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Take Solutions Ltd Interim / Quarterly Report 2021
60381_rns_2021-08-12_d2fc5426-2ff6-4820-bb1e-e8585cb3f533.pdf
Interim / Quarterly Report
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TECHNOLOGY ANALYTICS KNOWLEDGE ENTERPRISE
August 12, 2021
TAKE/BSE/2021-22
The Manager Dept. of Corporate Services-Listing Bombay Stock Exchange Limited, P. J. Towers, Dalal Street, Mumbai - 400001 Scrip Code: 532890
TAKE/NSE/2021-22
The Manager-Listing Department National Stock Exchange of India Limited Exchange Plaza, Bandra - Kurla Complex, Bandra (East), Mumbai - 400051 Symbol: TAKE
Dear Sir/Madam,
Sub: Earnings Release
We are pleased to enclose an Earnings release for your reference and record.
Kindly take note of the same.
Thanking you.
Yours sincerely, For TAKE Solutions Limited
Srinivasan. P Company Secretary
Encl: As above.
/;- /)' "' ...... ~, Registered & Corporate Office : No: 27, Tank Bund Road, Nungambakkam, Chennai - 600 034 ,('¢:>1:~~~"::.,_ CIN: L63090TN2000PLC046338; GSTIN: 33AABCT3684M1 Z0 ...... <-f-.,..,,. ~---~.':{!"'-~._ "G~- TAKE SOLUTIONS LIMITED
www.takesolutions.com
ALL HANDS ON DECK
Q1 FY22 Earnings Release
Quarter Ended June 30, 2021
Business Highlights
Moderate impact of COVID 2nd wave
Focus on Cash Profitability - Yielding Desired Results
| -15 | Q1 FY 21 | Q2 FY 21 | Q3 FY 21 | Q4 FY 21 | Q1 FY22 |
|---|---|---|---|---|---|
| Revenue | 21.96 | 29.34 | 29.31 | 30.09 | 28.47 |
| EBITDA | -5.64 | -9.85 | 2.05 | 5.68 | 4.49 |
| Op. Cash Profit | -6.99 | -11.12 | 0.78 | 4.54 | 3.04 |
Profit & Loss account
All figures in USD Mn
| Particulars | Q1 FY 22 | Q1 FY21 | Q4 FY 21 |
|---|---|---|---|
| Revenue from Operations | 28.3 | 22.0 | 30.1 |
| Other Income | 0.3 | 0.4 | (0.2) |
| Total Income | 28.7 | 22.4 | 29.9 |
| Expenses | |||
| Cost of Revenue | 8.2 | 6.9 | 6.7 |
| Employee benefits expenses | 12.6 | 17.0 | 12.4 |
| Finance Costs | 1.5 | 1.3 | 1.1 |
| Depreciation and amortisation | 3.4 | 4.0 | 3.8 |
| Other Expenses | 3.3 | 4.1 | 5.1 |
| Total Expenses | 29.2 | 33.4 | 29.2 |
| Profit / (Loss) before before exceptional items and tax | (0.3) | (11.0) | 0.7 |
| Exceptional Items | - | 20.7 | 9.6 |
| Profit / (Loss) before before tax | (0.3) | (31.7) | (8.9) |
| Tax Expense | 0.1 | 0.2 | 0.9 |
| Profit / (Loss) for the year | (0.4) | (31.9) | (9.8) |
Strategic Partnership with HIG Capital
Navitas brand addresses the business side of biopharma R&D
HIG will pay TSL a consideration of USD 101.63 Mn for a 75% stake
USD 91.63 Mn in Cash & USD 10 Mn in Seller Notes
carrying PIK interest @ 6% p.a.
Deal Structure Broad Contours of the Navitas asset
- Navitas consists of business/entities across multiple geographies
- This necessitates internal restructuring before consummation of transaction
Partnership with HIG Capital:
Completely Deleverage TAKE
TSL becomes zero debt company with adequate cash on Balance Sheet
4-5x Potential Returns on residual stake
Opportunity to monetize USD 120-150 Mn additionally basis HIG track record
Strong Cash Position
To grow TSL business in non conflicted (with Navitas asset) relevant adjacencies and explore opportunity to diversify
Earnings Conference Call Represented By
Srinivasan H.R.
Vice Chairman and Managing Director
Shobana N.S Executive Director
Lalit Mahapatra Chief Financial Officer
Conference Details
Time: 16:00 (IST) | Date: August 13th, 2021, Please join the call at least 5-10 minutes prior to the conference schedule to ensure that you are connected to the call-in time.
Express Join with DiamondPass™
Call Co-ordinator: Mr. Sriraam Rathi: Phone: +91 22 6637 7574, Mr. Vinay Bafna: Phone: +91 22 6637 7339,
THANK YOU
For more details, please contact: [email protected]
Confidential - Property of TAKE Solutions- 2021 10 www.takesolutions.com