For the quarter ended March 2012, total income from operations decreased by 4% to Rs 39.59 crore. Operating margins increased by 20 bps to 19.1% on the back of decrease in other expenditure and car hire charges. The net profit was up by 2% to Rs 3.92 crore due to fall in tax rate.
Quarterly Performance:
For the quarter ended March 2012, total income from operations decreased by 4% to Rs 39.59 crore. Operating margins increased by 20 bps to 19.1% on the back of decrease in other expenditure by 209 bps to 15% and car hire charges by 179 bps to 28.5% as percentage to total income from operations. However, there was rise in employee cost by 281 basis points to 20.9% as percentage to total income from operations. Operating profit decreased by 3% to Rs 7.58 crore.
During the quarter, other income increased by 11% to Rs 0.82 crore. With decrease in interest cost by 75% to Rs 0.01 crore and increase in depreciation by 6% to Rs 2.68 crore, PBT was down by 5% to Rs 5.71 crore. There was fall in tax outgo by 18% to Rs 1.79 crore. Tax rate declined from 36.4% to 31.3%. As a result, the net profit was up by 2% to Rs 3.92 crore.
FY12 Performance:
For the financial year ended March 2012, total income from operations increased by 12% to Rs 163.1 crore. Operating margins declined by 171 bps to 21.5% on the back of increase in employee cost by 102 bps to 18.7%, car hire charges to 136 bps to 28.6% and service charges by 70 bps to 10.6% as percentage to total income from operations. Operating profit increased by 3% to Rs 35.07 crore.
Other income increased by 101% to Rs 3.39 crore. There was decrease in interest cost by 65% to Rs 0.08 crore and increase in depreciation by 6% to Rs 10.61 crore. The PBT was up by 10% to Rs 27.77 crore. Tax outgo stood at Rs 8.71 crore. As a result, the net profit was up by 14% to Rs 19.06 crore.
Other Information:
The Board of Directors of the Company has recommended subjected to approval of share holders a a dividend of 4.25 per share of Rs10/- each for the finacial year ended 31.03.2012.
The promoter shareholding remains unchanged at 61.69%
The scrip is hovering at Rs 180 at BSE
International Travel House: Results
| 1203(03) | 1103(03) | Var(%) | 1203(12) | 1103(12) | Var(%) |
| Income from Operations | 39.59 | 41.37 | -4 | 163.10 | 146.07 | 12 |
| OPM(%) | 19.1 | 19.0 | | 21.5 | 23.2 | |
| Operating Profit | 7.58 | 7.84 | -3 | 35.07 | 33.91 | 3 |
| Other Income | 0.82 | 0.74 | 11 | 3.39 | 1.69 | 101 |
| PBIDT | 8.40 | 8.58 | -2 | 38.46 | 35.60 | 8 |
| Interest | 0.01 | 0.04 | -75 | 0.08 | 0.23 | -65 |
| PBDT | 8.39 | 8.54 | -2 | 38.38 | 35.37 | 9 |
| Depreciation | 2.68 | 2.52 | 6 | 10.61 | 10.02 | 6 |
| PBT | 5.71 | 6.02 | -5 | 27.77 | 25.35 | 10 |
| Tax | 1.79 | 2.19 | -18 | 8.71 | 8.64 | 1 |
| Net Profit | 3.92 | 3.83 | 2 | 19.06 | 16.71 | 14 |
| EPS | 19.6 | 19.2 | | 23.9 | 20.9 | |
Annualised on equity capital of Rs 7.99 crore.
Face Value: Rs 10 per share
Figures in Rs crore
Source: Capitaline corporate database |