International Travel House Ltd Share Price – NSE  / BSE

Miscellaneous, Small Cap

The domestic equity benchmarks traded with moderate losses in early-afternoon trade. The Nifty traded below the 25,100 level. IT shares witnessed profit booking after advancing in past two consecutive trading sessions.

At 12:30 IST, the barometer index, the S&P BSE Sensex was down 183.23 points or 0.22% to 81,789.80. The Nifty 50 index fell 66.10 points or 0.26% to 25,061.85.

In the broader market, the S&P BSE Mid-Cap index shed 0.03% and the S&P BSE Small-Cap index added 0.67%.

The market breadth was positive. On the BSE, 2,009 shares rose and 1,805 shares fell. A total of 136 shares were unchanged.

Economy:

The Government of India (GoI) has announced the sale (re-issue) of (i) “7.02% Government Security 2031” for a notified amount of Rs 10,000 crore (nominal) through price based auction using multiple price method, (ii) “7.23% Government Security 2039” for a notified amount of Rs 13,000 crore (nominal) through price based auction using multiple price method and (iii) “7.09% Government Security 2054” for a notified amount of Rs 10,000 crore (nominal) through price based auction using multiple price method.

GoI will have the option to retain additional subscription up to Rs 2,000 crore against each security mentioned above. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on October 18, 2024 (Friday). Up to 5% of the notified amount of the sale of the securities will be allotted to eligible individuals and institutions as per the Scheme for Non-Competitive Bidding Facility in the Auction of Government Securities.

Derivatives:

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, shed 0.15% to 13.02. The Nifty 31 October 2024 futures were trading at 25,147.15, at a premium of 85.30 points as compared with the spot at 25,061.85.

The Nifty option chain for the 31 October 2024 expiry showed maximum Call OI of 54.3 lakh contracts at the 26,000 strike price. Maximum Put OI of 44.6 lakh contracts were seen at 25,000 strike price.

Buzzing Index:

The Nifty IT index slipped 0.64% to 42,598.15. The index rose 1.86% in past two consecutive trading sessions.

Wipro (down 2.68%), Mphasis (down 2.34%), Tech Mahindra (down 1.44%), Tata Consultancy Services (down 0.61%), L&T Technology Services (down 0.40%), Infosys (down 0.07%) and Persistent Systems (down 0.06%) declined.

On the other hand, Coforge (up 0.40%), HCL Technologies (up 0.2%) and LTIMindtree (up 0.20%) edged higher.

Stocks in Spotlight :

International Travel House (ITHL) rallied 4.63% after the company’s standalone net profit jumped 31.97% to Rs 7.43 crore in Q2 FY25 as against Rs 5.63 crore posted in Q2 FY24. Revenue from operations grew 14.93% year on year (YoY) to Rs 60.94 crore in the quarter ended 30 September 2024.

J.Kumar Infraprojects added 0.70%. The company announced that it has received work order worth Rs 297.83 crore from Pune Municipal Corporation.

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Revenue from operations grew 14.93% year on year (YoY) to Rs 60.94 crore in the quarter ended 30 September 2024.

As compared to Q1 FY25, the company's net profit grew by 10.73% and revenue increased by 9.31% in Q2 FY25.

Profit before tax stood at Rs 9.92 crore in the quarter ended 30 September 2024, up 30.69% as against Rs 7.59 crore recorded in Q2 FY24.

Total expenses jumped 13.75% to Rs 52.62 crore during the quarter. Car hire charges stood at Rs 28.70 crore (up 22.08% YoY), employee benefit expenses stood at Rs 12.55 crore (up 15.35%) while service charges was at Rs 2.45 crore (down 19.93% YoY), during the period under review.

On half-year basis, the company's standalone net profit rose 10.73% to Rs 7.43 crore on 9.30% increase in revenue to Rs 60.94 crore in H1 FY25 over H1 FY24.

International Travel House (ITHL) offers a full bouquet of travel services including air ticketing, car rentals, overseas and domestic holiday packages, visa assistance, MICE management and foreign exchange services to clients. ITHL is an ITC Group company, wherein 61.69% of the equity is held by the ITC Group, and the rest by the public. The company is an International Air Transport Association (IATA) member and offers tickets of 265-member airlines by using the Billing and Settlement Plan (BSP) System of IATA.

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Net profit of International Travel House rose 31.97% to Rs 7.43 crore in the quarter ended September 2024 as against Rs 5.63 crore during the previous quarter ended September 2023. Sales rose 14.94% to Rs 60.94 crore in the quarter ended September 2024 as against Rs 53.02 crore during the previous quarter ended September 2023.

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International Travel House will hold a meeting of the Board of Directors of the Company on 14 October 2024.

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