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Ksolves India Limited — Interim / Quarterly Report 2023
Jan 15, 2023
59517_rns_2023-01-15_7c98a857-5cab-4a8e-8f1f-d18c04edfc59.pdf
Interim / Quarterly Report
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Date: January 15, 2023
To
| Listing Compliance National Stock Exchange of India Ltd. Exchange Plaza, Plot no. C/1, G Block, Bandra-Kurla Complex, Bandra (E) Mumbai – 400051 |
Listing Compliance The Bombay Stock Exchange Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001. |
|---|---|
Subject : Outcome of the Meeting of the Board of Directors of Ksolves India Limited held on January 15, 2023
Ref : Reg. 30 and Reg.33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
BSE Scrip Code: 543599; NSE Symbol; KSOLVES; ISIN: INE0D6I01015
Dear Sir/Madam
Pursuant to the above-captioned subject, kindly note that the Board of Directors of the Company at its meeting held today on Sunday, January 15, 2023, have inter alia considered and approved the following:
-
Un-Audited Financial Results of the Company for the third quarter and nine months ended December 31, 2022.
-
Un-Audited Consolidated Financial Results of the Company for the third quarter and nine months ended December 31, 2022.
In respect of the aforementioned approved items, please find enclosed herewith:
Un-audited Standalone Financial results and Un-audited Consolidated Financial Results for third quarter and nine months ended December 31, 2022, along with the Limited review reports thereon.
1:05
The said meeting commenced at 11:45 a.m. and concluded at ____ p.m.
Further, the Trading Window for dealing in its securities shall remain closed until 48 hours from this announcement. The same is being duly communicated to all the Designated Persons.
A copy of the above result and other enclosures is being also made available on the Company’s website i.e., www.ksolves.com
This is for your information and records.
For Ksolves India Limited
MANISH Digitally signed by MANISHA KIDE A KIDE Date: 2023.01.15 13:01:19 +05'30'
Manisha Kide Company Secretary & Compliance Officer
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A Y & COMPANY 505, Fifth Floor, ARG Corporate Park Gopal Bari, Ajmer Road, Jaipur (Raj.) TEL NO. - +91-8003056441 Email: [email protected]
Independent Auditor's Review Report On The Quarterly Unaudited Standalone Financial Results Of The Company Pursuant To The Regulation 33 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015, As Amended
Review Report To The Board of Directors Ksolves India Limited
-
We have reviewed the accompanying statement of unaudited standalone financial results of Ksolves India Limited (the 'Company') for the quarter & nine months ended on December 31, 2022 (the "Statement") attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('the Regulation') as amended, read with SEBI Circular No. CIR/CFD/CMD1/44/2019 dated March 29, 2019 ('the Circular').
-
The preparation of this Statement is the responsibility of the Company's management and has been approved by the Board of Directors of the Company. Our responsibility is to issue a report on the Statement based on our review.
-
We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.
-
Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the applicable Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other recognised accounting practices and policies has not disclosed the information required to be disclosed in terms of the Regulation, read with the Circular, including the manner in which it is to be disclosed, or that it contains any material misstatement.
For A Y & Company Chartered Accountants FRN: 020829C Yashika Gianchandani Partner M. No. 420219 UDIN: 23420219BGXXXO6444 Place: Delhi Date: 15.01.2023
| 317/276, Second floor, La Statement of Unaudited Standalone Financial Results for the |
317/276, Second floor, La Statement of Unaudited Standalone Financial Results for the |
KSOLVES INDIA LIMITED CIN - L72900DL2014PLC269020 ne no.3, Mehrauli Road, Saidulajab, Saket, South Delhi, New Delhi - 110030 India Quarter & Nine Months ended on December 31, 2022 Pursuant to regulation 33 of SEBI (LODR) Regulation, 2015 (Amount in Lakhs) (Formerly Known as Ksolves India Private Limited) Website - www.ksolves.com; Email : [email protected] |
KSOLVES INDIA LIMITED CIN - L72900DL2014PLC269020 ne no.3, Mehrauli Road, Saidulajab, Saket, South Delhi, New Delhi - 110030 India Quarter & Nine Months ended on December 31, 2022 Pursuant to regulation 33 of SEBI (LODR) Regulation, 2015 (Amount in Lakhs) (Formerly Known as Ksolves India Private Limited) Website - www.ksolves.com; Email : [email protected] |
KSOLVES INDIA LIMITED CIN - L72900DL2014PLC269020 ne no.3, Mehrauli Road, Saidulajab, Saket, South Delhi, New Delhi - 110030 India Quarter & Nine Months ended on December 31, 2022 Pursuant to regulation 33 of SEBI (LODR) Regulation, 2015 (Amount in Lakhs) (Formerly Known as Ksolves India Private Limited) Website - www.ksolves.com; Email : [email protected] |
KSOLVES INDIA LIMITED CIN - L72900DL2014PLC269020 ne no.3, Mehrauli Road, Saidulajab, Saket, South Delhi, New Delhi - 110030 India Quarter & Nine Months ended on December 31, 2022 Pursuant to regulation 33 of SEBI (LODR) Regulation, 2015 (Amount in Lakhs) (Formerly Known as Ksolves India Private Limited) Website - www.ksolves.com; Email : [email protected] |
KSOLVES INDIA LIMITED CIN - L72900DL2014PLC269020 ne no.3, Mehrauli Road, Saidulajab, Saket, South Delhi, New Delhi - 110030 India Quarter & Nine Months ended on December 31, 2022 Pursuant to regulation 33 of SEBI (LODR) Regulation, 2015 (Amount in Lakhs) (Formerly Known as Ksolves India Private Limited) Website - www.ksolves.com; Email : [email protected] |
KSOLVES INDIA LIMITED CIN - L72900DL2014PLC269020 ne no.3, Mehrauli Road, Saidulajab, Saket, South Delhi, New Delhi - 110030 India Quarter & Nine Months ended on December 31, 2022 Pursuant to regulation 33 of SEBI (LODR) Regulation, 2015 (Amount in Lakhs) (Formerly Known as Ksolves India Private Limited) Website - www.ksolves.com; Email : [email protected] |
|---|---|---|---|---|---|---|---|
| Particulars | Quarter ended on 31/12/2022 |
Quarter ended on 30/09/2022 |
Quarter ended on 31/12/2021 |
Year to date figures for year ended on 31/12/2022 |
Year to date figures for the year ended 31/12/2021 |
Year to date figures for the previous year ended 31/03/2022 |
|
| Unaudited | Unaudited | Unaudited | Unaudited | Unaudited | Audited | ||
| INCOME FROM OPERATIONS | |||||||
| I | Revenue from Operations | 2028.13 | 1826.27 | 1196.89 | 5465.44 | 3175.67 | 4,534.58 |
| II | Other Income | 2.92 | 5.67 | 39.83 | 19.75 | 120.69 | 125.97 |
| III | Total Revenue(I+II) | 2031.05 | 1831.94 | 1236.72 | 5485.19 | 3296.36 | 4660.56 |
| IV | EXPENSES | ||||||
| Cost of Material Consumed | - | - | - | - | - | - | |
| Purchase of Stock in Trade | - | - | - | - | - | - | |
| Change in inventories of Finished Goods, Work-in-progress & Stock in Trade |
- | - | - | - | - | - | |
| Employee Benefit Expenses | 911.53 | 806.75 | 562.41 | 2428.55 | 1413.98 | 2042.76 | |
| Finance Cost | - | - | - | - | - | - | |
| Depreciation &Amortization Expense | 10.47 | 7.95 | 9.60 | 28.50 | 26.06 | 30.09 | |
| Other Expenses | 287.78 | 208.61 | 143.78 | 662.11 | 407.87 | 558.68 | |
| Total expenses(IV) | 1209.78 | 1023.31 | 715.78 | 3119.16 | 1847.90 | 2631.53 | |
| V | Profit before Exceptional & Extraordinary Items and tax (III-IV) | 821.28 | 808.63 | 520.94 | 2366.04 | 1448.46 | 2029.03 |
| VI | Exceptional Items | - | - | - | - | - | - |
| VII | Profit before Extraordinary Items and tax(V-VI) | 821.28 | 808.63 | 520.94 | 2366.04 | 1448.46 | 2029.03 |
| VIII | ExtraordinaryItems | - | - | - | - | - | - |
| IX | Profit before tax (VII-VIII) | 821.28 | 808.63 | 520.94 | 2366.04 | 1448.46 | 2029.03 |
| X | Tax Expenses | ||||||
| 1 Current Tax | 202.99 | 211.39 | 123.34 | 601.97 | 343.03 | 494.82 | |
| 2 Deferred Tax | 5.08 | (0.08) | (1.13) | (4.71) | (3.21) | (9.74) | |
| Total Tax Expenses(X) | 208.07 | 211.31 | 122.21 | 597.26 | 339.82 | 485.08 | |
| XI | Profit/(Loss) for theperiod from continuing operations(IX-X) | 613.21 | 597.33 | 398.73 | 1768.78 | 1108.64 | 1543.95 |
| XII | Profit/(Loss)from discontinuingoperation | - | - | - | - | - | - |
| XIII | Tax Expenses of discontinuingoperations | - | - | - | - | - | - |
| XIV | Profit/(Loss) from discontinuing operation after tax(XII-XIII) | - | - | - | - | - | - |
| XV | Profit(Loss) for the Period(XI+XIV) | 613.21 | 597.33 | 398.73 | 1768.78 | 1108.64 | 1543.95 |
| XVI | Other Comprehensive Income | ||||||
| Items that will not be reclassified toprofit or loss | |||||||
| - Remeasurement Gains/(Losses)on Defined Benefit Plans | -4.63 | -10.76 | -10.23 | -25.41 | -12.39 | -16.80 | |
| - Income Tax on above | 1.17 | 2.71 | 2.57 | 6.40 | 3.12 | 4.23 | |
| XVII | Total Other Comprehensive Income | -3.47 | -8.05 | -7.65 | -19.02 | -9.27 | -12.57 |
| XVIII | Total Comprehensive Income for theyear | 609.74 | 589.27 | 391.08 | 1749.76 | 1099.37 | 1531.38 |
| XIX | Paid up Equity Share Capital | 1185.60 | 1185.60 | 1185.60 | 1185.60 | 1185.60 | 1185.60 |
| XX | Reserves & Surplus | 709.58 | 633.36 | 392.44 | 709.58 | 392.44 | 441.82 |
| XXI | Earningsper equityshare | ||||||
| (1)Basic | 5.17 | 5.04 | 3.36 | 14.92 | 9.35 | 13.02 | |
| (2)Diluted | 5.17 | 5.04 | 3.36 | 14.92 | 9.35 | 13.02 | |
| Notes:- | |||||||
| 1. The above Standalone Unaudited Financial Results have been reviewed bythe Audit | Committee and approved bythe Board of Directors of the Companyat their respective meetingheld on January15,2023 | ||||||
| 2. The StatutoryAuditors of the Companyhave carried out the Limited Review of the ab | ove financial results of the Companyand have expressed an unmodified opnion on these Results | ||||||
| 3. The Companyis onlyhavingone segment of business i.e. Information TechnologySer | vices. | ||||||
| 4. There are no investor complaints received/pendingas on December 31,2022 | |||||||
| 5. Previousyear's/period figures have been regrouped/ reclassified/ restated,wherever n | ecessaryto confirm to classification of currentyear/period. | ||||||
| 6. The Company has implemented Indian Accounting Standards (Ind AS) from the curre earnings on account of this implementation. These are the Company's first interim financ amended from time to time. Figures for the respective commparativeperiod have been re |
nt financial year 2022-23 with the transition date being 1 April 2021. Accordingly, all conseqnetial impacts have been accounted in retained ial result prepared in accordance with Ind AS as notified under the Companies (Indian Accounting Standards) Rules, 2015 and rules thereunder as stated,wherever applicable. Details of Ind AS adjustments are as under: |
||||||
| Reconciliation of Standalone Statement of Profit & loss: | |||||||
| Particulars | For theQuarter Ended | For Nine Months Ended on |
For the Year Ended | ||||
| 31.12.2021 | 31.12.2021 | 31.03.2022 | |||||
| Profit After Tax Asper Indian GAAP | 389.73 | 1095.32 | 1527.35 | ||||
| Add/Less : Ind AS Adjustment : | |||||||
| Increase/(Decrease)in Deferred Tax Assets | -2.57 | -3.12 | -1.36 | ||||
| Increase in Tax Impact on OCI | 2.57 | 3.12 | 0.00 | ||||
| Decrease in Share Issue Expenses | 1.35 | 4.06 | 5.39 | ||||
| Total Comprehensive Income Asper Ind AS | 391.08 | 1099.37 | 1531.38 |
For Ksolves India Limited
ratan Digitally signed by ratan kumar kumar srivastava srivastava Date: 2023.01.15 13:07:20 +05'30' Ratan Kumar Srivastava Chairman Cum Managing Director DIN : 05329338
Place : Delhi Date : January 15, 2023
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A Y & COMPANY 505, Fifth Floor, ARG Corporate Park Gopal Bari, Ajmer Road, Jaipur (Raj.) TEL NO. - +91-8003056441 Email: [email protected]
Independent Auditor's Review Report On the Quarterly Unaudited Consolidated Financial Results of the Company Pursuant to The Regulation 33 Of The SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, As Amended
Review Report To The Board of Directors Ksolves India Limited
-
We have reviewed the accompanying Statement of unaudited Consolidated Financial Results of Ksolves India Limited ("the Parent"), which includes its subsidiary (the Parent and its subsidiaries together referred to as 'the Group') for the quarter & nine months ended on December 31, 2022 (the "Statement") attached herewith, being submitted by the Parent pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('the Regulation') read with SEBI Circular No. CIRICFD/CMD1/44/2019 dated March 29,2019 ('the Circular').
-
This Statement, which is the responsibility of the Parent's Management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India read with the Circular. Our responsibility is to express a conclusion on the Statement based on our review.
-
We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of lnterim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of lndia. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
We also performed procedures in accordance with the Circular issued by the Securities and Exchange Board of lndia under Regulation 33(8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended, to the extent applicable.
-
The Statement includes the results of the following entities:
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Kartik Solutions Private Limited (A Company incorporated under Companies Act, 2013).
-
Ksolves LLC (Incorporated in United States of America)
-
The accompanying Statement includes the unaudited interim financial results and other financial information of subsidiary companies whose interim financial results reflects reflect total assets of Rs. 83.18 Lakhs as at December 31, 2022, and total revenue of Rs. 41.97 & 204.29 Lakhs , total net profit of Rs. 4.40 Lakhs and (30.23 Lakhs) total comprehensive income of Rs. 4.40 Lakhs and (30.23
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A Y & COMPANY
505, Fifth Floor, ARG Corporate Park Gopal Bari, Ajmer Road, Jaipur (Raj.) TEL NO. - +91-8003056441 Email: [email protected]
Lakhs) for the quarter & nine months ended on December 31, 2022 respectively as considered in the unaudited consolidated financial results. The Unaudited financial results of subsidiary company incorporated in India has been reviewed by other independent auditor & of incorporated in USA is reviewed by the management itself since the law of that country doesn’t required the Independent Audit. Review reports has been submitted to us by the management & our conclusion on the statement in so far as it relates to amounts and disclosure in the financial statements of subsidiary company is based solely on the report of other auditor/management certification & procedure performed by us as stated in paragraph 3 above. Our conclusion, in so far as it relates to the affairs of such subsidiary is based solely on the report of such auditors/management. Our conclusion is not modified in respect of this matter.
- Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the management review reports of subsidiary company referred to in paragraph 5 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with recognition and measurement principles laid down in the aforesaid Indian Accounting Standard specified under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Regulation, read with the Circular, including the manner in which it is to be disclosed, or that it contains any material misstatement.
For A Y & Company Chartered Accountants FRN: 020829C
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Yashika Gianchandani Partner M. No. 420219 UDIN: 23420219BGXXXP6633 Place: Delhi Date: 15.01.2023
| 317/276, Second floor, L Statement of Unaudited Consolidated Financial Results for |
317/276, Second floor, L Statement of Unaudited Consolidated Financial Results for |
KSOLVES INDIA LIMITED CIN - L72900DL2014PLC269020 ane no.3, Mehrauli Road, Saidulajab, Saket, South Delhi, New Delhi - 110030 India the Quarter & Nine Months ended on December 31, 2022 Pursuant to regulation 33 of SEBI (LODR) Regulation, 2015 (Amount in Lakhs) (Formerly Known as Ksolves India Private Limited) Website - www.ksolves.com; Email : [email protected] |
KSOLVES INDIA LIMITED CIN - L72900DL2014PLC269020 ane no.3, Mehrauli Road, Saidulajab, Saket, South Delhi, New Delhi - 110030 India the Quarter & Nine Months ended on December 31, 2022 Pursuant to regulation 33 of SEBI (LODR) Regulation, 2015 (Amount in Lakhs) (Formerly Known as Ksolves India Private Limited) Website - www.ksolves.com; Email : [email protected] |
KSOLVES INDIA LIMITED CIN - L72900DL2014PLC269020 ane no.3, Mehrauli Road, Saidulajab, Saket, South Delhi, New Delhi - 110030 India the Quarter & Nine Months ended on December 31, 2022 Pursuant to regulation 33 of SEBI (LODR) Regulation, 2015 (Amount in Lakhs) (Formerly Known as Ksolves India Private Limited) Website - www.ksolves.com; Email : [email protected] |
KSOLVES INDIA LIMITED CIN - L72900DL2014PLC269020 ane no.3, Mehrauli Road, Saidulajab, Saket, South Delhi, New Delhi - 110030 India the Quarter & Nine Months ended on December 31, 2022 Pursuant to regulation 33 of SEBI (LODR) Regulation, 2015 (Amount in Lakhs) (Formerly Known as Ksolves India Private Limited) Website - www.ksolves.com; Email : [email protected] |
KSOLVES INDIA LIMITED CIN - L72900DL2014PLC269020 ane no.3, Mehrauli Road, Saidulajab, Saket, South Delhi, New Delhi - 110030 India the Quarter & Nine Months ended on December 31, 2022 Pursuant to regulation 33 of SEBI (LODR) Regulation, 2015 (Amount in Lakhs) (Formerly Known as Ksolves India Private Limited) Website - www.ksolves.com; Email : [email protected] |
KSOLVES INDIA LIMITED CIN - L72900DL2014PLC269020 ane no.3, Mehrauli Road, Saidulajab, Saket, South Delhi, New Delhi - 110030 India the Quarter & Nine Months ended on December 31, 2022 Pursuant to regulation 33 of SEBI (LODR) Regulation, 2015 (Amount in Lakhs) (Formerly Known as Ksolves India Private Limited) Website - www.ksolves.com; Email : [email protected] |
|---|---|---|---|---|---|---|---|
| Particulars | Quarter ended on 31/12/2022 |
Quarter ended on 30/09/2022 |
Quarter ended on 31/12/2021 |
Year to date figures for year ended on 31/12/2022 |
Year to date figures for the year ended 31/12/2021 |
Year to date figures for the previous year ended 31/03/2022 |
|
| Unaudited | Unaudited | Unaudited | Unaudited | Unaudited | Audited | ||
| INCOME FROM OPERATIONS | |||||||
| I | Revenue from Operations | 2055.20 | 1850.26 | 1220.11 | 5556.69 | 3284.33 | 4,706.86 |
| II | Other Income | 3.06 | 5.79 | 40.65 | 20.05 | 121.82 | 126.53 |
| III | Total Revenue(I+II) | 2058.26 | 1856.05 | 1260.76 | 5576.74 | 3406.15 | 4833.39 |
| IV | EXPENSES | ||||||
| Cost of Material Consumed | - | - | - | - | - | - | |
| Purchase of Stock in Trade | - | - | - | - | - | - | |
| Change in inventories of Finished Goods, Work-in-progress & Stock in Trade |
- | - | - | - | - | - | |
| Employee Benefit Expenses | 911.53 | 806.74 | 562.41 | 2456.05 | 1421.77 | 2050.54 | |
| Finance Cost | - | - | 0.05 | - | 0.31 | 0.32 | |
| Depreciation &Amortization Expense | 14.40 | 12.68 | 14.34 | 41.87 | 39.34 | 49.07 | |
| Other Expenses | 308.50 | 234.27 | 153.71 | 743.62 | 440.91 | 642.02 | |
| Total expenses(IV) | 1234.43 | 1053.69 | 730.51 | 3241.54 | 1902.32 | 2741.96 | |
| V | Profit before Exceptional & Extraordinary Items and tax (III-IV) | 823.84 | 802.36 | 530.25 | 2335.20 | 1503.83 | 2091.43 |
| VI | Exceptional Items | - | - | - | - | - | - |
| VII | Profit before Extraordinary Items and tax(V-VI) | 823.84 | 802.36 | 530.25 | 2335.20 | 1503.83 | 2091.43 |
| VIII | ExtraordinaryItems | - | - | - | - | 7.49 | - |
| IX | Profit before tax (VII-VIII) | 823.84 | 802.36 | 530.25 | 2335.20 | 1496.34 | 2091.43 |
| X | Tax Expenses | ||||||
| 1 Current Tax | 200.52 | 211.39 | 129.60 | 601.93 | 354.86 | 512.93 | |
| 2 Deferred Tax | 5.72 | (0.62) | (1.37) | (5.13) | (5.91) | (10.90) | |
| Total Tax Expenses(X) | 206.24 | 210.77 | 128.23 | 596.80 | 348.94 | 502.03 | |
| XI | Profit/(Loss) for theperiod from continuing operations(IX-X) | 617.60 | 591.59 | 402.02 | 1738.40 | 1147.40 | 1589.39 |
| XII | Profit/(Loss)from discontinuingoperation | - | - | - | - | - | - |
| XIII | Tax Expenses of discontinuingoperations | - | - | - | - | - | - |
| XIV | Profit/(Loss) from discontinuing operation after tax(XII-XIII) | - | - | - | - | - | - |
| XV | Profit(Loss) for the Period(XI+XIV) | 617.60 | 591.59 | 402.02 | 1738.40 | 1147.40 | 1589.39 |
| XVI | Other Comprehensive Income | ||||||
| Items that will not be reclassified toprofit or loss | |||||||
| - Remeasurement Gains/(Losses)on Defined Benefit Plans | -4.63 | -10.76 | -10.23 | -25.41 | -12.39 | -16.80 | |
| - Income Tax on above | 1.17 | 2.71 | 2.57 | 6.40 | 3.12 | 4.23 | |
| XVII | Total Other Comprehensive Income | -3.47 | -8.05 | -7.66 | -19.02 | -9.27 | -12.57 |
| XVIII | Total Comprehensive Income for theyear | 614.13 | 583.53 | 394.36 | 1719.38 | 1138.13 | 1576.82 |
| XIX | Paid up Equity Share Capital | 1185.60 | 1185.60 | 1185.60 | 1185.60 | 1185.60 | 1185.60 |
| XX | Reserves & Surplus | 719.41 | 638.80 | 425.94 | 719.41 | 425.94 | 482.02 |
| XXI | Earningsper equityshare | ||||||
| (1)Basic | 5.21 | 4.99 | 3.39 | 14.66 | 9.68 | 13.41 | |
| (2)Diluted | 5.21 | 4.99 | 3.39 | 14.66 | 9.68 | 13.41 | |
| Notes:- | |||||||
| 1. The above Consolidated Unaudited Financial Results have been reviewed bythe Aud | it Committee and approved bythe Board of Directors of the Companyat their respective meetingheld on January15,2023 | ||||||
| 2. The StatutoryAuditors of the Companyhave carried out the Limited Review of the ab | ove financial results of the Companyand have expressed an unmodified opnion on these Results | ||||||
| 3. The Companyis onlyhavingone segment of business i.e. Information TechnologySe | rvices. | ||||||
| 4. There are no investor complaints received/pendingas on December 31,2022 | |||||||
| 5. Previousyear's/period figures have been regrouped/ reclassified/ restated,wherever n | ecessaryto confirm to classification of currentyear/period. | ||||||
| 6. The Company has implemented Indian Accounting Standards (Ind AS) from the curre account of this implementation. These are the Company's |
first interim financial result pr time to time. Figures for the respective commparativeperiod have been restated,wherev |
nt financial year 2022-23 with the transition date being 1 April 2021. Accordingly, all conseqnetial impacts have been accounted in retained earnings on epared in accordance with Ind AS as notified under the Companies (Indian Accounting Standards) Rules, 2015 and rules thereunder as amended from er applicable. Details of Ind AS adjustments are as under: |
|||||
| Reconciliation of Consolidated Statement of Profit & loss: | |||||||
| Particulars | For theQuarter Ended | For the Nine Months Ended |
For the Year Ended |
||||
| 31.12.2021 | 31.12.2021 | 31.03.2022 | |||||
| Profit After Tax Asper Indian GAAP | 393.01 | 1134.08 | 1572.79 | ||||
| Add/Less : Ind AS Adjustment : | |||||||
| Increase/(Decrease)in Deferred Tax Assets | -2.57 | -3.12 | -1.36 | ||||
| Increase in Tax Impact on OCI | 2.57 | 3.12 | 0.00 | ||||
| Decrease in Share Issue Expenses | 1.35 | 4.05 | 5.39 | ||||
| Total Comprehensive Income Asper Ind AS | 394.36 | 1138.13 | 1576.82 |
For Ksolves India Limited
ratan kumar Digitally signed by ratan kumar srivastava srivastava Date: 2023.01.15 13:07:59 +05'30'
Ratan Kumar Srivastava Chairman Cum Managing Director DIN : 05329338
Place : Delhi Date : January 15, 2023