Profit and Loss account

For the year ended March 31,	Schedule	2011	2010
Income from software services, products and business process management		55,86,98,102	59,45,13,209
Software development and business process management expenses	10	45,91,36,992	46,84,10,972
GROSS PROFIT		9,95,61,110	12,61,02,237
Selling and marketing expenses	11	16,20,972	–
General and administration expenses	12	5,78,50,464	9,89,85,572
		5,94,71,436	9,89,85,572
OPERATING PROFIT BEFORE INTEREST AND DEPRECIATION		4,00,89,674	2,71,16,665
Interest		–	3,55,341
Depreciation		1,05,34,482	1,72,58,601
OPERATING PROFIT BEFORE TAX		2,95,55,192	95,02,723
Other income, net	13	(14,74,881)	1,45,74,889
NET PROFIT BEFORE TAX		2,80,80,311	2,40,77,612
Provision for taxation	14	1,25,96,716	1,01,91,405
NET PROFIT AFTER TAX		1,54,83,595	1,38,86,207
SIGNIFICANT ACCOUNTING POLICIES AND NOTES ON ACCOUNTS	15

Note : The schedules referred to above are an integral part of the Profit and Loss account.

For Shenoy & Kamath Chartered Accountants Firms Regn. No. 006673S
M. Rathnakar Kamath Partner Membership No : 202841	D. Swaminathan Chairman of the supervisory board	B. G. Srinivas Member	Abraham Mathews Jednatel	Ritesh M. Idnani Member
Bangalore April 11, 2011