Key Financials

INTERNATIONAL TRAVEL HOUSE LIMITED
Extract of Financial Results for the Quarter and Twelve Months ended 31st March. 2021
(₹. in Lakhs)
Sl. No. Particulars 3 Months ended 31.03.2021 12 Months ended 31.03.2021 Corresponding
3 Months ended 31.03.2020
1 Total Income from Operations 2,162.38 6,215.66 4,616.89
2 Net Profit / (Loss) for the period (before tax and Exceptional items) (670.54) (4,506.50) (382.30)
3 Net Profit / (Loss) for the period before tax (after Exceptional items) (670.54) (4,506.50) (382.30)
4 Net Profit / (Loss) for the period after tax (after Exceptional items) (670.54) (4,506.50) (390.22)
5 Total Comprehensive Income for the period [Comprising Profit / (Loss) for the period (after tax) and Other Comprehensive Income (after tax)]  (691.65) (4,501.27) (482.50)
6 Equity Share Capital  799.45 799.45 799.45
7 Reserves (excluding Revaluation Reserve)   9,741.33  
8 Earnings Per Share (of ₹10/- each) (not annualised)      
  1. Basic (₹) : (8.39) (56.37) (4.88)
  2. Diluted (₹) : (8.39) (56.37) (4.88)

Notes :

a) The above is an extract of the detailed format of the Statement of Financial Results flied 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 17th April, 2021. The Statutory Auditors of the Company, Mis Deloitte Haskins & Sells LLP, has Issued report with unmodified opinion on audit of annual financial results for year ended 31 March 2021 and review of quarterly financial results for quarter ended 31 March 2021. 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 : 17th April, 2021
Place : Gurugram

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, 2021
(₹. in Lakhs)
Particulars   3 Months ended 31.03.2021 Corresponding
3 Months ended 31.03.2020
Preceding
3 Months ended 31.12.2020
Twelve Months ended 31.03.2021 Twelve Months ended 31.03.2020
    (Unaudited) (Unaudited) (Unaudited) (Audited) (Audited)
a) Revenue from Operations (1) 2,078.44 4,608.30 1,626.71 5,938.85 20,916.10
b) Other Income (2) 83.94 8.59 92.84 276.81 135.67
TOTAL INCOME (1+2) (3) 2,162.38 4,616.89 1,719.55 6,215.66 21,051.77
EXPENSES            
a) Employee Benefits Expense   751.26 1,349.42 927.19 3,978.97 5,519.64
b) Finance Costs   4.23 5.38 4.64 19.65 47.91
c) Car Hire Charges   785.60 1,914.72 521.35 1,987.72 8,786.29
d) Service Charges   165.59 364.98 204.77 620.91 2,153.06
e) Depreciation and Amortisation Expense   196.09 278.85 233.28 951.44 1,151.93
f) Other Expenses   930.15 1,085.84 898.05 3,163.47 4,234.07
TOTAL EXPENSES (4) 2,832.92 4,999.19 2,789.28 10,722.16 21,892.90
PROFIT / (LOSS) BEFORE TAX (3 - 4) (5) (670.54) (382,30) (1,069.73) (4,506 50) (841.13)
TAX EXPENSE (6)          
a) Current Tax   - - - - (18.76)
b) Deferred Tax   - 7.92 - - (81.29)
PROFIT / LOSS FOR THE PERIOD (5 - 6) (7) (670.54) (390,22) (1,069.73) (4,506.50) (741.08)
OTHER COMPERHENSIVE INCOME (8)          
a) Items that will not be reclassified to profit or loss   (21.11) 50.74 7,50 5.23 (36.98)
b) Income Tax relating to items that will not be reclassified to profit or loss   - (143.02) - - (120.94)
TOTAL COMPREHENSIVE INCOME (7+8) (9) (691.65) (482.50) (1,062.23) (4,501.27) (899.00)
PAID UP EQUITY SHARE CAPITAL   799.45 799.45 799.45 799.45 799.45
(Equity Shares of ₹10/- each)            
RESERVES EXCLUDING REVALUATION RESERVES         9,741 33 14,242.60
Earnings Per Share (of ₹10/- each) :            
(a) Basic (₹)   (8.39) (4.88) (13.38) (56.37) (9.27)
(b) Diluted (₹)   (8.39) (4.88) (13.38) (56.37) (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 17th Apnl 2021,

B - Figures for the correspondmg previous periods are re-arranged, wherever necessary, to confonn to the figures or the current period,

C - The figures for the 3 months ended 31.03.2021 and corresponding 3 months ended 31.03.2020 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 ie. 'Travel Related Services'.

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

F - 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.

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.

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 : 17th Apnl, 2021
Place : Gurugram

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 31.03.2021
(Audited)
As at previous year ended 31.03.2020
(Audited)
A ASSETS    
1 NON-CURRENT ASSETS    
  (a) Property, Plant and Equipment 2,261.98 3,209.73
  (b) Capital Work-in-progress 33.13 40.76
  (c) Intangible Assets 95.02 115.31
  (d) Intangible Assets Under Development - 24.98
  (e) Right-of-Use Assets 182.50 238.46
  (f) Financial Assets    
  (i) Investment - -
  (ii) Others Financial Assets 4.80 51.18
  (g) Income Tax Assets (Net) 1,112.74 1,187.66
  (h) Other Non-Current Assets 49.87 51.47
  Non - Current Assets 3,740.04 4,919.55
2 CURRENT ASSETS    
  (a) Financial Assets    
  (i) Investments 3,513.67 2,154.45
  (ii) Trade Receivables 3,069.81 10,323.72
  (ii) Cash and Cash Equivalents 412,68 209.88
  (iv) Other Bank Balances 2,547.18 216.64
  (v) Loans - -
  (vi) Other Financial Assets 369.16 535.83
  (b) Other Current Assets 391.42 1,054.76
  Current Assets 10,303.92 14,495.28
  TOTAL ASSETS 14,043.96 19,414.83
B EQUITY AND LIABILITIES    
  EQUITY    
  (a) Equity Share Capital 799.45 799.45
  (b) Other Equity 9,741.33 14,242.60
  Equity 10,540.78 15,042.05
  LIABILITIES    
1 NON-CURRENT LIABILITIES    
  (a) Financial Liabilities    
  (i) Trade Payables    
  Total outstanding dues of creditors other than micro enterprises and small enterprises 18.23 2.26
  (ii) Other Financial Liabilities 101.59 165.16
  (b) Provisions 169.44 246.26
  Non-Current Liabilities 289.26 413.68
2 CURRENT LIABILITIES    
  (a) Financial Liabilities    
  (i) Trade Payables    
  Total outstanding dues of micro enterprises and small enterprises 63.67 39.50
  Total outstanding dues of creditors other than micro enterprises and small enterprises 1,955.73 2,493.34
  (ii) Other Financial Liabilities 201.49 195.17
  (b) Other Current Liabilities 849.44 791.06
  (c) Provisions 103.87 400.31
  (d) Current Tax Liabilities (Net) 39.72 39.72
  Current Liabilities 3,213.92 3,959.10
  TOTAL EQUITY AND LIABILITIES 14,043.96 19,414.83

Registered Office :
'Travel House', T-2, Community Centre, Sheikh Sarai,
Phase-1, New Delhi - 110017, India
Dated : 17th Apnl, 2021
Place : Gurugram

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 31.03.2021
(Audited)
Previous Year ended 31.03.2020
(Audited)
A. CASH FLOW FROM OPERATING ACTIVITES    
  Profit / (Loss) Before Tax (4,506.50) (841.13)
  Adjustments for:    
  Depreciation and Amortisation Expense 951.44 1,151.93
  Finance Costs 19.65 47.91
  Interest Income (41.13) (43.26)
  Net (Gain) / Loss arising on Financial Assets mandatorily measured at FVTPL (198.62) (12.88)
  Gain on Sale of Property, Plant & Equipment - Net (37.06) (79.53)
  Doubtful and Bad Debts 698.19 316.61
  Doubtful and Bad Advances etc. 260.79 -
  Net Foreign Exchange (Gain) / Loss 0.16 (4.60)
  Operating Profit Before Working Capital Changes (2,853.08) 535.05
  Adjustments for:    
  Trade Receivables 6,294.93 2,665.88
  Loans, Other Financial Asset and Other Assets 898.90 483.01
  Trade Payables (497.47) (696.88)
  Other Liabilities and Provisions (311.57) (3.95)
  Cash Generated from / (used in) Operations 3,531.71 2,983.11
  Income Tax Paid 93.36 (620.82)
  Net Cash from / (used in) Operating Activities 3,625.07 2,362.29
B. CASH FLOW FROM INVESTING ACTIVITIES    
  Purchase of Property, Plant & Equipment and Intangible Asset (28.86) (1,144.08)
  Sale of Property, Plant & Equipment 193.44 240.63
  Purchase of Current Investments (14,337.25) (7,062.50)
  Sale of Current Investments 13,176.65 4,920.93
  Redemption / Maturity of Bank Deposit (having original maturity of more than 3 months) - 50.00
  Investment in Bank Deposits (having original maturity of more than 3 months) (2,340.00) -
  Interest Received on Bank Deposit 11.24 23.64
  Net Cash from / (used in) Investing Activities (3,324.88) (2,971.38)
C. CASH FLOW FROM FINANCING ACTIVITIES    
  Net Increase / (Decrease) in Restricted Bank Balances (8.31) (5.52)
  Payment of Lease Liabilities (69.27) (58.84)
  Interest Paid (19.65) (47.91)
  Dividend Paid - (199.86)
  Income Tax on Dividend Paid - (41.08)
  Net Cash from / (used in) Financing Activities (97.23) (353.21)
  NET INCREASE / (DECREASE) IN CASH AND CASH EQUIVALENTS 202.96 (962.30)
  OPENING CASH AND CASH EQUIVALENTS 209.88 1,167.58
  Unrealised Gain / (Loss) on Foreign Currency Cash and Cash Equivalents (0.16) 4.60
  CLOSING CASH AND CASH EQUIVALENTS 412.68 209.88

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 : 17th Apnl, 2021
Place : Gurugram

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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