Key Financials

INTERNATIONAL TRAVEL HOUSE LIMITED
Extract of Financial Results for the Quarter and Twelve Months ended 31st March, 2023
(₹. in Lakhs)
Sl. No. Particulars 3 Months
ended
31.03.2023
Twelve Months
ended
31.03.2023
Corresponding
3 Months ended
31.03.2022
1 Total Income from Operations 5,110.91 18,690.25 2,799.84
2 Net Profit / (Loss) for the period (before tax and Exceptional items) 553.39 1,831.30 (133.18)
3 Net Profit / (Loss) for the period before tax (after Exceptional items) 553.39 1,831.30 (133.18)
4 Net Profit / (Loss) for the period after tax (after Exceptional items) 1,560.68 2,838.59 (133.18)
5 Total Comprehensive Income for the period [Comprising Profit / (Loss) for the period (after tax) and Other Comprehensive Income (after tax)]  1,432.40 2,794.43 (116.29)
6 Equity Share Capital  799.45 799.45 799.45
7 Reserves (excluding Revaluation Reserve)   11,518.03  
8 Earnings Per Share (of ₹10/- each) (not annualised)      
  1. Basic (₹) : 19.52 35.51 (1.67)
  2. Diluted (₹) : 19.52 35.91 (1.67)

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.

Registered Office :
'Travel House', T-2, Community Centre, Sheikh Sarai,
Phase-1, New Delhi - 110017, India
Dated : 20th April, 2023
Place : New Delhi

For and on behalf of the Board

Sd/- Sd/-
Ashwin Moodliar
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, 2023
(₹. in Lakhs)
Particulars   3 Months
ended
31.03.2023
Corresponding
3 Months
ended
31.03.2022
Preceding
3 Months
ended
31.12.2022
Twelve Months
ended
31.03.2023
Twelve Months
ended
31.03.2022
    (Unaudited) (Unaudited) (Unaudited) (Audited) (Audited)
a) Revenue from Operations (1) 5,039.20 2,753.19 4,594.37 18,404.73 9,420.87
b) Other Income (2) 71.71 46.65 102.15 285.52 230.23
TOTAL INCOME (1+2) (3) 5,110.91 2,799.84 4,696.52 18,690.25 9,651.10
EXPENSES            
a) Employee Benefits Expense   1,156.92 858.55 1,104.83 4,236.58 3,143.52
b) Finance Costs   0.70 1.14 0.72 3.35 10.20
c) Car Hire Charges   2,190.50 1,077.12 1,973.42 7,984.08 3,850.02
d) Service Charges   349.38 155.04 293.94 1,209.48 596.43
e) Depreciation and Amortisation Expense   193.38 128.91 151.61 597.69 626.92
f) Other Expenses   666.64 712.26 733.67 2,827.77 2,493.66
TOTAL EXPENSES (4) 4,557.52 2,933.02 4,258.19 16,858.95 10,720.75
PROFIT / (LOSS) BEFORE TAX (3 - 4) (5) 553.39 (133.18) 438.33 1,831.30 (1,069.65)
TAX EXPENSE (6)          
a) Current Tax   - - -   -
b) Deferred Tax   (1,007.29) - - (1,007.29) -
PROFIT / LOSS FOR THE PERIOD (5 - 6) (7) 1,560.68 (133.18) 438.33 2,838.59 (1,069.65)
OTHER COMPERHENSIVE INCOME (8)          
a) Items that will not be reclassified to profit or loss   (143.13) 16.89 12.67 (59.01) 51.92
b) Income Tax relating to items that will not be reclassified to profit or loss   14.85 - - 14.85 -
TOTAL COMPREHENSIVE INCOME (7+8) (9) 1,432.40 (116.29) 451.00 2,794.43 (1,017.73)
PAID UP EQUITY SHARE CAPITAL   799.45 799.45 799.45 799.45 799.45
(Equity Shares of ₹10/- each)            
RESERVES EXCLUDING REVALUATION RESERVES         11,518.03 8,723.60
Earnings Per Share (of ₹10/- each) :            
(a) Basic (₹)   19.52 (1.67) 5.48 35.51 (13.38)
(b) Diluted (₹)   19.52 (1.67) 5.48 35.51 (13.38)

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.

Registered Office :
'Travel House', T-2, Community Centre, Sheikh Sarai,
Phase-1, New Delhi - 110017, India
Dated : 20th April, 2023
Place : New Delhi

For and on behalf of the Board

Sd/- Sd/-
Ashwin Moodliar
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 half year ended 31.03.2023
(Audited)
As at previous year ended 31.03.2022
(Audited)
A ASSETS    
1 NON-CURRENT ASSETS    
  (a) Property, Plant and Equipment 2,314.99 1,763.47
  (b) Capital Work-in-progress 11.16 -
  (c) Intangible Assets 175.48 61.75
  (d) Intangible Assets Under Development 4.09 76.42
  (e) Right-of-Use Assets 23.04 42.29
  (f) Financial Assets    
  (i) Investment -   -  
  (ii) Others Financial Assets 2.80 4.90
  (g) Deferred Tax Assets (Net) 1,022.14 -  
  (h) Income Tax Assets (Net) 1,276.85 1,280.87
  (i) Other Non-Current Assets 40.53 44.36
  Non - Current Assets 4,871.08 3,274.06
2 CURRENT ASSETS    
  (a) Financial Assets    
  (i) Investments 3,614.22 2,994.10
  (ii) Trade Receivables  7,248.29 4,748.42
  (ii) Cash and Cash Equivalents 927.48 614.99
  (iv) Other Bank Balances 27.36 1,053.01
  (v) Loans - -
  (vi) Other Financial Assets 376.29 284.75
  (b) Other Current Assets 798.07 384.37
  Current Assets 12,982.71 10,079.64
  TOTAL ASSETS 17,853.79 13,353.70
B EQUITY AND LIABILITIES    
  EQUITY    
  (a) Equity Share Capital 799.45 799.45
  (b) Other Equity 11,518.03 8,723.60
  Equity 12,317.48 9,523.05
  LIABILITIES    
1 NON-CURRENT LIABILITIES    
  (a) Financial Liabilities    
  (i) Lease Liabilities 15.39 25.79
  (ii) Trade Payables    
  'Total outstanding dues of creditors other than micro enterprises and small enterprises 41.35 31.96
  (b) Provisions 148.87 130.98
  (c) Other Non-Current liabilities 58.05 29.59
  Non-Current Liabilities 263.66 218.32
2 CURRENT LIABILITIES    
  (a) Financial Liabilities    
  (i) Lease Liabilities 13.75 23.18
  (ii) Trade Payables    
  Total outstanding dues of micro enterprises and small enterprises 816.25 298.48
  Total outstanding dues of creditors other than micro enterprises and small enterprises 3,297.83 2,501.30
  (iii) Other Financial Liabilities 37.36 36.48
  (b) Other Current Liabilities 941.90 628.69
  (c) Provisions 125.84 84.48
  (d) Current Tax Liabilities (Net) 39.72 39.72
  Current Liabilities 5,272.65 3,612.33
  TOTAL EQUITY AND LIABILITIES 17,853.79 13,353.70

Registered Office :
'Travel House', T-2, Community Centre, Sheikh Sarai,
Phase-1, New Delhi - 110017, India
Dated : 20th April, 2023
Place : New Delhi

For and on behalf of the Board

Sd/- Sd/-
Ashwin Moodliar
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
31.03.2023
(Audited
Previous Year Ended
31.03.2022
(Audited
A. CASH FLOW FROM OPERATING ACTIVITES    
  Profit / (Loss) Before Tax 1,831.30 (1,069.65)
  Adjustments for:    
  Depreciation and Amortisation Expense 597.69 626.92
  Finance Costs 3.35 10.20
  Interest Income (15.03) (79.84)
  Net (Gain) / Loss arising on Financial Assets mandatorily measured at FVTPL (125.27) (134.09)
  Loss / (Gain) on Sale of Property, Plant & Equipment - Net (64.26) 14.74
  Doubtful and Bad Debts 35.87 149.04
  Doubtful and Bad Advances etc. - 21.02
  Net Foreign Exchange (Gain) / Loss (0.94) (0.18)
  Other Non Operating Income - (16.30)
  Operating Profit Before Working Capital Changes 2,262.71 (477.78)
  Adjustments for:    
  Trade Receivables (2,535.74) (1,848.67)
  Loans, Other Financial Asset and Other Assets (486.50) 97.47
  Trade Payables 1,323.70 794.11
  Other Liabilities and Provisions 351.91 (247.67)
  Cash Generated from / (used in) Operations 916.08 (1,682.54)
  Income Tax Refund / (Paid) 4.02 (168.13)
  Net Cash from / (used in) Operating Activities 920.10 (1,850.67)
B. CASH FLOW FROM INVESTING ACTIVITIES    
  Payment for Purchase of Property, Plant & Equipment, Intangible Assets and Capital Advance (1,258.73) (183.43)
  Sale of Property, Plant & Equipment 140.50 82.72
  Purchase of Current Investments (20,968.95) (9,894.51)
  Sale of Current Investments 20,474.05 10,548.19
  Redemption / Maturity of Bank Deposit (having original maturity of more than 3 months) 1,016.53 2,840.00
  Investment in Bank Deposits (having original maturity of more than 3 months) - (1,355.03)
  Interest Received on Bank Deposit 20.35 88.43
  Net Cash from / (used in) Investing Activities (576.25) 2,126.37
C. CASH FLOW FROM FINANCING ACTIVITIES    
  Net Increase / (Decrease) in Restricted Bank Balances (9.12) (9.20)
  Payment of Lease Liabilities (19.83) (53.81)
  Interest Paid (3.35) (10.20)
  Net Cash from / (used in) Financing Activities (32.30) (73.21)
  NET INCREASE / (DECREASE) IN CASH AND CASH EQUIVALENTS 311.55 202.49
  OPENING CASH AND CASH EQUIVALENTS 614.99 412.68
  Unrealised Gain / (Loss) on Foreign Currency Cash and Cash Equivalents 0.94 0.18
  CLOSING CASH AND CASH EQUIVALENTS 927.48 614.99

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 : 20th April, 2023
Place : New Delhi

For and on behalf of the Board

Sd/- Sd/-
Ashwin Moodliar
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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