Un-audited Consolidated Financials Results for the Quarter ended 30th September 2015.

Transcription

1 8K MILES SOFTWARE SERVICES LTD Un-audited Consolidated Financials Results for the Quarter ended 30th September I For the Quarter Ended Rupees in Lakhs Year ended 30-Sep Jun Sep Mar-15 Un-audited Un-audited Un-audited Audited INCOME a) Project Revenues/operating income 6, , , , b) Other Income TOTAL INCOME 6, , , , II EXPENDITURE a) Salaries and employment cost 2, , , , b) Selling, General and Administrative cost 1, , , c) Depreciation and Amortisation TOTAL EXPENDITURE 4, , , , III Profit from operations before Exceptional items, interest and Tax 1, , , Exceptional items IV Profit after exceptional items but before interest and Tax 1, , , Interest (1.61) (0.25) (6.15) (44.77) V Profit from operation before Tax 1, , , VI Tax Expenses Net profit for the Period/Year after Tax 1, , VII Minority interest VIII Profit attributable to shareholders of the Company , IX Paid Up Equity Share Capital ( Face value 1, , , , of the Share - Rs.10/-share) Reserves (excluding Revaluation Reserve) Earning per Share (EPS ) - Basic and Diluted K Miles Software Services Limited Chennai, 8th July October Jayashree Jagannathan Company Secretary & Compliance Officer

2 8K MILES SOFTWARE SERVICES LTD Un-audited Standalone Financials Results for the Quarter ended 30th September I Rupees in Lakhs For the Quarter Ended Year ended 30-Sep Jun Sep Mar-15 Un-audited Un-audited Un-audited Audited INCOME a) Project Revenues/operating income , b) Other Income TOTAL INCOME , II EXPENDITURE a) Salaries and employment cost b) Selling, General and Administrative cost c) Depreciation and Amortisation TOTAL EXPENDITURE , III Profit from operations before Exceptional items, interest and Tax Exceptional items IV Profit after exceptional items but before interest and Tax Interest (1.61) (0.25) (6.15) (44.69) V Profit from operation before Tax VI Tax Expenses Net profit for the Period/Year after Tax VII Minority interest VIII Profit attributable to shareholders of the Company IX Paid Up Equity Share Capital ( Face value 1, , , , of the Share - Rs.10/-share) Reserves (excluding Revaluation Reserve) Earning per Share (EPS ) - Basic and Diluted X Public Share Holding.-Number of Shares 4,086,974 4,086,974 3,386,974 3,686,974.-Percentage of shareholding XI Promotors and Promotors Group Share Holding a) Pledge/ Encumbered -Number of Shares Percentage of Shares(as a % age of total Share holding of promotor and promotor group) -Percentage of Shares(as a % age of total Share capital of the company) b) Non - Encumbered -Number of Shares 6,657,128 6,657,128 6,657,128 6,657,128 -Percentage of Shares(as a % age of total Share holding of promotor and promotor group) -Percentage of Shares(as a % age of total Share capital of the company) XI INVESTORS COMPLAINTS Pending at the beginning of the Quarter 0 Received durng the Quarter 0 Disposed off during the Quarter 0 Remaining un-resolved at the end of the Quarter 0 Notes: 1 The above un-audited consolidated and standalone financial results for the quarter ended June 30, 2015 have been reviewed by the Audit Committee and approved by the Board of Directors on 8th of October The consolidated results of the group includes 5 subsidiaries. 3 The figures for the corresponding previous period have been restated/regrouped, wherever necessary. 8K Miles Software Services Limited Chennai, 8th July October Jayashree Jagannathan Company Secretary & Compliance Officer

3 8K MILES SOFTWARE SERVICES LTD Un-audited Consolidated Statement of Assets and Liabilities Value in Rupees Unaudited At As Audited As At (a) Share capital 107,441, ,441,020 (b) Reserves and Surplus 1,418,373, ,437,957 1,525,814, ,878, ,970, ,401, ,298, ,016,000 (a) Long Term Borrowings - - (b) Deferred Tax Liability (net) 5,697,841 5,779,094 (c) Other long term liabilities - - (d) Long Term Provisions - - 5,697,841 5,779,094 Current Liabilities (a) Short Term Borrowings - - (b) Trade Payables 32,349,625 - (c) Other Current Liabilities 84,836,263 87,508,410 (d) Short Term Provisions 61,665,489 59,951, ,851, ,459,871 2,420,632,148 1,518,535,053 (a) Fixed Assets (i) Tangible Assets 51,042,108 29,151,947 (ii) Intangible Assets 1,300,264, ,022,552 (iii) Product under development 235,777, ,012,727 1,587,084, ,187,226 (b) Non-Current Investments (c) Deferred Tax Assets (net) - (d) Long Term Loans and Advances 6,310,525 6,235,000 (e) Other Non-Current Assets 63,372,793 63,372,793 69,683,318 69,607,793 Sub-Total - Non-current assets 1,656,767,682 1,059,795,019 Current assets (a) Current Investments - - (b) Inventories - - (c) Trade Receivables 566,809, ,425,658 (d) Cash and Cash Equivalents 148,908, ,831,232 (e) Short Term Loans and Advances 1,055, ,782 (f) Other Current Assets 47,091,042 29,366,361 Sub - Total - Current assets 763,864, ,740,033 TOTAL ASSETS 2,420,632,148 1,518,535,053

4 8K MILES SOFTWARE SERVICES LTD Un-audited Standalone Statement of Assets and Liabilities Value in Rupees Unaudited As At Audited As At (a) Share capital 107,441, ,441,020 (b) Reserves and Surplus 406,903, ,967, ,344, ,408, ,298, ,016,000 (a) Long Term Borrowings - (b) Deferred Tax Liability (net) 5,697,841 5,697,841 (c) Other long term liabilities - - (d) Long Term Provisions - - 5,697,841 5,697,841 Current Liabilities (a) Short Term Borrowings - - (b) Trade Payables - - (c) Other Current Liabilities 56,349,138 7,219,538 (d) Short Term Provisions 1,013,031 3,367,887 57,362,169 10,587, ,702, ,709,971 (a) Fixed Assets (i) Tangible Assets (net) 10,965,292 11,487,685 (ii) Intangible Assets (net) 69,607,859 96,984,235 (iii) Product under development 18,946,797 8,970,697 99,519, ,442,617 (b) Non-Current Investments 471,940, ,078,035 (c) Deferred Tax Assets (net) - (d) Long Term Loans and Advances 6,310,525 6,235,000 (e) Other Non-Current Assets 63,372,793 63,372, ,623, ,685,828 Sub-Total - Non-current assets 641,143, ,128,445 Current assets (a) Current Investments - - (b) Inventories - - (c) Trade Receivables 40,948,521 45,302,195 (d) Cash and Cash Equivalents 9,420,844 50,911,306 (e) Short Term Loans and Advances 1,055, ,782 (f) Other Current Assets 2,134,270 6,251,243 Sub - Total - Current assets 53,558, ,581,526 TOTAL ASSETS 694,702, ,709,971

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6 Chennai, India - October 8, 2015 PRESS RELEASE 8K Miles Software Services, Ltd., a leading secure cloud solutions provider, today announced the Company s unaudited financial results for the quarter ended September 30, 2015 as approved by the Board of Directors. 8K Miles secure cloud offerings includes innovations around service delivery models addressing better care for patients and lower costs through improvement for health care system. We see strong growth in our solutions for Healthcare and Life Science industries and expects to attain leadership position over next 24 months - said Mr. Suresh Venkatachari, Chairman and Managing Director, 8K Miles Software Services, Ltd. Consolidated Financial Highlights for the Quarter ended September 30, 2015: Q2 FY 16 Q-o-Q growth Y-o-Y growth Revenue (INR Lakhs) 6,109 21% 126% EBITDA (INR Lakhs) 2,115 33% 150% PBT (INR Lakhs) 1,570 27% 146% PAT before minority interest 1,203 25% 142% PAT after minority interest % 111% Earnings Per Share (EPS) % 97% Standalone Financial Highlights for the Quarter ended September 30, 2015: Q2 FY 16 Q-o-Q growth Y-o-Y growth Revenue (INR Lakhs) 412 4% 29% EBITDA (INR Lakhs) 192 6% 43% PBT (INR Lakhs) 43 26% 54% PAT (INR Lakhs) 29 26% 93% Earnings Per Share (EPS) % 80% At the Board of Directors Meeting today, the Board has allotted 150,000 Equity Shares to one of the Promoter Mr. R S Ramani on conversion of warrants. With this allotment, the stake of the promoter and promoter group has increased the Promoters holding from 61.96% (66,57,128 shares) to 62.48% (68,07,128 shares) Key Quarter Highlights: Acquired NexAge Technologies USA Inc., - a leading Regulatory Compliance and Technology Solutions Company for the Life Sciences Industry in the USA to strengthen Life Sciences competency of the 8K Miles Solutions portfolio. NexAge provides access to the Enterprise clients and Pharma technology solutions, while adding over 60 experts in Regulatory Compliance, Validation and Life Sciences. Added new customers in Healthcare and Life Sciences industries for Cloud Transformation and Electronic Health Records implementation. Working on Health Information Exchange (HIE) framework in collaboration with Hospitals. Achieved Audited Managed Service Partner status with AWS Partnered with IBM to offer Security Solutions on multiple public clouds

7 About 8K Miles: 8K Miles Software Services is a global Cloud, SaaS & Security Solutions company based in the San Francisco Bay area and a publicly traded company listed on Indian Stock Exchanges (NSE and BSE). 8KMiles Software Services provides digital technology solutions SMAC (Social, Mobile, Analytics and Cloud) for seamless connectivity between consumers, SMBs, large enterprises, healthcare providers and pharmaceutical companies secured with EzIAM SaaS offering, CloudEzRx solution and our patented MISP platform for accelerated Business Partner federations. R S Ramani Whole Time Director