Key Financials

INTERNATIONAL TRAVEL HOUSE LIMITED
Extract of Financial Results for the Quarter and Twelve Months ended 31st March, 2020
(₹. in Lakhs)
Sl. No. Particulars 3 Months ended 31.03.2020 Twelve Months ended 31.03.2020 Corresponding
3 Months ended 31.03.2019
1 Total Income from Operations 4,616.89 21,051.77 5,457.85
2 Net Profit / (Loss) for the period (before tax and Exceptional items) (382.30) (841.13) 58.22
3 Net Profit / (Loss) for the period before tax (after Exceptional items) (382.30) (841.13) 58.22
4 Net Profit / (Loss) for the period after tax (after Exceptional items) (390.22) (741.08) 39.78
5 Total Comprehensive Income for the period [Comprising Profit / (Loss) for the period (after tax) and Other Comprehensive Income (after tax)]  (482.50) (899.00) (34.40)
6 Equity Share Capital  799.45 799.45 799.45
7 Reserves (excluding Revaluation Reserve)   14,242.60  
8 Earnings Per Share (of ₹10/- each)      
  1. Basic (₹) : (4.88) (9.27) 0.50
  2. Diluted (₹) : (4.88) (9.27) 0.50

Note :

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 6th June, 2020. 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) An audit, 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 Twelve Months ended 31st March, 2020 which needs to be explained.

Registered Office :
'Travel House', T-2, Community Centre, Sheikh Sarai,
Phase-1, New Delhi - 110017, India
Dated : 6th June, 2020
Place : New Delhi

For and on behalf of the Board

Bhagwateshwaran Hariharan
Managing Director
Savio Sequeira
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, 2020
(₹. in Lakhs)
Particulars   3 Months ended 31.03.2020 Corresponding
3 Months ended 31.03.2019
Preceding
3 Months ended 31.12.2019
Twelve Months ended 31.03.2020 Twelve Months ended 31.03.2019
    (Unaudited) (Unaudited) (Unaudited) (Audited) (Audited)
a) Revenue from Operations (1) 4,608.30 5,418.40 5,685.59 20,916.10 20,814.21
b) Other Income (2) 8.59 39.45 7.27 135.67 249.78
TOTAL INCOME (1+2) (3) 4,616.89 5,457.85 5,692.86 21,051.77 21,063.99
EXPENSES            
a) Employee Benefits Expense   1,349.42 1,395.90 1,424.86 5,519.64 5,349.28
b) Finance Costs   5.38 1.08 22.48 47.91 3.80
c) Car Hire Charges   1,914.72 1,997.68 2,431.94 8,786.29 7,461.49
d) Service Charges   364.98 634.60 609.25 2,153.06 2,516.13
e) Depreciation and Amortisation Expense   278.85 271.35 296.88 1,151.93 1,052.39
f) Other Expenses   1,085.84 1,099.02 1,076.53 4,234.07 4,256.00
TOTAL EXPENSES (4) 4,999.19 5,399.63 5,861.94 21,892.90 20,639.09
PROFIT / (LOSS) BEFORE TAX (3 - 4) (5) (382.30) 58.22 (169.08) (841.13) 424.90
TAX EXPENSE (6)          
a) Current Tax   - 45.42 - (18.76) 242.50
b) Deferred Tax   7.92 (26.98) (43.03) (81.29) (85.57)
PROFIT / LOSS FOR THE PERIOD (5 - 6) (7) (390.22) 39.78 (126.05) (741.08) 267.97
OTHER COMPERHENSIVE INCOME (8)          
a) Items that will not be reclassified to profit or loss   50.74 (102.87) (11.91) (36.98) (97.44)
b) Income Tax relating to items that will not be reclassified to profit or loss   (143.02) 28.69 3.00 (120.94) 27.11
TOTAL COMPREHENSIVE INCOME (7+8) (9) (482.50) (34.40) (134.96) (899.00) 197.64
PAID UP EQUITY SHARE CAPITAL   799.45 799.45 799.45 799.45 799.45
(Equity Shares of ₹10/- each)            
RESERVES EXCLUDING REVALUATION RESERVES         14,242.60 15,382.54
Earnings Per Share (of ₹10/- each) :            
(a) Basic (₹)   (4.88) 0.50 (1.58) (9.27) 3.35
(b) Diluted (₹)   (4.88) 0.50 (1.58) (9.27) 3.35

Note :

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 6th June, 2020. .

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 31.03.2020 and corresponding 3 months ended 31.03.2019 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 - Due to the outbreak of the COVID-19 (Coronavirus Pandemic), the Government of India imposed a country wide lockdown and amongst other matters, restrictions were also imposed on both air travel (domestic and international) and travel by cabs. Consequently, our operations have been disrupted and we are under almost complete shut down since the last fortnight of March, 2020. COVID-19 has brought about significant business disruption, the duration of which cannot be reasonably estimated at this time. However, the Company has considered various internal and external sources of information available as on date of issuance of these financial statements in determining the impact of COVID-19 on its tour and travel related services and accordingly, has formulated its business plans and operations.

The management has factored the effect of the pandemic in determining the provision towards expected credit loss on its trade receivables and investment recognised at fair values. Further, based on the above assessment, the Company expects to recover the carrying amount of its trade receivables and investment balances outstanding as at 31st March, 2020 and accordingly, no adjustment in the matter is required to be made in these financial statements. 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 financial statements.

The management expects the business disruptions anticipated due to the pandemic to continue for some time 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.

Registered Office :
'Travel House', T-2, Community Centre, Sheikh Sarai,
Phase-1, New Delhi - 110017, India
Dated : 6th June, 2020
Place : New Delhi

For and on behalf of the Board

Bhagwateshwaran Hariharan
Managing Director
Savio Sequeira
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 31.03.2020
(Audited)
As at previous year ended 31.03.2019
(Audited)
A ASSETS    
1 NON-CURRENT ASSETS    
  (a) Property, Plant and Equipment 3,209.73 3,214.68
  (b) Capital Work-in-progress 40.76 32.68
  (c) Intangible Assets 115.31 214.29
  (d) Intangible Assets Under Development 24.98 23.84
  (e) Right-of-Use Assets 238.46 -
  (f) Financial Assets    
  (i) Investment - -
  (ii) Others Financial Assets 51.18 49.48
  (g) Deferred Tax Assets (Net) - 39.65
  (h) Income Tax Assets (Net) 1,187.66 518.69
  (i) Other Non-Current Assets 51.47 66.28
  Non - Current Assets 4,919.55 4159.59
2 CURRENT ASSETS    
  (a) Financial Assets    
  (i) Investments 2,154.45 -
  (ii) Trade Receivables 10,323.72 13,306.21
  (ii) Cash and Cash Equivalents 209.88 1,167.58
  (iv) Other Bank Balances 216.64 281.69
  (v) Loans - -
  (vi) Other Financial Assets 535.83 820.56
  (b) Other Current Assets 1,054.76 1,234.71
  Current Assets 14,495.28 16,810.75
  TOTAL ASSETS 19,414.83 20,970.34
B EQUITY AND LIABILITIES    
  EQUITY    
  (a) Equity Share Capital 799.45 799.45
  (b) Other Equity 14,242.60 15,382.54
  Equity 15,042.05 16,181.99
  LIABILITIES    
1 NON-CURRENT LIABILITIES    
  (a) Financial Liabilities    
  (i) Trade Payables    
  Total outstanding dues of creditors other than micro enterprises and small enterprises 2.26 8.44
  (ii) Other Financial Liabilities 165.16 -
  (b) Provisions 246.26 237.79
  Non-Current Liabilities 413.68 246.23
2 CURRENT LIABILITIES    
  (a) Financial Liabilities    
  (i) Trade Payables    
  Total outstanding dues of micro enterprises and small enterprises 39.50 -
  Total outstanding dues of creditors other than micro enterprises and small enterprises 2,493.34 3,223.54
  (ii) Other Financial Liabilities 195.17 69.80
  (b) Other Current Liabilities 791.06 805.28
  (c) Provisions 400.31 403.74
  (d) Current Tax Liabilities (Net) 39.72 39.76
  Current Liabilities 3,959.10 4,542.12
  TOTAL EQUITY AND LIABILITIES 19,414.83 20,970.34

Registered Office :
'Travel House', T-2, Community Centre, Sheikh Sarai,
Phase-1, New Delhi - 110017, India
Dated : 6th June, 2020
Place : New Delhi

For and on behalf of the Board

Bhagwateshwaran Hariharan
Managing Director
Savio Sequeira
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 31.03.2020
(Audited)
Previous Year ended 31.03.2019
(Audited)
A. CASH FLOW FROM OPERATING ACTIVITES    
  Profit / (Loss) Before Tax (841.13) 424.90
  Adjustments for:    
  Depreciation and Amortisation Expense 1,151.93 1,052.39
  Finance Costs 47.91 3.80
  Interest Income (43.26) (16.66)
  Net (Gain) / Loss arising on Financial Assets mandatorily measured at FVTPL (12.88) (100.88)
  Gain on Sale of Property, Plant & Equipment - Net (79.53) (132.24)
  Doubtful and Bad Debts 316.61 107.96
  Doubtful and Bad Advances etc. - 2.10
  Net Foreign Exchange (Gain) / Loss (4.60) (0.83)
  Operating Profit Before Working Capital Changes 535.05 1,340.54
  Adjustments for:    
  Trade Receivables 2,665.88 (1,949.66)
  Loans, Other Financial Asset and Other Assets 483.01 (299.00)
  Trade Payables (696.88) 312.35
  Other Liabilities and Provisions (3.95) 133.47
  Cash Generated from / (used in) Operations 2,983.11 (462.30)
  Income Tax Paid (620.82) (588.25)
  Net Cash from / (used in) Operating Activities 2,362.29 (1,050.55)
B. CASH FLOW FROM INVESTING ACTIVITIES    
  Purchase of Property, Plant & Equipment and Intangible Asset (1,144.08) (1,445.66)
  Sale of Property, Plant & Equipment 240.63 277.64
  Purchase of Current Investments (7,062.50) (11,063.00)
  Sale of Current Investments 4,920.93 12,648.65
  Redemption / Maturity of Bank Deposit (having original maturity of more than 3 months) 50.00 -
  Interest Received on Bank Deposit 23.64 12.92
  Net Cash from / (used in) Investing Activities (2,971.38) 430.55
C. CASH FLOW FROM FINANCING ACTIVITIES    
  Net Increase / (Decrease) in Restricted Bank Balances (5.52) (1.99)
  Payment of Lease Liabilities (58.84) -
  Interest Paid (47.91) (3.80)
  Dividend Paid (199.86) (339.77)
  Income Tax on Dividend Paid (41.08) (69.84)
  Net Cash from / (used in) Financing Activities (353.21) (415.40)
  NET INCREASE / (DECREASE) IN CASH AND CASH EQUIVALENTS (962.30) (1,035.40)
  OPENING CASH AND CASH EQUIVALENTS 1,167.58 2,202.15
  Unrealised Gain / (Loss) on Foreign Currency Cash and Cash Equivalents 4.60 0.83
  CLOSING CASH AND CASH EQUIVALENTS 209.88 1,167.58

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 : 6th June, 2020
Place : New Delhi

For and on behalf of the Board

Bhagwateshwaran Hariharan
Managing Director
Savio Sequeira
Chief Financial Officer

 

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

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