Key Financials

INTERNATIONAL TRAVEL HOUSE LIMITED
Extract of Unaudited Financial Results for the Quarter and Six Months ended 30th September, 2021
(₹. in Lakhs)
Sl. No. Particulars 3 Months
ended
30.09.2021
6 Months
ended
30.09.2021
Corresponding
3 Months ended
30.09.2020
1 Total Income from Operations 2,430.98 3,576.43 1,474.63
2 Net Profit / (Loss) for the period (before tax and Exceptional items) (367.42) (1,156.53) (1,168.51)
3 Net Profit / (Loss) for the period before tax (after Exceptional items) (367.42) (1,156.53) (1,168.51)
4 Net Profit / (Loss) for the period after tax (after Exceptional items) (367.42) (1,156.53) (1,168.51)
5 Total Comprehensive Income for the period [Comprising Profit / (Loss) for the period (after tax) and Other Comprehensive Income (after tax)]  (354.40) (1,148.73) (1,145.70)
6 Equity Share Capital  799.45 799.45 799.45
7 Earnings Per Share (of ₹10/- each) (not annualised)      
  1. Basic (₹) : (4.60) (14.47) (14.61)
  2. Diluted (₹) : (4.60) (14.47) (14.61)

Notes :

a) The above is an extract of the detailed format of the Statement of Unaudited Financial Results filed with the Stock Exchange under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Statement of Unaudited 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 18th October, 2021. The full format of the Statement of Unaudited Financial Results are available on the Company's website (www.internationaltravelhouse.in) and on the website of BSE Limited (www.bseindia.com).

b) 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 Six Months ended 30th September, 2021 which needs to be explained.

Registered Office :
'Travel House', T-2, Community Centre, Sheikh Sarai,
Phase-1, New Delhi - 110017, India
Dated : 18th October, 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 Unaudited Financial Results for the Quarter and Six Months ended 30th September, 2021
(₹. in Lakhs)
Particulars   3 Months
ended
30.09.2021
Corresponding
3 Months
ended
30.09.2020
Preceding
3 Months
ended
30.06.2021
6 Months
ended
30.09.2021
6 Months
ended
30.09.2020
Twelve Months
ended
31.03.2021
    (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited)
a) Revenue from Operations (1) 2,356.67 1,418.33 1,082.58 3,439.25 2 ,233.70 5,938.85
b) Other Income (2) 74.31 56.30 62.87 137.18 128.60 276.81
TOTAL INCOME (1+2) (3) 2,430.98 1,474.63 1,145.45 3,576.43 2 ,362.30 6,215.66
EXPENSES              
a) Employee Benefits Expense   819.87 1,098.70 754.86 1,574.73 2 ,300.52 3,978.97
b) Finance Costs   3.71 5 .48 4.17 7.89 10.78 19.65
c) Car Hire Charges   1,005.01 340.31 405.46 1,410.47 680.77 1,987.72
d) Service Charges   201.81 154.40 64.97 266.78 250.55 620.91
e) Depreciation and Amortisation Expense   174.43 254.57 184.42 358.85 522.07 951.44
f) Other Expenses   593.57 789.68 520.67 1,114.24 1 ,363.84 3,163.47
TOTAL EXPENSES (4) 2,798.40 2,643.14 1,934.55 4,732.96 5 ,128.53 10,722.16
PROFIT / (LOSS) BEFORE TAX (3 - 4) (5) (367.42) (1,168.51) (789.10) (1,156.53) (2,766.23) (4,506.50)
TAX EXPENSE (6)            
a) Current Tax   - - - - - -
b) Deferred Tax   - - - - - -
PROFIT / LOSS FOR THE PERIOD (5 - 6) (7) (367.42) (1,168.51) (789.10) (1,156.53) (2,766.23) (4,506.50)
OTHER COMPERHENSIVE INCOME (8)            
a) Items that will not be reclassified to profit or loss   13.02 22.81 (5.22) 7.80 18.84 5.23
b) Income Tax relating to items that will not be reclassified to profit or loss   - - - - - -
TOTAL COMPREHENSIVE INCOME (7+8) (9) (354.40) (1,145.70) (794.32) (1,148.73) (2,747.39) (4,501.27)
PAID UP EQUITY SHARE CAPITAL   799.45 799.45 799.45 799.45 799.45 799.45
(Equity Shares of ₹10/- each)              
RESERVES EXCLUDING REVALUATION RESERVES             9,741.33
Earnings Per Share (of ₹10/- each) :              
(a) Basic (₹)   (4.60) (14.61) (9.87) (14.47) (34.60) (56.37)
(b) Diluted (₹)   (4.60) (14.61) (9.87) (14.47) (34.60) (56.37)

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 18th October, 2021.

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

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

D - 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.

E - During the ongoing COVID-19 pandemic, State Governments imposed lockdowns and travel restricitons. Restrictions on International air travel still continues since March, 2020. Consequently, our operations continue 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 30th September, 2021 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.

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

G - 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 ended 30th September, 2021 which needs to be explained.

Registered Office :
'Travel House', T-2, Community Centre, Sheikh Sarai,
Phase-1, New Delhi - 110017, India
Dated : 18th October, 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 half year ended 30.09.2021
(Unaudited))
As at previous year ended 31.03.2021
(Audited)
A ASSETS    
1 NON-CURRENT ASSETS    
  (a) Property, Plant and Equipment 1,896.79 2,261.98
  (b) Capital Work-in-progress 32.68 33.13
  (c) Intangible Assets 75.15 95.02
  (d) Intangible Assets Under Development 30.25 -
  (e) Right-of-Use Assets 51.93 182.50
  (f) Financial Assets    
  (i) Investment - -
  (ii) Others Financial Assets 4.80 51.18
  (g) Income Tax Assets (Net) 1,189.69 1,112.74
  (h) Other Non-Current Assets 54.35 49.87
  Non - Current Assets 3,335.64 3,740.04
2 CURRENT ASSETS    
  (a) Financial Assets    
  (i) Investments 4,229.11 3,513.67
  (ii) Trade Receivables 3,088.22 3,069.81
  (ii) Cash and Cash Equivalents 311.49 412.68
  (iv) Other Bank Balances 1,407.11 2,547.18
  (v) Loans - -
  (vi) Other Financial Assets 426.34 369.16
  (b) Other Current Assets 394.43 391.42
  Current Assets 9,856.70 10,303.92
  TOTAL ASSETS 13,192.34 14,043.96
B EQUITY AND LIABILITIES    
  EQUITY    
  (a) Equity Share Capital 799.45 799.45
  (b) Other Equity 8,592.60 9,741.33
  Equity 9,392.05 10,540.78
  LIABILITIES    
1 NON-CURRENT LIABILITIES    
  (a) Financial Liabilities    
  (i) Lease Liabilities 35.35 101.59
  (ii) Trade Payables    
  Total outstanding dues of creditors other than micro enterprises and small enterprises 28.34 18.23
  (b) Provisions 165.44 169.44
  Non-Current Liabilities 229.13 289.26
2 CURRENT LIABILITIES    
  (a) Financial Liabilities    
  (i) Lease Liabilities 22.55 105.23
  (ii) Trade Payables    
  Total outstanding dues of micro enterprises and small enterprises 158.84 63.67
  Total outstanding dues of creditors other than micro enterprises and small enterprises 2,361.19 1,955.73
  (ii) Other Financial Liabilities 88.75 96.26
  (b) Other Current Liabilities 768.33 849.44
  (c) Provisions 131.78 103.87
  (d) Current Tax Liabilities (Net) 39.72 39.72
  Current Liabilities 3,571.16 3,213.92
  TOTAL EQUITY AND LIABILITIES 13,192.34 1 4,043.96

Registered Office :
'Travel House', T-2, Community Centre, Sheikh Sarai,
Phase-1, New Delhi - 110017, India
Dated : 18th October, 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 6 Months ended 30.09.2021
(Unaudited))
6 Months ended 30.09.2020
(Unaudited))
A. CASH FLOW FROM OPERATING ACTIVITES    
  Profit / (Loss) Before Tax (1,156.53) (2,766.23)
  Adjustments for:    
  Depreciation and Amortisation Expense 358.85 522.07
  Finance Costs 7 .89 10.78
  Interest Income (50.15) (23.67)
  Net (Gain) / Loss arising on Financial Assets mandatorily measured at FVTPL (70.80) (104.93)
  Gain on Sale of Property, Plant & Equipment - Net 12.95 28.57
  Doubtful and Bad Debts 51.83 208.74
  Doubtful and Bad Advances etc. 5.37 137.55
  Net Foreign Exchange (Gain) / Loss (0.12) 0.43
  Other Non Operating Income (16.24) -
  Operating Profit Before Working Capital Changes (856.95) (1,986.69)
  Adjustments for:    
  Trade Receivables (75.60) 6,267.49
  Loans, Other Financial Asset and Other Assets (60.96) 153.71
  Trade Payables 510.75 (592.39)
  Other Liabilities and Provisions (56.84) 397.26
  Cash Generated from / (used in) Operations (539.60) 4,239.38
  Income Tax Paid (76.95) 179.36
  Net Cash from / (used in) Operating Activities (616.55) 4,418.74
B. CASH FLOW FROM INVESTING ACTIVITIES    
  Purchase of Property, Plant & Equipment and Intangible Asset (36.43) (19.62)
  Sale of Property, Plant & Equipment 5 6.54 22.49
  Purchase of Current Investments (4,034.80) (10,637.43)
  Sale of Current Investments 3,390.16 6,232.16
  Redemption / Maturity of Bank Deposit (having original maturity of more than 3 months) 2,340.00 -
  Investment in Bank Deposits (having original maturity of more than 3 months) (1,200.00) -
  Interest Received on Bank Deposit 52.68 0.17
  Net Cash from / (used in) Investing Activities 568.15 (4,402.23)
C. CASH FLOW FROM FINANCING ACTIVITIES    
  Net Increase / (Decrease) in Restricted Bank Balances (0.07) (0.08)
  Payment of Lease Liabilities (44.95) (32.78)
  Interest Paid (7.89) (10.78)
  Dividend Paid - (199.86)
  Income Tax on Dividend Paid - (41.08)
  Net Cash from / (used in) Financing Activities (52.91) (43.64)
  NET INCREASE / (DECREASE) IN CASH AND CASH EQUIVALENTS (101.31) (27.13)
  OPENING CASH AND CASH EQUIVALENTS 412.68 209.88
  Unrealised Gain / (Loss) on Foreign Currency Cash and Cash Equivalents 0 .12 (0.43)
  CLOSING CASH AND CASH EQUIVALENTS 311.49 182.32

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 : 18th October, 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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