Ksolves India Limited — Regulatory Filings 2021

Jul 22, 2021

Date: June 13, 2021

To

Manager Listing Compliance National Stock Exchange of India Limited Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E), Mumbai-400 051.

Dear Sir/Madam,

Sub: Reply to Clarification sought on Financial Results submitted for March 31, 2021

Symbol: KSOLVES

With reference to the above captioned subject, we hereby submitted the Standalone and consolidated financial results for the period ended March 31, 2021 in the format as prescribed by SEBI.

Please find the enclosed herewith the Standalone and Consolidated financials for period ended March 31, 2021 for your records.

For Ksolves India Limited

Manisha Kide Company Secretary and Compliance Officer

Ksolves India Limited (Formerly known as Ksolves India Private Limited) Registered Office: H.No. B-8/1, Ground Floor, Saidulajab, Delhi, South Delhi- 110030, India Corporate Office: B-4, Third Floor, Sector-63, Noida-201301, Uttar Pradesh, India Telephone No: 9871977038 Email ld: cs@ksolves.com Website: www.ksolves.com

GIN: U72900DL2014PLE269020

(Formerly Known as Ksolves India Private Limited)

CIN - U72900DL2014PLC269020

H. No B-8/1, Ground Floor, Saidulajab, South Delhi, Delhi - 110030, India Website - www.ksolves.com; Email : cs@ksolves.com

Statement of Audited Standalone Financial Results for the Quarter & year ended on March 31, 2021 Pursuant to regulation 33 of SEBI (LODR) Regulation, 2015

						(Amount in Lakhs)
	Particulars	Quarter ended on 31/03/2021	Previous Quarter ended on 31/12/2020	Corresponding Quarter ended on 31/03/2020	Year to date figures for the year ended 31/03/2021	Year to date figures for the previous year ended 31/03/2020
		Audited	Un-audited	Audited	Audited	Audited
	INCOME FROM OPERATIONS
I	Revenue from Operations	765.00	703.21	226.76	2389.36	814.10
II	Other Income	8.60	5.73	0.20	18.71	0.41
III	Total Revenue (I+II)	773.60	708.95	226.96	2408.07	814.51
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	271.06	300.86	147.62	1055.15	481.74
	Finance Cost -		-	-	-	-
	Depreciation &Amortization Expense Other Expenses	6.91 66.95	10.22 40.51	5.34 66.65	28.99 258.53	16.94 226.27
	Total expenses (IV)	344.92	351.58	219.62	1342.68	724.95
V	Profit before Exceptional & Extraordinary Items and tax (III-IV)	428.68	357.36	7.34	1065.40	89.56
VI	Exceptional Items	-	-		-	-
VII	Profit before Extraordinary Items and tax (V-VI)	428.68	357.36	7.34	1065.40	89.56
VIII	Extraordinary Items
IX	Profit before tax (VII-VIII)	428.68	357.36	7.34	1065.40	89.56
X	Tax Expenses
	1 Current Tax	111.98	77.22	1.65	277.80	22.17
	2 Deferred Tax	0.73	0.82	0.20	-9.23	0.35
	Total Tax Expenses (X)	112.71	78.05	1.85	268.57	22.52
XI	Profit/(Loss) for the period from continuing operations (IX X) Profit/(Loss) for the period from continuing operations (IX-X)	315.97	279.31	5.49	796.82	67.04
XII	Profit/(Loss) from discontinuing operation	-	-	-	-	-
XIII	Tax Expenses of discontinuing operations	-	-	-	-	-
XIV	Profit/(Loss) from discontinuing operation after tax (XII-XIII)	-	-	-	-	-
XV	Profit(Loss) for the Period (XI+XIV)	315.97	279.31	5.49	796.82	67.04
XVI	Paid up Equity Share Capital	148.20	148.20	2.00	148.20	2.00
XVII	Reserves & Surplus	1090.30	922.54	84.87	1090.30	84.87
XVIII	Earnings per equity share
	(1) Basic	21.32	18.85	27.47	58.07	31.11
	(2) Diluted	21.32	18.85	27.47	58.07	31.11
Notes:-	1. The above Standalone Audited Financial Results have been reviewed by the Audit Committee and approved by the Board of Directors of the Company at their respective meeting held on April 26,
2021
	2. The Statutory Auditors of the Company have carried out theAudit of the above financial results of the Company and have expressed an unmodified opnion on these Results.
	3. The Company is only having one segment of business i.e. Information Technology Services.
	4. There are no investor complaints received/pending as on March 31, 2021

1. Previous year's/ period figures have been regrouped/ reclassified/ restated, wherever necessary to confirm to classification of current year/period.

For Ksolves India Limited

Ratan Kumar Srivastava Chairman Cum Managing Director DIN : 05329338

(Formerly Known as Ksolves India Private Limited)

CIN - U72900DL2014PLC269020

H. No B-8/1, Ground Floor, Saidulajab, South Delhi, Delhi - 110030, India

Website - www.ksolves.com; Email : cs@ksolves.com

Standalone Statement of Assets & Liabilities as on March 31, 2021

	As on 31st	As on 31st
Particulars		March, 2020
	Audited	Audited
I. EQUITY AND LIABILITIES
1 Shareholders' funds
Share capital	148.20	2.00
Reserves and surplus	1,090.30	84.87
	1,238.50	86.87
2 Non-current liabilities
Long Term Borrowings	-	-
Deferred Tax Liabilities (Net)	-	0.85
Other Long Term Liabilities	-	-
Long Term Provision	28.19	-
	28.19	0.85
3 Current liabilities
Short Term Borrowings	-	-
Trade Payables
(i) Total outstanding dues of micro enterprises and small enterprises	-	5.40
(ii) Total outstanding dues of creditors other than micro enterprises and small enterprises	1.27	14.73
Other Current Liabilities Short Term Provisions	21.58 281.46	36.16 22.17
	30 304.31 3	78 78.47 7
TOTAL	1,571.00	166.19
II. ASSETS
Non-current assets
Property Plant & Equipments
1 Fixed assets
(i) Tangible Assets	39.87	51.12
(ii) Intangible Assets	-	-
Non Current Investments	55.33	53.50
Long Term Loans & Advances	33.52	18.05
Deferred Tax Assets	8.38	-
Other Non Current Assets	21.55	-
	158.64	122.67
3 Current assets
Current Investments	-	-
Trade Receivables	350.12	-
Cash and cash equivalents	737.86	5.15
Short Term Loans & Advances	-	-
Other Current Assets	324.37 1,412.35	38.37 43.52
TOTAL	1,571.00	166.19

For Ksolves India Limited

Ratan Kumar Srivastava Chairman Cum Managing Director DIN : 05329338

(Formerly Known as Ksolves India Private Limited)

CIN - U72900DL2014PLC269020

H. No B-8/1, Ground Floor, Saidulajab, South Delhi, Delhi - 110030, India

Website - www.ksolves.com; Email : cs@ksolves.com

Standalone Statement of Assets & Liabilities as on March 31, 2021

	2020-21	2019-20
	Audited	Audited
Cash flows from operating activities
Profit before taxation	1,065.40	89.56
Adjustments for:
Depreciation	23.62	16.94
Provision for Gratuity	31.85	-
Interest income	(17.70)	(0.41)
Working capital changes:
(Increase) / Decrease in Trade Receivables	(350.12)
(Increase) / Decrease in Other Current Assets	(286.00)	(10.68)
Increase / (Decrease) in Trade Payables	(18.86)	20.13
Increase / (Decrease) in Other Current Liabilities	(14.58)	(6.80)
Cash generated from operations generated	433 61 .	108 75 .
Payment/Adjustmen on Account of Tax Expenses	22.17	5.65
Net cash from operating activities	411.43	103.10
Cash flows from investing activities
Purchase of property, plant and equipment	(12.37)	(37.33)
Increase in Loans & Advances	(15.47)	(12.68)
Increase in Other Non Current Assets	(21.55)	-
Investment income Investment income	17.70	0.41
Increase in Non Current Investments	(1.83)	(52.50)
Net cash used in investing activities	(33.52)	(102.10)
Cash flows from financing activities
Proceeds from Issue of Share Capital	50.20	-
Proceeds from Security Premium	452.80	-
Payment of Interim Dividend	(148.20)
Net cash used in financing activities g	354.80	-
Net increase in cash and cash equivalents	732.71	1.00
Cash and cash equivalents at beginning of period	5.15	4.15
Cash and cash equivalents at end of period	737.86	5.15

For Ksolves India Limited

Ratan Kumar Srivastava Chairman Cum Managing Director DIN : 05329338

(Formerly Known as Ksolves India Private Limited)

CIN - U72900DL2014PLC269020

H. No B-8/1, Ground Floor, Saidulajab, South Delhi, Delhi - 110030, India Website - www.ksolves.com; Email : cs@ksolves.com

Statement of Audited Consolidated Financial Results for the Quarter & Year ended on March 31, 2021 Pursuant to regulation 33 of SEBI (LODR) Regulation, 2015

	Particulars	Quarter ended on 31/03/2021	Previous Quarter ended on 31/12/2020	Corresponding Quarter ended on 31/03/2020	Year to date figures for year ended on 31/03/2021	(Amount in Lakhs) Year to date figures for the previous year ended 31/03/2020
		Audited	Un-audited	Audited	Audited	Audited
	INCOME FROM OPERATIONS
I	Revenue from Operations	804.81	787.16	334.29	2821.54	1,013.23
II	Other Income	9.07	6.84	0.21	20.91	0.41
III	Total Revenue (I+II)	813.88	794.00	334.51	2842.45	1013.64
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	296.71	321.81	192.38	1155.51	560.20
	Finance Cost	0.20	0.25	0.40	1.11	0.44
	Depreciation &Amortization Expense	10.79	13.77	9.64	43.49	28.93
	Other Expenses	108.03	93.09	112.21	446.53	333.47
	Total expenses (IV)	415.73	428.92	314.63	1646.64	923.04
V	Profit before Exceptional & Extraordinary Items and tax (III-IV)	398.16	365.08	19.88	1195.82	90.60
VI	Exceptional Items	-	-	-	-	-
VII	Profit before Extraordinary Items and tax (V-VI)	398.16	365.08	19.88	1195.82	90.60
VIII	Extraordinary Items
IX	Profit before tax (VII-VIII)	398.16	365.08	19.88	1195.82	90.60
X	Tax Expenses
	1 Current Tax	103.92	79.18	4.89	310.50	23.46
	2 Deferred Tax 3 Tax Related to Previous Year	1.93 0.00	0.00 0.00	0.11 0.00	-9.10 0.62	(0.67) 0.00
	Total Tax Expenses (X)	105.85	79.18	5.00	302.02	22.79
XI	Profit/(Loss) for the period from continuing operations (IX-X)	292.31	285.90	14.87	893.80	67.81
XII	Profit/(Loss) from discontinuing operation		-	-	-	-
XIII	Tax Expenses of discontinuing operations		-	-	-	-
XIV	Profit/(Loss) from discontinuing operation after tax (XII-XIII)		-	-	-	-
XV	Profit(Loss) for the Period (XI+XIV)	292.31	285.90	14.87	893.80	67.81
XVI	Paid up Equity Share Capital	148.20	148.20	2.00	148.20	2.00
XVII	Reserves & Surplus	1188.05	1043.93	85.65	1188.05	85.65
XVIII	Earnings per equity share
	(1) Basic (2) Diluted	19.72 19.72	19.29 19.29	74.37 74.37	65.13 65.13	31.43 31.43
Notes:-
2021	1. The above Consolidated Audited Financial Results have been reviewed by the Audit Committee and approved by the Board of Directors of the Company at their respective meeting held on April 26,

1. The Statutory Auditors of the Company have carried out the Audit of the above financial results of the Company and have expressed an unmodified opnion on these Results

2. There are no investor complaints received/pending as on March 31, 2021 3. The Company is only having one segment of business i.e. Information Technology Services.

3. Previous year's/ period figures have been regrouped/ reclassified/ restated, wherever necessary to confirm to classification of current year/period.

For Ksolves India Limited

Ratan Kumar Srivastava Chairman Cum Managing Director DIN : 05329338

KSOLVES INDIA LIMITED
(Formerly Known as Ksolves India Private Limited)
CIN - U72900DL2014PLC269020
H. No B-8/1, Ground Floor, Saidulajab, South Delhi, Delhi - 110030, India
Website - www.ksolves.com; Email : cs@ksolves.com
Consolidated Statement of Assets & Liabilities as on March 31, 2021
	As on 31st	As on 31st
Particulars	March 2021	March, 2020
I. EQUITY AND LIABILITIES	Audited	Audited
1 Shareholders' funds
Share capital	148.20	2.00
Reserves and surplus	1,188.05	85.65
	1,336.25	87.65
2 Non-current liabilities
Long Term Borrowings	-	7.75
Deferred Tax Liabilities (Net)	-	-
Other Long Term Liabilities	-	-
Long Term Provision	28.19	-
3 Current liabilities	28.19	7.75
Short Term Borrowings	-	3.00
Trade Payables
(i) Total outstanding dues of micro enterprises and small enterprises	-	5.40
(ii) Total outstanding dues of creditors other than micro enterprises and small enterprises	10.43	20.89
Other Current Liabilities	32.34	50.54
Short Term Provisions	314.15	33.96
	356 9 356.92	113.79 3 79
TOTAL	1,721.36	209.19
II. ASSETS Non-current assets
Property Plant & Equipments
1 Fixed assets
(i) Tangible Assets	95.68	111.68
(ii) Intangible Assets	5.99	5.99
Non Current Investments	2.83	1.00
Long Term Loans & Advances	39.52	24.05
Deferred Tax Assets Other Non Current Assets	9.55 21.55	0.45 -
	175.11	143.17
3 Current assets
Current Investments	-	-
Trade Receivables	364.26	-
Cash and cash equivalents	808.92	5.54
Short Term Loans & Advances	-	-
Other Current Assets	373.07 1,546.25	60.49 66.03
TOTAL	1,721.36	209.19

For Ksolves India Limited

Ratan Kumar Srivastava Chairman Cum Managing Director DIN : 05329338

(Formerly Known as Ksolves India Private Limited)

CIN - U72900DL2014PLC269020

H. No B-8/1, Ground Floor, Saidulajab, South Delhi, Delhi - 110030, India

Website - www.ksolves.com; Email : cs@ksolves.com

Consolidated Statement of Cash Flows as on March 31, 2021

	2020-21	2019-20
	Audited	Audited
Cash flows from operating activities
Profit before taxation	1,195.82	90.60
Adjustments for:
D Depreciation i ti	38 12 38.12	28.93 28 93
Provision for Gratuity	31.85	-
Interest income	(19.90)	(0.41)
Finance Cost	1.11	0.44
Working capital changes:
(Increase) / Decrease in Trade Receivables	(364.26)
(Increase) / Decrease in Other Current Assets	(312.58)	(14.65)
Increase / (Decrease) in Trade Payables	(15.86)	26.29
Increase / (Decrease) in Other Current Liabilities Increase / (Decrease) in Other Current Liabilities	(18 20) (18.20)	(5 18) .
Cash generated from operations	536.10	126.03
Payment/Adjustmen on Account of Tax Expenses	34.58	10.46
Payment of Dividend Distriution Taxes	-	4.07
Net cash from operating activities	501.51	111.50
Cash flows from investing activities
Purchase of property, plant and equipment	(22.12)	(55.33)
Addition on Account of Goodwill throught consolidation g	-	( (5.99) )
Increase in Loans & Advances	(15.47)	(16.67)
Increase in Other Non Current Assets	(21.55)	-
Investment income	19.90	0.41
Increase in Non Current Investments	(1.83)	-
Net cash used in investing activities	(41.07)	(77.58)
Cash flows from financing activities
Payment of Finance Cost	(1.11)	(0.44)
R Repayment of Borrowings t fB i	(10 75) (10.75)	(16 80) (16.80)
Proceeds from Issue of Share Capital	50.20	-
Proceeds from Security Premium	452.80	-
Payment of Interim Dividend	(148.20)	(19.80)
Net cash used in financing activities	342.94	(37.04)
Net increase in cash and cash equivalents	803.39	(3.12)
Cash and cash equivalents at beginning of period Cash and cash equivalents at beginning of period	5.54	8.65
Cash and cash equivalents at end of period	808.92	5.54

For Ksolves India Limited

Ratan Kumar Srivastava Chairman Cum Managing Director DIN : 05329338