International Travel House Limited reported a 14.05% year-on-year decline in standalone net profit for the quarter ended September 30, 2026. The travel services firm logged a profit of ₹549.53 lakh, down from ₹639.39 lakh in the corresponding period last year.

Revenue from operations remained largely stable at ₹5,976.32 lakh, registering a marginal increase of 0.65% compared to ₹5,937.78 lakh in Q2FY26. However, the company witnessed a sequential dip in profitability, with net profit falling 2.53% from ₹563.77 lakh in the preceding quarter (Q1FY27).

Financial Performance Overview

The Board of Directors approved the unaudited financial results on October 13, 2026. While top-line growth was minimal, cost pressures impacted margins. Employee benefits expenses rose to ₹1,384.26 lakh from ₹1,288.18 lakh a year ago. Car hire charges, a significant component of the cost structure, increased to ₹2,704.37 lakh from ₹2,658.17 lakh.

Six-Month Trends

For the six months ended September 30, 2026, revenue stood at ₹11,502.83 lakh, a slight decrease of 1.17% from ₹11,638.47 lakh in H1FY26. Net profit for the half-year declined by 16.07% to ₹1,113.30 lakh from ₹1,326.38 lakh in the comparable period. The earnings per share (EPS) for the six-month period was ₹13.92, down from ₹16.59 previously.

What the Numbers Show

A key divergence is visible between revenue stability and expense inflation. While revenue grew by less than 1%, total expenses expanded by 3.42% YoY. This mismatch compressed the operating margin. Specifically, employee costs grew by 7.46% and car hire charges by 1.74%, outpacing the negligible revenue growth. Consequently, the Profit Before Tax margin contracted from 14.19% in Q2FY26 to 12.10% in Q2FY27, indicating that fixed and semi-variable costs are weighing heavily on profitability despite steady demand.

Regulatory and Audit Details

The results were reviewed by the Audit Committee and approved by the Board. Deloitte Haskins & Sells LLP issued a limited review report on the unaudited financials. The company operates in a single segment, 'Travel Related Services'. No dividend was declared during this reporting period. The exceptional items column shows nil impact for the current quarter, unlike the twelve months ended March 31, 2026, which included a one-time impact related to new labour codes.

International Travel House Limited passed all resolutions at its 45th Annual General Meeting held on August 25, 2026. The meeting, conducted via video conferencing, saw shareholders approve the financial statements for FY26 and declare a final dividend.

The company declared a final dividend of ₹5.50 per equity share of face value ₹10 each for the financial year ended March 31, 2026. The resolution received overwhelming support from promoter shareholders, while public non-institutional investors showed a mixed response, with 87.43% voting in favor.

Key Resolutions Passed

The following ordinary resolutions were approved by the members with the requisite majority:

• Adoption of financial statements for FY26 and reports of the Board and Auditors.
• Declaration of final dividend of ₹5.50 per share.
• Re-appointment of Mr. Ashish Rao as a director retiring by rotation.
• Approval of remuneration for statutory auditors Deloitte Haskins & Sells LLP for FY27.

Voting Dynamics

A total of 152 members attended the meeting, with 12,354 shareholders on the record date of August 18, 2026. Promoter and Promoter Group shareholders, holding 49,31,896 shares, voted in favor of all resolutions without any dissent. Public institutional shareholders did not cast votes.

Public non-institutional shareholders polled 1,66,028 votes, representing approximately 5.43% of outstanding shares. While support for the financial statements and director re-appointment was near-unanimous (above 99%), the dividend resolution saw higher opposition from this segment.

Ms. Pooja Bhatia of PB & Associates served as the scrutinizer for the e-voting process. The results were submitted to BSE Limited in compliance with SEBI Listing Regulations.