Miles mB

8K Miles Software Services Limited

Ref:8K/CHN/2018-19 /E054 13[th ] February 2019

Ref:8K/CHN/2018-19 /E054 13thFebruary 2019
The Deputy General Manager, Department of Corporate Services, Bombay Stock Exchange Ltd, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400001		The General Manager, listing Department, National Stock Exchange limited, Exchange Plaza, C-1, Block G, Sandra Kurla Complex, Bandra (E), Mumbai 400 051
Scrip Code: 512161 !SIN NO- INE650K01021		EQ- 8KMILES ISIN NO - INE6S0K01021

Dear Sir/Madam,

- Sub: Outcome of Board Meeting held on February 13, 2019 Disclosure to Regulation 30 (as specifed in Part A of Schedule Ill) of SEBI Listing Obligation and Disclosure Requirements) Regulations, 2015

Further to our letter 8K/CHN/2018-19/E045 dated January 29, 2019 we hereby submit the outcome of the meeting of Board of Directors of the Company held today (February 13, 2019) at the Registered Office of the Company at Srinivas Towers, No.5, Cenotaph Road, II Floor, Teynampet, Chennai, 600018. The Meeting commenced at 4:00 p.m and concluded at 7:05 p.m on 13[th ] February 2019.

The Board of Directors have approved the following:

The unaudited Standalone financial results of the company for the Quarter ended 31 [st ] December 2018 in accordance with IND AS.
Mr. Swasti Bhowmick as Chief financial officer (CFO) of the Company based on the assessment & recommendation of the Nomination & Remuneration Committee and approval of the Board of the Company.
Resignation of Mr. Ashwin Jayagopal from the position of Company Secretary and Compliance officer. His resignation was accepted by the Board at its meeting held on 13[t][h ] February 2019.

5, Cenotaph Road, II Floor, Srinivas Towers, Teynampet , Chennai - 600 018 © +91 44 66028000 �+91 44 43009049 �cont [email protected] CIN No . L723 0 0TN19 9 3PLC10 1 852 www.8 k m ile s.c o m

@Miles

8K Miles Software Services Limited

We are attaching the below documents to be submitted within 30 minutes of closure of the meeting as required under SEBI (listing Obligations and Disclosure Requirements) Regulations, 2015 and the same would also be uploaded in NSE NEAPS and BSE listing Centre:

a) The unaudited Standalone financial results of the Company for the quarter ended 31[st ] December 2018 in accordance with IND AS;
b) Limited Review Report from the Statutory Auditors;
c) Press release & Presentation on Financial Results of the company for the quarter ended 31[st ] December 2018.

Please take a note of the above at your end.

Thanking You,

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Suresh Venkatachari Managing Director & CEO

5, Cenotaph Road, II Floor, Srinivas Towers, Teynampet, Chennai - 600 018 © +91 44 66028000 �+91 44 43009049 �[email protected] GIN N o. L7230 0TN19 93PLC101852 www.8kmil es.co m

SK MILES SOFTWARE SERVICES LIMITED

(CIN:L72300TN1993PLC101852)

Registered Orfice: Second Floor, Srlnlvas Towers, No. 5, Cenotaph Road, Teynampet, Chennal - 600 018

STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31 DECEMBER 2018

S.No. 1 2 3 4 5 6 7 8 9 10 11 12 Partlc-ulars Income a) Revenue from operations (Refer Note 5) b) Other Income (Includ1ng foreign exchange gain / (loss) - Refer Note 4) Total Income Expenses a) Employee benefits expense b) Finance costs c) Depreciation and amortization expenses d) Other expenses (including rorelon exchange loss - Refer Note 4) Total expenses Profit / (Loss) before exceptional Items and tax (1-2) Exceptional items Profit / (Loss) before tax (3-4) Tax expense - Current tax (including prior period) - Deferred tax Net profit / (loss) for the period (5-6) Other comprehensive Income/ (loss) (a) Items that will not be reclassified to the statement of profit and loss (b) Income tax relatino to items that will not be reclassified to the statement or profit or loss Total other comprehensive Income/ (loss) (Net of tax) Total comprehensive Income/ (loss) for the period (7+8) Paid-up equity share capital (Face value or R.s. 5/- each] Reserve excluding Revaluation Reserves as per balance sheet or previous accounting year Earnings per equity share (EPS) [Face value or Rs. 5/- each] (a) Basic EPS (b) Diluted EPS 31 December 2018 (Unaudited) 1,264.33 (226.76) 1,037.57 394.39 215.66 9.20 463.36 1,082.61 (45.04) (45.04) (16.84) 5.68 (33.88) 4.78 {1.40) 3.38 (30.50) 1,525.88 (0.11) (0.11) (not annualised I uuarter t:naea 1-"Cr 0 30 September 2018 31 December 2017 31 December 2018 (Unaudited) (Unaudited) (Unaudited) 1,639.96 959.65 4,373.63 523.89 125.50 683.70 2,163.85 1,085.15 5,057.33 465.52 351.10 1,268.65 296.87 207.23 720.41 8.83 9.51 26.38 780.12 432.44 1,901.02 1,551.34 1,000.28 3,916.46 612.51 84.87 1,140.87 612.51 84.87 1,140.87 35.47 21.73 186.80 139.60 1.64 134.36 437.44 61.50 819.71 9.56 14.34 (2.78) (4.18) 6.78 - 10.16 444.22 61.50 829.87 1,525.88 1,525.88 1,525.88 1.44 0.20 2.69 1.44 0.20 2.69 [not annualisea] (not annualised] [not annualised] {Amount In INR In lakhs except EPS) 1:naea Year Ended 31 December 2017 31 March 2018 (Unaudited) (Audited) 3,428.67 5,056.52 247.47 359.84 3,676.14 5,416.36 1,017.54 1,452.95 510.00 755.42 73.13 83.87 1,692.79 2,402.65 3,293.46 4,694.89 382,68 721.47 382.68 721.47 111.34 244,05 (5.91) (10.42) 277.25 487,84 {l.67) 14.95 0.46 {4.12) (1.21) 10,83 276.04 498.67 1,525.88 1,525.88 6,294.39 0.91 1.60 0.91 1.60 [not annualised] (annualised)	S.No. 1 2 3 4 5 6 7 8 9 10 11 12 Partlc-ulars Income a) Revenue from operations (Refer Note 5) b) Other Income (Includ1ng foreign exchange gain / (loss) - Refer Note 4) Total Income Expenses a) Employee benefits expense b) Finance costs c) Depreciation and amortization expenses d) Other expenses (including rorelon exchange loss - Refer Note 4) Total expenses Profit / (Loss) before exceptional Items and tax (1-2) Exceptional items Profit / (Loss) before tax (3-4) Tax expense - Current tax (including prior period) - Deferred tax Net profit / (loss) for the period (5-6) Other comprehensive Income/ (loss) (a) Items that will not be reclassified to the statement of profit and loss (b) Income tax relatino to items that will not be reclassified to the statement or profit or loss Total other comprehensive Income/ (loss) (Net of tax) Total comprehensive Income/ (loss) for the period (7+8) Paid-up equity share capital (Face value or R.s. 5/- each] Reserve excluding Revaluation Reserves as per balance sheet or previous accounting year Earnings per equity share (EPS) [Face value or Rs. 5/- each] (a) Basic EPS (b) Diluted EPS 31 December 2018 (Unaudited) 1,264.33 (226.76) 1,037.57 394.39 215.66 9.20 463.36 1,082.61 (45.04) (45.04) (16.84) 5.68 (33.88) 4.78 {1.40) 3.38 (30.50) 1,525.88 (0.11) (0.11) (not annualised I uuarter t:naea 1-"Cr 0 30 September 2018 31 December 2017 31 December 2018 (Unaudited) (Unaudited) (Unaudited) 1,639.96 959.65 4,373.63 523.89 125.50 683.70 2,163.85 1,085.15 5,057.33 465.52 351.10 1,268.65 296.87 207.23 720.41 8.83 9.51 26.38 780.12 432.44 1,901.02 1,551.34 1,000.28 3,916.46 612.51 84.87 1,140.87 612.51 84.87 1,140.87 35.47 21.73 186.80 139.60 1.64 134.36 437.44 61.50 819.71 9.56 14.34 (2.78) (4.18) 6.78 - 10.16 444.22 61.50 829.87 1,525.88 1,525.88 1,525.88 1.44 0.20 2.69 1.44 0.20 2.69 [not annualisea] (not annualised] [not annualised] {Amount In INR In lakhs except EPS) 1:naea Year Ended 31 December 2017 31 March 2018 (Unaudited) (Audited) 3,428.67 5,056.52 247.47 359.84 3,676.14 5,416.36 1,017.54 1,452.95 510.00 755.42 73.13 83.87 1,692.79 2,402.65 3,293.46 4,694.89 382,68 721.47 382.68 721.47 111.34 244,05 (5.91) (10.42) 277.25 487,84 {l.67) 14.95 0.46 {4.12) (1.21) 10,83 276.04 498.67 1,525.88 1,525.88 6,294.39 0.91 1.60 0.91 1.60 [not annualised] (annualised)	S.No. 1 2 3 4 5 6 7 8 9 10 11 12 Partlc-ulars Income a) Revenue from operations (Refer Note 5) b) Other Income (Includ1ng foreign exchange gain / (loss) - Refer Note 4) Total Income Expenses a) Employee benefits expense b) Finance costs c) Depreciation and amortization expenses d) Other expenses (including rorelon exchange loss - Refer Note 4) Total expenses Profit / (Loss) before exceptional Items and tax (1-2) Exceptional items Profit / (Loss) before tax (3-4) Tax expense - Current tax (including prior period) - Deferred tax Net profit / (loss) for the period (5-6) Other comprehensive Income/ (loss) (a) Items that will not be reclassified to the statement of profit and loss (b) Income tax relatino to items that will not be reclassified to the statement or profit or loss Total other comprehensive Income/ (loss) (Net of tax) Total comprehensive Income/ (loss) for the period (7+8) Paid-up equity share capital (Face value or R.s. 5/- each] Reserve excluding Revaluation Reserves as per balance sheet or previous accounting year Earnings per equity share (EPS) [Face value or Rs. 5/- each] (a) Basic EPS (b) Diluted EPS 31 December 2018 (Unaudited) 1,264.33 (226.76) 1,037.57 394.39 215.66 9.20 463.36 1,082.61 (45.04) (45.04) (16.84) 5.68 (33.88) 4.78 {1.40) 3.38 (30.50) 1,525.88 (0.11) (0.11) (not annualised I uuarter t:naea 1-"Cr 0 30 September 2018 31 December 2017 31 December 2018 (Unaudited) (Unaudited) (Unaudited) 1,639.96 959.65 4,373.63 523.89 125.50 683.70 2,163.85 1,085.15 5,057.33 465.52 351.10 1,268.65 296.87 207.23 720.41 8.83 9.51 26.38 780.12 432.44 1,901.02 1,551.34 1,000.28 3,916.46 612.51 84.87 1,140.87 612.51 84.87 1,140.87 35.47 21.73 186.80 139.60 1.64 134.36 437.44 61.50 819.71 9.56 14.34 (2.78) (4.18) 6.78 - 10.16 444.22 61.50 829.87 1,525.88 1,525.88 1,525.88 1.44 0.20 2.69 1.44 0.20 2.69 [not annualisea] (not annualised] [not annualised] {Amount In INR In lakhs except EPS) 1:naea Year Ended 31 December 2017 31 March 2018 (Unaudited) (Audited) 3,428.67 5,056.52 247.47 359.84 3,676.14 5,416.36 1,017.54 1,452.95 510.00 755.42 73.13 83.87 1,692.79 2,402.65 3,293.46 4,694.89 382,68 721.47 382.68 721.47 111.34 244,05 (5.91) (10.42) 277.25 487,84 {l.67) 14.95 0.46 {4.12) (1.21) 10,83 276.04 498.67 1,525.88 1,525.88 6,294.39 0.91 1.60 0.91 1.60 [not annualised] (annualised)
	31 December 2018 (Unaudited) 1,264.33 (226.76) 1,037.57 394.39 215.66 9.20 463.36 1,082.61 (45.04) (45.04) (16.84) 5.68 (33.88) 4.78 {1.40) 3.38 (30.50) 1,525.88 (0.11) (0.11) (not annualised I uuarter t:naea 1-"Cr 0 30 September 2018 31 December 2017 31 December 2018 (Unaudited) (Unaudited) (Unaudited) 1,639.96 959.65 4,373.63 523.89 125.50 683.70 2,163.85 1,085.15 5,057.33 465.52 351.10 1,268.65 296.87 207.23 720.41 8.83 9.51 26.38 780.12 432.44 1,901.02 1,551.34 1,000.28 3,916.46 612.51 84.87 1,140.87 612.51 84.87 1,140.87 35.47 21.73 186.80 139.60 1.64 134.36 437.44 61.50 819.71 9.56 14.34 (2.78) (4.18) 6.78 - 10.16 444.22 61.50 829.87 1,525.88 1,525.88 1,525.88 1.44 0.20 2.69 1.44 0.20 2.69 [not annualisea] (not annualised] [not annualised] 1:naea 31 December 2017 (Unaudited) 3,428.67 247.47 3,676.14 1,017.54 510.00 73.13 1,692.79 3,293.46 382,68 382.68 111.34 (5.91) 277.25 {l.67) 0.46 (1.21) 276.04 1,525.88 0.91 0.91 [not annualised]	Year Ended 31 March 2018 (Audited) 5,056.52 359.84 5,416.36 1,452.95 755.42 83.87 2,402.65 4,694.89 721.47 721.47 244,05 (10.42) 487,84 14.95 {4.12) 10,83 498.67 1,525.88 6,294.39 1.60 1.60 (annualised)

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8K MILES SOFTWARE SERVICES LIMITED (CIN:L72300TN1993PLC101852)

Registered Office: Second Floor, Srinivas Towers, No. 5, Cenotaph Road, Teynampet, Chennai - 600 018

STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31 DECEMBER 20U

I Notes :

The above statement of standalone unaudited financial results have been reviewed by the Audit Committee, approved and taken on record by the Board or Directors in their meeting held on 13 February 2019. The above statemenl for the period ended 31 December 2018 have been subjected to limited review by the Statutory Auditors of the Company.

The Company operates In a single segment, I.e., "Information And Technology Services" and hence, does not have any additional disclosures to be made under Ind AS 108 - Operating Segments.

3 Effective 01 April 2018, the Company has adopted Ind AS 115 'Revenue from Contracts with Customers'. The application of Ind AS 115 did not have any material Impact on the financial results of the Company.

4 Statement of standalone unaudited financial results includes foreign exchange gain/ (loss) as given below:

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Amount In INR in lakhs
Particular� Year Endec
gain / (loss:
(309.21) 443,51 444.73 Ji.GE
[62.lS [9.02
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5 Certain operational terms Including the transfer pricing model for revenue contracts with the subsidiary were revised consequent to the approval received from the Board or Directors during the quarter ended 31 December 2017, with effect from 01 April 2017. The impact of the revision In the model and contract terms for the period up to 30 September 2017 was recorded in the books or account only during the quarter ended 31 December 2017. Accordingly, amounts disclosed for the quarter ended 31 December 2017 are not strictly comparable to the amounts disclosed for the quarter ended 31 December 2018.
6 The Board has appointed Mr. Swasti Bhowmlck as the Chief Financial Officer of the Company effective from 05 December 2018 in Its board meeting dated 13 February 2019.
7 On 13 February 2019, the Board of Directors accepted the resignation of Mr. Ashwin J, as the Company Secretary and Compliance Officer of the Company . The Company is in the process of Identifying the new Company Secretal) and Compliance Officer.
8 With reference to the Basis of Qualification given by Auditors in their Limited Review Report dated 13 February 2019:

Point 4.3:

The Company·s subsidiary has received the entire amount that was outstanding as on 31 March 2018 between 1 April 2018 and 31 December 2018. Thus, reducing the outstanding from USO 89.61 Lakhs (equivalent to Rs.5,808.44 Lakhs) to USD. NIL as of 31 December 2018.

Point No 4.5:

The management of SK MIies Media Pvt Ltd had Initiated an independent forensic review to enable the authenticity of the signatures in the OD! certificates.The forensic report received by SK Miles Media was placed before the Board of Directors.The Board look on record the report and noted that the report concluded there is no evidence to prove Forgery in the case.

Point No. 5:

The Company has started receiving remittances periodically against such export trade receivables and is expecting further collections in the short-term and intends to bring the export trade receivables outstanding within time limit stipulated to adhere the Foreign Exehange Management (Export of Goods & Services) Regulations, 2015. The management Intends to make the necessary Intimations to the authorized dealer as well prior to March 2019.

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Place: Chennal
Dale : 13 Februarv 2019
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By Order of the Board
For and on behalf of the Board of Directors
Suresh Venkatachari
Managing Director
DIN No. 00365522
,�
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Chartered Accountants ASV N Ramana Tower 52, Venkatnarayana Road T. Nagar Chennai - 600 017 Tamil Nadu, India

Tel: +91446688 5000 Fax: +91 44 6688 5050

Deloitte Haskins & Sells LLP

INDEPENDENT AUDITOR'S REPORT ON REVIEW OF INTERIM FINANCIAL RESULTS

TO THE BOARD OF DIRECTORS OF SK MILES SOFTWARE SERVICES LIMITED

We have reviewed the accompanying Statement of Standalone Unaudited Financial Results of SK MILES SOFTWARE SERVICES LIMITED ("the Company"), for the Quarter and Nine months ended 31 December, 2018 ("the Statement"), being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as modified by Circular No. CIR/CFD/FAC/62/2016 dated 5 July, 2016.

Management's Responsibility

The Management of the Company is responsible for preparation of the Statement in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. The Board of Directors have approved the Statement.

Auditor's Responsibility

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.

Basis of Qualified Conclusion

8K Miles Media Private Limited ("8K Miles Media")
4.1 Around the last week of September 2018, we were made aware of the resignation of the statutory auditor of 8K Miles Media, a company promoted by the promoter directors of the Company, vide their resignation letter dated 30 April, 2018. As per the said letter, the resignation was due to the misuse of the Audit Firm's Letter Head and signature of their Partner through forgery in certain ODI Certificates submitted by 8K Miles Media to their bankers for transfer of funds of USD 71.51 lakhs (Rs. 4,612.91 lakhs) to 8K Miles Media Holdings Inc. USA, a subsidiary of 8K Miles Media. 8K Miles Media and its subsidiaries (together "SK Miles Media Group") have been identified as a related party in the consolidated financial statements of the Company for the year ended 31 March, 2018.

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Deloitte Haskins & Sells LLP

4.2 Further, during the last week of September 2018,
(a) the CEO and Managing Director of the Company, who was also a promoter director in 8K Miles Media, resigned as a director in 8K Miles Media.
(b) the CFO and Executive Director of the Company, who was the other promoter director in 8K Miles Media, resigned from his role as CFO of the Company stating that his resignation was to have the necessary time to clear all the baseless allegations and unsubstantiated allegations of 8K Miles Media. However, he continues to be a director in both the Company as well as 8K Miles Media.
4.3 The Company has loans and trade receivables aggregating Rs. 5,868.97 lakhs as at 31 December, 2018 receivable from 8K Miles Software Services Inc., a subsidiary. It may be noted that this subsidiary has loans receivable from entities of 8K Miles Media Group in the USA which aggregate to USD 89.61 lakhs (Rs. 5,808.44 lakhs) as at 31 March, 2018.
4.4 We are unable to conclude if the above events in 8K Miles Media have any effect on:
(a) the Company and its operations, in view of the nature of its relationship with SK Miles Media and the allegations in the aforesaid resignation letter of the statutory auditor of that company, as described in paragraphs 4.1 and 4.2 above;
(b) the ability of the Company's subsidiary to repay its dues to the Company, as described in paragraph 4.3 above; and
(c) the consequential impact, if any, of the same on the Statement.
4.5 During the quarter ended 31 December 2018, the Management of SK Miles Media initiated an independent forensic review to evaluate the authenticity of the signatures in the ODI Certificates referred in paragraph 4.1 above. 8K Miles Media has submitted a copy of the forensic report to the Company. The forensic report states that the writer of the signature in the ODI certificates is the same as the writer of the specimen signatures as provided to the forensic auditor thereby concluding that there was no forgery in the ODI certificates, which has been taken on record by the Board of Directors of the Company in its meeting held on 13 February, 2019. Since the forensic report has just been provided to us, we are yet to review the same and perform the necessary procedures to enable us to conclude on the matter.
The Company has export trade receivables aggregating Rs. 2,329.77 lakhs outstanding for more than nine months from the invoice date as at 31 December, 2018, which is beyond the time limit stipulated under the Foreign Exchange Management (Export of Goods & Services) Regulations, 2015, for repatriation of foreign currency receivables. We are unable to conclude on the consequential impact, if any, of the same on the Statement.

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Deloitte Haskins & Sells LLP

Qualified Conclusion

Except for the possible effects of the matters described in paragraphs 4 and 5 under the Basis of Qualified Conclusion above, which we are unable to conclude on for the reasons stated therein, based on our review conducted as stated above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as modified by Circular No. CIR/CFD/FAC/62/2016 dated 5 July, 2016, including the manner in which it is to be disclosed, or that it contains any material misstatement.

For DELOITTE HASKINS & SELLS LLP Chartered Accountants (Firm's Registration No. 117366W/W-100018)

CHENNAI, 13 February, 2019 VB/JT/RB/2019/01

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V. Balaji Partner (Membership No. 203685)

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Management Responses with reference to the basis of Qualification given by Auditors in their Limited Review Report dated 13th February 2019 for Q3 Results

Point No. 4.3

The Company's subsidiary has received the entire amount that was outstanding as on 31[st] March 2018 between 1[st] April 2018 and 31[st] December 2018. Thus, reducing the outstanding from USD 89.61 Lakhs (equivalent to Rs.5,808.44 Lakhs) to USD. NIL as of 31[st ] December 2018.

Point No 4.5

The management of 8K Miles Media Pvt Ltd had initiated an independent forensic review to enable the authenticity of the signatures in the ODI certificates. The forensic report received by 8K Miles Media was placed before the Board of Directors. The Board took on record the report and noted that the report concluded there is no evidence to prove Forgery in the case.

Point No. 5

The Company has started receiving remittances periodically against such export trade receivables and is expecting further collections in the short-term and intends to bring the export trade receivables outstanding within time limit stipulated to adhere the Foreign Exchange Management (Export of Goods & Services) Regulations, 2015. The management intends to make the necessary intimations to the authorized dealer as well prior to March 2019.

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Press Release-13/02/2019 – Q3

8K Miles Software Services Ltd Q3FY19 Net Profit up YoY 3.03% at Rs 46.15 Cr Q3FY19 Revenue grew YoY by 16.08% to Rs. 260.56 Cr

Consolidated Financial Performance for Q3FY19 v/s Q3FY18 (Corresponding Quarter)

Revenue of Rs. 260.56 Crores v/s. Rs. 223.88 Crores [á 16.08 % ]
EBITDA before exceptional items of Rs. 89.45 Crores v/s. Rs. 77.33 Crores
PAT after minority interest at Rs. 46.15 Crores v/s. Rs. 44.79 Crores

Consolidated Financial Performance for Q3FY19 vs Q2FY19 (Sequential Quarter)

Revenue of Rs. 260.56 Crores v/s. Rs. 282.56 Crores [↓ 7.79 % ]
EBITDA before exceptional items of Rs. 89.45 Crores v/s. Rs. 96.96 Crores
PAT after minority interest at Rs. 46.15 Crores v/s. Rs. 50.90 Crores

Consolidated Financial Performance for YTD19 vs YTD18

Revenue of Rs. 783.35 Crores v/s. Rs. 629.92 Crores [á 24.36 % ]
EBITDA before exceptional items of Rs. 273.66 Crores v/s. Rs. 211.86 Crores
PAT after minority interest at Rs. 144.57 Crores v/s. Rs. 123.97 Crores

Chennai, February 13, 2019 : 8K Miles Software Services, Ltd., a leading Global IT Business Transformation, Secure Cloud Solutions and NextGen Managed Services Provider, today announced the Company’s unaudited financial results for the quarter ended December 31, 2018 as approved by the Board of Directors.

Business Highlights for the quarter ended December 31, 2018

8K Miles is a Certified AWS Premier Partner – one of top 40 out of about 60,000 AWS Partners, while 8K Miles is already a Microsoft Gold Cloud Platform Partner
Signed 2019 Annual Contract with potential to well exceed $5M with a Global Pharma Account
Major project awarded by a Large Pharma Account to build Nextgen Data Lake platform as we are actively working on several other projects.
Another Top Pharma Client engaged 8K Miles to build Genomics Data Lake for their Nextgen Genome Analysis
Added a new logo to implement their WebApp and Mobile Clouds along with Annual Support
8K Miles is actively working to rollout our Data Analytics and Data Lake Platforms as a Service

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8K Miles Cornerstone was selected by 4 US Hospitals to drive EPIC Connect Implementations and Program Support
Driving strong growth, 8K Miles Cornerstone MEDITECH Practice was selected for MEDITECH Expanse implementation by 6 US Hospitals while winning Go-Live and Post Go-Live Support across 4 Hospitals and Legacy Support and Services with 5 different Hospitals.
To support the continued growth, 8K Miles is further expanding Sales and Account Operations in East and South West USA as well as Europe and APAC
Continuing to excel on strategic partnerships with AWS, Microsoft, Google, Oracle and Service Now with Joint Sales Operations, Strategic and Tactical Planning as well as Joint Workshops
8K Miles was chosen as Beta Partner for AWS WorkLink Service. Also, AWS chose 8K Miles as one of the top HCLS (Healthcare & Lifesciences) partners along with other popular vendors VM Ware, Orion Health, Change Healthcare, Clear Data, and Infor

Management Statement

Commenting on the result Mr. Suresh Venkatachari, Chairman and Managing Director, 8K Miles Software Services, Ltd said “ 8K Miles continues to see strong business trend as the growth of Cloud and Cloud based advanced technologies revitalizing business growth as well as showing great potential of cost reductions. As a result, 8K Miles is continuing to Secure and Lead the Trust of Top Global Pharma, Life Sciences and Healthcare Clients and help them realize Enterprise Cloud Transformation, Multi & Hybrid Cloud Integrations, Data Lake, Genomics Platforms and Nextgen Implementation Services. I sincerely appreciate our Clients as well as dedicated employees for their continued support, whom make our business possible.”

business possible.”	business possible.”	business possible.”	business possible.”	business possible.”	business possible.”	business possible.”
Consolidated Statement of Profit & Loss for the Quarter ended 31st December 2018
				(Rupees in Lakhs except EPS)
Particulars		Quarter ending		Year To Date		Year ended
	31-Dec-18	30-Sep-18	31-Dec-17	31-Dec-18	31-Dec-17	31-Mar-18
	Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Audited
Revenue from Operations	₹26,055.90	₹28,256.89	₹22,387.61	₹78,334.70	₹62,992.06	₹84,923.87
Other Income(includes Forex Gain/(Loss)	₹-130.41	₹569.80	₹58.50	₹925.21	₹144.19	₹845.24
Total Income	₹25,925.49	₹28,826.69	₹22,446.11	₹79,259.91	₹63,136.25	₹85,769.11
Expenses
Employee benefits and other direct costs	₹12,117.83	₹14,256.05	₹10,926.17	₹37,414.60	₹30,625.05	₹39,930.67
Other expenses	₹4,993.51	₹4,875.12	₹3,787.27	₹14,479.80	₹11,325.31	₹15,751.40
Depreciation & Amortization	₹1,165.52	₹1,299.03	₹860.64	₹3,640.65	₹2,138.43	₹2,518.68
Finance costs	₹221.18	₹334.92	₹207.23	₹763.98	₹509.80	₹971.49
Total expenses	₹18,498.04	₹20,765.12	₹15,781.31	₹56,299.03	₹44,598.59	₹59,172.24
Profit Before Tax	₹7,427.45	₹8,061.57	₹6,664.80	₹22,960.88	₹18,537.66	₹26,596.87
Tax expenses	₹1,647.31	₹1,767.55	₹1,514.48	₹5,037.11	₹4,201.06	₹6,044.71
Profit After Tax	₹5,780.14	₹6,294.02	₹5,150.32	₹17,923.77	₹14,336.60	₹20,552.16
MinorityInterest	₹1,164.99	₹1,203.58	₹670.75	₹3,466.87	₹1,939.46	₹3,379.69
Profit attributable to shareholders	₹4,615.15	₹5,090.44	₹4,479.57	₹14,456.90	₹12,397.14	₹17,172.47
Number of EquityShares	30,517,605	30,517,605	30,517,605	30,517,605	30,517,605	30,517,605
Earnings Per Share (EPS) – Basic & Diluted	₹15.12	₹16.68	₹14.68	₹47.37	₹40.62	₹56.24

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About 8K Miles Software Services Ltd

8K Miles Software Services is a global Cloud & Security solutions provider and Next Generation Cloud MSP headquartered in the San Francisco Bay area and a publicly traded company listed on Indian Stock Exchanges (NSE and BSE). 8K Miles Software Services offers secure Cloud solutions allowing for organizations in highly regulated industries to embrace the Cloud and that can meet GxP, HIPAA, PCI, SOX and GLB making it easy to meet regulatory compliance on the Cloud. 8K Miles CloudEz platform combines Automation, Security, Governance and Validation for regulatory compliance, helping to reduce costs and time to market. 8K Miles MISP provides automation capabilities for onboarding SaaS Applications and any cloud applications to Cloud Identity Management platforms.

For further information, please contact:

Sanket Rege / Raveena Shetty Adfactors PR Mob: +91 9819141925/9769539969 Email: [email protected] [email protected]

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~~8~~ K Miles

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Q3 FY19 Business Results Cloud | EMRs | Identity | AI/ML | Blockchain

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About 8K Miles

Global Leader in Enterprise Cloud Transformations

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•
Born on Cloud in 2008
Our Corporate
• Domain-specific Cloud Transformation
HQ: San Francisco, USA
Our Expertise
•
Total Headcount: 722
Cloud Security & Compliance for Highly
•
India ~228 Employees Regulated Industries
•
USA ~494 Emp./Contractors
• Platform-centric Cloud Governance
FY18 Annual Revenue: Rs. 858 Cr
•
YTD 19 Revenue: Rs. 783 Cr
Revenue Drivers
Continuous
Our Values Governance
Continuous
DevOps as a Service (NextGen MSP)
Compliance
Continuous
Hosted (as a Service) Solutions
Security
Mature Cloud Transformation Models
AI/ML Automation BOTs
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~~8~~ K Miles

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Q319 - State of Business

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AI/ML
Automation
BOTs
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Rs.260 CR Revenue in Q3, Up 16.08 % YoY
33% of Revenue from Recurring/Managed Services
34% Revenue from Top Clients
3 New Clients Added during the Quarter
Secured EPIC Connect and MEDITECH Expanse Implementation and Services across 19 US Hospitals

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Leading Pharma Clients with Enterprise Multi/Hybrid Cloud Integrations, Data Lakes and Genomics Platform Builds
AWS Premier Partner Microsoft Certified Gold Partner

Recognized Cloud Partner of Google

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~~8~~ K Miles

YTD19 Financial Highlights

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Post MI Net Profits INR 144.57 CR Up 16.62% YoY

EBITDA Rs. 273.66 CR Up 29.17% YoY Gross Revenue Rs. 783.35 CR Up 24.36% YoY

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~~8~~ K Miles

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Q3 Key Accomplishments

Ø 8K Miles is a Certified AWS Premier Partner – one of top 40 out of about 60,000 AWS Partners, while 8K Miles is already a Microsoft Gold Cloud Platform Partner
Ø Signed 2019 Annual Contract with potential to well exceed $5M with a Global Pharma Account
Ø Major project awarded by a Large Pharma Account to build Nextgen Data Lake platform as we are actively working on several other projects.
Ø Another Top Pharma Client engaged 8K Miles to build Genomics Data Lake for their Nextgen Genome Analysis
Ø Added a new logo to implement their WebApp and Mobile Clouds along with Annual Support Ø 8K Miles is actively working to rollout our Data Analytics and Data Lake Platforms as a Service
Ø 8K Miles Cornerstone was selected by 4 US Hospitals to drive EPIC Connect Implementations and Program Support
Ø Driving strong growth, 8K Miles Cornerstone MEDITECH Practice was selected for MEDITECH Expanse implementation by 6 US Hospitals while winning Go-Live and Post Go-Live Support across 4 Hospitals and Legacy Support and Services with 5 different Hospitals.

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Q3 Key Accomplishments

Ø To support the continued growth, 8K Miles is further expanding Sales and Account Operations in East and South West USA as well as Europe and APAC

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Ø Continuing to excel on strategic partnerships with AWS, Microsoft, Google, Oracle and Service Now with Joint Sales Operations, Strategic and Tactical Planning as well as Joint Workshops
Ø 8K Miles was chosen as Beta Partner for AWS WorkLink Service. Also, AWS chose 8K Miles as one of the top HCLS (Healthcare & Lifesciences) partners along with other popular vendors VM Ware, Orion Health, Change Healthcare, Clear Data, and Infor

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~~8~~ K Miles

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~~8~~ K Miles

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Financial Summary

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An Overview of Growth
Annual Revenue (INR in Millions) Quarterly Revenue (INR in Millions)
9,000
8,000 8,492 7,833 3,000 2,826 2,606
2,500 2,402
7,000 2,239 2,272
2,111
6,000 2,000 1,957
5,345
1,666
5,000
1,500 1,418
4,000 1,222
1,039
3,000 2,721 1,000 864
2,000
500
1,251
1,000
441
263
-
-
FY13 FY14 FY15 FY16 FY17 FY18 YTD19 Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 Dec-17 Mar-18 Jun-18 Sep-18 Dec-18
Client Concentration
100% Number of Clients by Size of Account:
90% > $1M > $2M > $3M > $5M
80%
70%
65.77% 67.96% 65.73% 66.30% YTD19 20 6 5 1
60%
50% Others FY18 18 6 5 1
40% Top Clients
30%
20% FY17 13 4 2 1
34.23% 32.04% 34.27% 33.70%
10%
0% FY16 8 - -
Dec-18 Sep-18 Jun-18 FY18
CQGR 10.82%
CAGR ~ 104.83%
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YTD19 Revenue Break-up
Growth by Service YTD19 FY18 FY17 FY16 Growth by Domain YTD19 FY18 FY17 FY16
Cloud Transformation Rs. 3,260 Rs. 3,664 Rs. 2,089 Rs. 1,018 Life Science & Healthcare Rs. 4,476 Rs. 4,609 Rs. 2,650 Rs. 1,156
Managed Services Rs. 2,611 Rs. 2,678 Rs. 1,411 Rs. 688 Manufacturing Rs. 1,619 Rs. 1,925 Rs. 1,438 Rs. 896
Security Solutions Rs. 847 Rs. 959 Rs. 663 Rs. 264 Technology & Media Rs. 1,240 Rs. 1,516 Rs. 684 Rs. 380
Consulting Rs. 1,114 Rs. 1,191 Rs. 1,181 Rs. 747 Banking & Insurance Rs. 498 Rs. 442 Rs. 572 Rs. 284
Total Rs. 7,833 Rs. 8,492 Rs. 5,344 Rs. 2,716 Total Rs. 7,833 Rs. 8,492 Rs. 5,344 Rs. 2,716
Service View Domain View
100% 100% 6.36% 5.21%
14.23% 14.03% 10.70% 10.47%
90% 22.10% 90%
27.50% 15.84% 17.85%
80% 10.81% 11.29% 80% 12.80% 13.98%
70% 12.40% 9.71% 70% 20.67% 22.67%
26.90%
60% 33.34% 31.53% 60% 32.97%
50% 26.40% 25.32% 50%
40%
40%
30% 30% 57.14% 54.27%
49.60%
20% 41.62% 43.15% 39.10% 37.48% 20% 42.57%
10%
10%
0%
0%
YTD19 FY18 FY17 FY16 YTD19 FY18 FY17 FY16
Cloud Transformation Managed Services Security Solutions Consulting Life Science & Healthcare Manufacturing Technology & media Banking & Insurance
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Trend of Unbilled Revenue and Receivables

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Unbilled Revenue (No. of Days) Receivables (No. of Days)
120
18
16
100
Average = 85 days
14
80
12
Average = 10 days 60
10
104
95
89 88
8 15 16 14 40 80 71 76 83 79
13
6 13
20
4
6 5 -
2 4 4 31-Dec-16 31-Mar-17 30-Jun-17 30-Sep-17 31-Dec-17 31-Mar-18 30-Jun-18 30-Sep-18 31-Dec-18
-
31-Dec-16 31-Mar-17 30-Jun-17 30-Sep-17 31-Dec-17 31-Mar-18 30-Jun-18 30-Sep-18 31-Dec-18 Receivables Aging Dec-18 (INR in Cr.) Dec-18 %
0-30 114.36 45.0%
31-60 81.22 32.0%
61-90 39.12 15.4%
Over 90 19.42 7.6%
Larger Enterprise Customers have payment terms between 75-120 days
Total 254.12 100%
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~~8~~ K Miles

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YTD19 Consolidated P&L Statement

Particulars	Quarter ended	Quarter ended	Quarter ended	Year To Date	Year To Date	Year ended
	31-Dec-18	30-Sep-18	31-Dec-17	31-Dec-18	31-Dec-17	31-Mar-18
	Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Audited
Revenue from Operations	₹26,055.90	₹28,256.89	₹22,387.61	₹78,334.70	₹62,992.06	₹84,923.87
Other Income(includes Forex Gain/(Loss)	₹-130.41	₹569.80	₹58.50	₹925.21	₹144.19	₹845.24
Total Income	₹25,925.49	₹28,826.69	₹22,446.11	₹79,259.91	₹63,136.25	₹85,769.11
Expenses
Employee benefits and other direct costs	₹12,117.83	₹14,256.05	₹10,926.17	₹37,414.60	₹30,625.05	₹39,930.67
Other expenses	₹4,993.51	₹4,875.12	₹3,787.27	₹14,479.80	₹11,325.31	₹15,751.40
Depreciation & Amortization	₹1,165.52	₹1,299.03	₹860.64	₹3,640.65	₹2,138.43	₹2,518.68
Finance costs	₹221.18	₹334.92	₹207.23	₹763.98	₹509.80	₹971.49
Total expenses	₹18,498.04	₹20,765.12	₹15,781.31	₹56,299.03	₹44,598.59	₹59,172.24
Profit Before Tax	₹7,427.45	₹8,061.57	₹6,664.80	₹22,960.88	₹18,537.66	₹26,596.87
Tax expenses	₹1,647.31	₹1,767.55	₹1,514.48	₹5,037.11	₹4,201.06	₹6,044.71
Profit After Tax	₹5,780.14	₹6,294.02	₹5,150.32	₹17,923.77	₹14,336.60	₹20,552.16
MinorityInterest	₹1,164.99	₹1,203.58	₹670.75	₹3,466.87	₹1,939.46	₹3,379.69
Profit attributable to shareholders	₹4,615.15	₹5,090.44	₹4,479.57	₹14,456.90	₹12,397.14	₹17,172.47
Number of EquityShares	30,517,605	30,517,605	30,517,605	30,517,605	30,517,605	30,517,605
Earnings Per Share (EPS) – Basic & Diluted	₹15.12	₹16.68	₹14.68	₹47.37	₹40.62	₹56.24

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~~8~~ K Miles

Rupees in Lakhs except EPS

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~~8~~ K Miles

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Thank You

Cloud | EMRs | Identity | AI/ML | Blockchain

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AI assistant

SECUREKLOUD TECHNOLOGIES LIMITED — Interim / Quarterly Report 2019

61911_rns_2019-02-13_e6691953-0a82-4889-b00a-368ddc3995ae.pdf

Miles mB

5, Cenotaph Road, II Floor, Srinivas Towers, Teynampet , Chennai - 600 018 © +91 44 66028000 �+91 44 43009049 �cont [email protected] CIN No . L723 0 0TN19 9 3PLC10 1 852 www.8 k m ile s.c o m

@Miles

8K Miles Software Services Limited

5, Cenotaph Road, II Floor, Srinivas Towers, Teynampet, Chennai - 600 018 © +91 44 66028000 �+91 44 43009049 �[email protected] GIN N o. L7230 0TN19 93PLC101852 www.8kmil es.co m

SK MILES SOFTWARE SERVICES LIMITED

(CIN:L72300TN1993PLC101852)

STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31 DECEMBER 2018

8K MILES SOFTWARE SERVICES LIMITED (CIN:L72300TN1993PLC101852)

STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31 DECEMBER 20U

I Notes :

Point 4.3:

Point No 4.5:

Point No. 5:

Deloitte Haskins & Sells LLP

INDEPENDENT AUDITOR'S REPORT ON REVIEW OF INTERIM FINANCIAL RESULTS

TO THE BOARD OF DIRECTORS OF SK MILES SOFTWARE SERVICES LIMITED

Management's Responsibility

Auditor's Responsibility

Basis of Qualified Conclusion

Qualified Conclusion

Management Responses with reference to the basis of Qualification given by Auditors in their Limited Review Report dated 13th February 2019 for Q3 Results

Point No. 4.3

Point No 4.5

Point No. 5

Consolidated Financial Performance for Q3FY19 v/s Q3FY18 (Corresponding Quarter)

Consolidated Financial Performance for Q3FY19 vs Q2FY19 (Sequential Quarter)

Consolidated Financial Performance for YTD19 vs YTD18

Business Highlights for the quarter ended December 31, 2018

Management Statement

About 8K Miles Software Services Ltd

For further information, please contact:

About 8K Miles

Global Leader in Enterprise Cloud Transformations

Q319 - State of Business

YTD19 Financial Highlights

Q3 Key Accomplishments

Q3 Key Accomplishments

Financial Summary

Trend of Unbilled Revenue and Receivables

YTD19 Consolidated P&L Statement

Thank You

More from SECUREKLOUD TECHNOLOGIES LIMITED

SECUREKLOUD TECHNOLOGIES LIMITED Interim / Quarterly Report 2019