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Board Approves FY26 Results and Dividend
The Board of Directors of International Travel House Ltd met on April 27, 2026, to approve the company's audited financial results for the fiscal year ending March 31, 2026. The company reported total revenue of ₹237.64 crore (₹23,763.79 lakh). Net profit after tax for the year stood at ₹18.48 crore (₹1,848.19 lakh). Total comprehensive income for the period was ₹18.35 crore (₹1,834.79 lakh). As of March 31, 2026, the company's reserves (excluding revaluation) amounted to ₹171.32 crore (₹17,132.35 lakh). The statutory auditors provided an unmodified opinion on these financial statements.
Financial Highlights and Shareholder Returns
The reported net profit of ₹18.48 crore for FY26 shows a significant improvement for International Travel House Ltd, suggesting operational efficiency and market recovery. The Board's proposal for a final dividend of ₹5.50 per equity share signals confidence in the company's performance and its commitment to rewarding shareholders.
Company Context and Recovery
International Travel House Ltd, a subsidiary of the ITC Group, operates in the travel, tourism, and fleet management sectors. The company's financial performance reflects a notable recovery trend. With a net profit of ₹18.48 crore in FY26, the company has effectively doubled its profit compared to approximately ₹9.15 crore in FY25. This performance indicates successful navigation of market conditions and strategic improvements.
Impact of New Labor Codes
The company recognized exceptional items totaling ₹5.89 crore (₹589.00 lakh) for the twelve months ending March 31, 2026. These represent an estimated one-time impact from past service costs related to gratuity and leave with wages, arising from the new labor codes introduced by the government. International Travel House Ltd is actively monitoring the situation and will make further accounting adjustments as needed. Shareholders will also need to monitor the government's finalization of rules regarding these codes, with accounting adjustments to be made as required for future reporting.
Competitive Landscape
In the Indian market, International Travel House Ltd competes in travel and fleet management services. Key competitors include players like Thomas Cook India Ltd, which has expanded its leisure and hospitality offerings through acquisitions. International Travel House Ltd has maintained a strong compliance record with no significant regulatory actions reported in recent years.
Key Areas for Investors
Shareholders should watch for the upcoming Annual General Meeting (AGM) where the proposed final dividend of ₹5.50 per equity share will be put to a vote. Continued monitoring of the government's finalization of rules for the New Labour Codes and the company's subsequent accounting treatments will be important. Investors may also track future announcements regarding operational expansions and the company's ability to sustain its FY26 profit growth.