About Us

Financial snapshot

Q3, FY19 | Fiscal 2017-2018

Financial highlights of the quarter ended December 31, 2018

IFRS-INR cr
 This quarterLast quarter*This quarter last yearSequential growthYear-on-year growth
Revenue21,40020,60917,7943.8%20.3%
Gross Profit7,3847,3286,3440.8%16.4%
Operating Profit4,8304,8944,319(1.3%)11.8%
Net Profit-Reported3,6094,1105,129(12.2%)(29.6%)
EPS(Rs)-Reported8.309.4511.27(12.2%)(26.4%)

1. During the three months ended December 31, 2018, based on evaluation of proposals received and progress of negotiations with potential buyers, the Company concluded that it is no longer highly probable that sale would be consummated by March 31, 2019. Accordingly, Panaya and Skava have been de-classified from “held for sale” in accordance with IFRS 5. On such reclassification, the Company recognized additional depreciation and amortization expenses of ₹88 crore and an adjustment in respect of excess of carrying amount over recoverable amount of ₹451 crore in respect of Skava during the three months ended December 31, 2018.

2. During the quarter and nine months ended December 31, 2017, on account of the conclusion of an Advance Pricing Agreement (“APA”) with the U.S. Internal Revenue Service (“IRS”), the Company has, reversed income tax expense provision of ₹1,432 crore which pertains to previous periods which are no longer required.

IFRS $ m
 This quarterLast quarter*This quarter last yearSequential growthYear-on-year growth
Revenue2,9872,9212,7552.2%8.4%
Gross Profit1,0311,037982(0.6%)5.0%
Operating Profit675692669(2.6%)0.9%
Net Income-Reported502581796(13.6%)(36.9%)
EPADS($)-Reported0.120.130.17(13.6%)(33.9%)

1. During the three months ended December 31, 2018, based on evaluation of proposals received and progress of negotiations with potential buyers, the Company concluded that it is no longer highly probable that sale would be consummated by March 31, 2019. Accordingly, Panaya and Skava have been de-classified from “held for sale” in accordance with IFRS 5. On such reclassification, the Company recognized additional depreciation and amortization expenses of $12 million and an adjustment in respect of excess of carrying amount over recoverable amount of $65 million in respect of Skava during the three months ended December 31, 2018

2. During the quarter and nine months ended December 31, 2017, on account of the conclusion of an Advance Pricing Agreement (“APA”) with the U.S. Internal Revenue Service (“IRS”), the Company has, reversed income tax expense provision of $225 million which pertains to previous periods which are no longer required

*Adjusted for bonus issue

View Annual Reports