financial Assets mandatorily measured at FVTPL (134.09) (198.62)
  Loss / (Gain) on Sale of Property, Plant & Equipment - Net 14.74 (37.06)
  Doubtful and Bad Debts 149.04 698.19
  Doubtful and Bad Advances etc. 21.02 260.79
  Net Foreign Exchange (Gain) / Loss 0.18 0.16
  Other Non Operating Income (16.30) -
  Operating Profit Before Working Capital Changes (477.78) (2,853.08)
  Adjustments for:    
  Trade Receivables (1,848.67) 6,294.93
  Loans, Other Financial Asset and Other Assets 97.47 898.90
  Trade Payables 794.11 (497.47)
  Other Liabilities and Provisions (247.67) (311.57)
  Cash Generated from / (used in) Operations (1,682.54) 3,531.71
  Income Tax Paid (168.13) 93.36
  Net Cash from / (used in) Operating Activities (1,850.67) 3,625.07
B. CASH FLOW FROM INVESTING ACTIVITIES    
  Purchase of Property, Plant & Equipment and Intangible Asset (183.43) (28.96)
  Sale of Property, Plant & Equipment 82.72 193.44
  Purchase of Current Investments (9,894.51) (14,337.25)
  Sale of Current Investments 10,548.19 13,176.65
  Redemption / Maturity of Bank Deposit (having original maturity of more than 3 months) 2,840.00 -
  Investment in Bank Deposits (having original maturity of more than 3 months) (1,355.03) (2,340.00)
  Interest Received on Bank Deposit 88.43 11.24
  Net Cash from / (used in) Investing Activities 2,126.37 (3,324.88)
C. CASH FLOW FROM FINANCING ACTIVITIES    
  Net Increase / (Decrease) in Restricted Bank Balances (9.20) (8.31)
  Payment of Lease Liabilities (53.81) (69.27)
  Interest Paid (10.20) (19.65)
  Net Cash from / (used in) Financing Activities (73.21) (97.23)
  NET INCREASE / (DECREASE) IN CASH AND CASH EQUIVALENTS 202.49 202.96
  OPENING CASH AND CASH EQUIVALENTS 412.68 209.88
  Unrealised Gain / (Loss) on Foreign Currency Cash and Cash Equivalents (0.18) (0.16)
  CLOSING CASH AND CASH EQUIVALENTS 614.99 412.68

Notes :

The above Cash Flow Statement has been prepared under the "Indirect Method" as set out in Ind AS - 7 "Statement of Cash Flows"

Registered Office :
'Travel House', T-2, Community Centre, Sheikh Sarai,
Phase-1, New Delhi - 110017, India
Dated : 26th April, 2022
Place : New Delhi

For and on behalf of the Board

Sd/- Sd/-
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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