Announces Q2 results & Auditors' Report for the Quarter ended September 30, 2015 [Result]

8/20/2019 Announces Q2 results & Auditors' Report for the Quarter ended September 30, 2015 [Result]

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TATA

CIN:

Regd. Office: ITPB

STATEMENT OF AUDITED RESULTS FOR

PART I

ELXSI LIMITED

4 ,85110KA1989PLC009968

Road, Whitefield, Bengaluru -560

www.tataelxsi.com

0 4 8

ENDED 30 SEPTEMBER, 2015

(Rs. lakhs)

THE QUARTER AN D S IX MON THS

01 Jul 2015

01 Apr 2015 01 Jul 2019

01 Apr 2015

01 Apr 2014 01 Apr 2019

Particulars

to

to to

to

to to

30 Sep 2015

30 Jun 2015 30 Sep 2014

30 Sep 2015

30 Sep 2014

31 Mar 2015

ncome from operat ions

(a )

Net sales/ income from operat ions

26,36579

24 ,35212

20,588.30

50717 .91 39,663.80

84,940.11

(b )

Other operating income

- - - -

.

-

Total income from operat ions (net )

26,365.79

24,352.12 20,588.30

50,717.91 39,663.80

84,940.11

2

xpenses

(a ) Purchases

1,733.80

1,683.66

1,679.57

3 , 41246 3,275.55

7,549.62

(b )

Cha nges in inventories of stock-in-trade

(0.02)

23.38 (5.30)

23.36

(5.30)

(28.90)

(c ) Employee benefits expense

14,357.38

12,914.62 11,397.32

27,272.00

22,000.59

46 ,061 .12

(d )

Depreciation and amort i sat ion expense

568.36

527.09 787.81

1,095.45 1,684.79

2,472.81

(e ) Other expenses

4,146.14

4,499.24 3,337.11

8,645.38

6,444.65

13,701.53

Total expenses

20,805.66

19 ,647.99 17,19631

40,453.65 33,400.28

69,756.18

3

rofi t / (Loss) f rom operat ions before other income, f inance cost s an d

exceptional items (1 - 2)

5560 .13 4,704.13

3,391.79 10,264.26

6,263.52 15,183.93

4

ther Income (Refer Note No .2)

271.00

756,59

131.59

1,027.59 355.50

414.03

5

rofi t / (Loss ) from ordinary act ivi t ies before finance co s ts

exceptional items (3 + 9)

5,831.13 5,460.72

3,523.38 11,291.85

6,619.02

15,597.96

6

inance costs

-

0.79

-

0 1 9

0.14 0.25

7 rofi t / (Loss) f rom ordinary act iv i t ies af ter f inance cost s but before

exceptional items (5 - 6)

5,831.13 5,459.93

3,523.38

12291 .06

6,618.88

15,597.71

8

xceptional items

- - . - - -

9

rofit/ (Loss) hum Ordinary Activities before tax (7 + 8)

5,831.13

5,459.93

3,523.38 11,291.06

6,618.88

15,597.71

1 0

ax expense

2,021.20 1,887.70

1,159.60

3,908.90

2,172.30 5,307.72

11

et Profit/ (Loss) from ordinary activities after tax (9- 10)

3,809.93

3,57223

7161.78

7 ,38216 4,446.58 10,289.99

12 xtraordinary item (net of tax expense Rs. Nil)

- -

- -

1 3

et Profi t/ (Loss) for the period/ year (11 - 12)

3,809.93 3,57223

2,363.78

7 ,38216 4,446.58

10,289.99

14

aid-up equity share capital (equity shares of Rs.10 /- each)

3,113.82 3,113.82

3,113.82 3,113.82

3,113.82 3,113.82

1 5

eserves excluding Revaluation Reserves as per balance sheet of previous

account ing year

25,221.28

1 6

arn ings per share (not annual ked)

- Basic/diluted EPS before extraordinary items

1 1 24

11.47 7.59

23.71

1 4 . 2 8 33.05

- Basic/diluted EPS after extraordinary items

1224 11.47 7.59

23.71

14.28 33.05

SELECT INFORMATION FOR THE QUARTER AND SIX MONTHS END ED 30 SEPTEMBER, 2015

PART II

01 Ju l 2015

01 Apr 2015

01 Jul 2014 01 Apr 2015

01 Apr 2014 01 Apr 2014

Particulars

to to to

to

to to

30 Sep 2015 30 Jun 2015

30 Sep 2014 30 Sep 2015

30 Sep 2014 31 Mar 2015

A

ARTICULARS OF SHAREHOLDING

ublic shareholding

- Number of Shares

171,40,932

171,40,932

171,20,932 171,40,932

171,20,932 171,40,932

- Percentage of shareholding

5 5 %

5 5 %

5 5 %

5 5 %

5 5 %

5 5 %

2

romoters and Promoter group Sh areholding

a. Pledged/Encumbered

- Number of shares

- Percentage of shares (as a % of the total shareholding of

promoter and promoter group)

-

- Percentage of shares (as a % of the total share capital

of the Company)

b.

Non - encumbered

-

- Number of Shares

139,97 ,288

139,97,288

140,17 ,288 139,97,288

140,17,288 139,97,288

- Percentage of shares (as a % of the total shareholding of

00 100

100

100 100 100

Promoter and Promoter Group)

- Percentage of shares (as a % of the total share capital

of the Company)

4 5 %

4 5 %

4 5 % 4 5 %

4 5 % 4 5 %

Part icu lars

3 months ended

30 Sep 2015

N VESTOR COM PLAIN TS

0

Pending at the beginning of the quarter

Received during the quarter

Disposed of during the quarter

Remaining unresolved at the end of the quarter



CIN:

Regd. Office: ITPB

STATEMENT OF AUDITED RESULTS FOR

TATA ELXSI LIMITED

L 8 5 1 1 0 K A 1 9 8 9 P L C 0 0 9 9 6 8

Road, Whitefield, Bengaluru - 560

www.tataelxsi.com

048

2 0 1 5

HE QUARTER AND SIX MONTHS ENDED 30 SEPTEMBER,

SEGMENT RESULTS

(Re. lakhs)

01 Jul 2015 01 Apr 2015 01 Jul 2014 01 Apr 2015 01 Apr 2014 01 Apr 2014

Particulars

to to to to to to

30 Sep 2015 30 Jun 2015 30 Sep 2014 30 Sep 2015 30 Sep 2014 31 Mar 2015

egment Revenue

a

ystem Integration Support Services

1 , 5 74 . 6 9 1 ,843 .61 1 ,687.32 3 , 4 1 8 . 3 0

3 , 0 76 . 0 7

6 , 75 5 . 0 3

b

oftware Development Services

2 4 , 79 1 . 1 0

22 ,508 .51

1 8 , 9 0 0 . 9 8

4 7 , 2 9 9 . 6 1

36,587.73

78 , 1 8 5 . 0 8

Net income from Sales / Services

2 6 , 3 6 5 . 79 2 4 , 3 5 2 . 1 2 2 0 , 5 8 8 . 3 0 5 0 , 7 1 7 . 9 1 39,663.80 8 4 , 9 4 0 . 1 1

2 egment Results

a ystem Integration Support Services

12.88

2 5 2 . 2 8 1 8 8 . 5 7

2 6 5 . 1 6

2 2 7 . 5 5

5 9 3 . 8 6

b

oftware Development Services

6 , 4 8 1 . 4 4 5 , 7 0 2 . 74 4 , 0 3 0 . 6 2

1 2 , 1 8 4 . 1 8

7 , 5 5 4 . 6 9

1 7 , 6 3 3 . 1 9

Total 6 , 4 9 4 . 3 2 5 , 9 5 5 . 0 2 4 , 2 1 9 . 1 9 1 2 , 4 4 9 . 3 4 7 , 7 8 2 .2 4 1 8 , 2 2 7 .0 5

Less: Interest Finance Charges

.

0 . 79

-

0 . 79

0 . 1 4

0 .25

Unallocable Expenditure (net of unallocable income)

6 6 3 . 1 9 4 9 4 . 3 0

695 .81

1 , 1 5 7 . 4 9

1 ,163 .22

2 , 6 2 9 . 0 9

Profit before Tax

5 , 8 3 1 . 1 3 5 , 4 5 9 . 9 3 3 , 5 2 3 .3 8 1 1 , 2 9 1 . 0 6 6 , 6 1 8 . 8 8 1 5 , 5 9 7 .71

3 apital Employed.

a ystem Integration Support Services

3 8 0 . 1 6 5 4 9 . 6 4 73 . 79

3 8 0 . 1 6

73.79

2 1 4 . 5 0

b oftware Development Services

1 9 , 4 6 8 . 6 5 1 8 , 6 4 6 . 0 6 1 6 , 9 6 3 . 1 4

1 9 , 4 6 8 . 6 5

1 6 , 9 6 3 . 1 4

1 6 , 8 4 6 . 9 1

19 ,848 .81 1 9 , 1 9 5 . 70 1 7 , 0 3 6 . 9 3 1 9 , 8 4 8 .8 1 1 7 , 0 3 6 . 9 3 1 7 , 0 6 1 .4 1

Add: Unallocable Capital Employed

1 5 , 9 5 2 . 9 8 1 3 , 0 0 1 . 0 8 9 , 3 5 5 . 6 9

1 5 , 9 5 2 . 9 8

9,355.69

1 0 , 6 2 4 . 4 3

Total 35,801.79

3 2 , 1 9 6 . 78 2 6 , 3 9 2 . 6 2 3 5 , 8 0 1 . 79

26,392.62

2 7 , 6 8 5 . 8 4

STATEMENT OF ASSETS AND LIABILITIES

(Rs. lakhs)

As at

As at

Particulars

Sep 30, 2015 Mar 31, 2015

A EQUITY AND LIABILITIES

1 Shareholders' funds

(a )

Share capital

3 , 1 1 3 . 8 2 3 , 1 1 3 . 8 2

(b ) Reserves and surplus

32 ,603 .44 25 ,221 .28

Sub-total

3 5 , 71 7 . 2 6 2 8 , 3 3 5 . 1 0

2 Non-current liabilities

(a) ong-term provisions

1 , 1 8 0 . 1 7 1 , 0 76 . 4 8

Sub-total

1 , 1 8 0 . 1 7

1 , 0 76 . 4 8

3 Current liabilities

(a )

Trade payables

6 , 4 9 8 . 0 3 6 , 6 1 0 . 72

(b ) Other current liabilities

5 , 0 5 6 . 4 2 4 , 778 . 4 9

(c )

Short-term provisions

2 , 70 5 . 9 8 5 , 73 5 . 1 0

Sub-total

14 ,260 .43 17 ,124 .31

TOTAL - EQUITY AND LIABILITIES 5 1 , 1 5 7 . 8 6 46,535.89

B ASSETS

1 Non-current assets

(a) ixed assets

(i)

angible assets

8 , 4 6 3 . 77 7 , 5 5 1 . 2 9

i i )

ntangible assets

1 , 9 0 1 . 2 5

2 ,297.50

(iii) Capital work-in-progress

175.73 222.71

(iv) Intangible assets under development

63.66 35 .92

Sub-total

1 0 , 6 0 4 . 4 1

1 0 , 1 0 7 . 4 2

(b) on-current Investments

- 2 8 . 6 7

(c) eferred tax assets (net)

2 8 3 . 6 4 4 3 . 6 4

(d) ong-term loans and advances

3 , 5 9 7 . 1 5 3 , 5 75 . 9 9

Sub-total

1 4 , 4 8 5 . 2 0 1 3 , 75 5 . 72

2 Current assets

(a ) Inventories

5.54 28 .90

(b )

Trade receivables

19,62442 1 5 , 4 0 8 . 1 7

(c ) Cash and cash equivalents

1 1 , 3 8 9 . 1 0 1 3 , 2 79 . 5 2

(d ) Short-term loans and advances

2 , 0 0 1 . 4 0

1 , 4 6 8 . 6 6

(e ) Other current assets

3 ,652 .20 2 ,594 .92

3 6 , 6 72 . 6 6

3 2 , 78 0 . 1 7

TOTAL ASSETS

5 1 , 1 5 7 . 8 6

4 6 , 5 3 5 . 8 9



TATA ELXSI LIMITED

CIN: 1,851101CA1989PLC009968

Regd. Office: ITPB Road, Whitefield , Bengaluru - 560 048

www.tataelxsi.com

STATEMENT OF AUDITED RESULTS FOR THE QUARTER AND SIX MONTHS END ED 30 SEPTEMBER, 2015

Notes :

1 he above figures have been reviewed by the Audit Co mmittee and approved by the Board of Directors on October 28 , 2015 .

Other income includes:

Rs. lakhs)

2

Exchange gain / (loss)

Qua rter ended Qua rter ended Qua rter ended Period ended Period ended Year ended

30 Sep 2015 30 Jun 2015 30 Sep 2014

30 Sep 2015 30 Sep 2014 31 Mar 2015

71.93 358.68

(142.27) 430.61 (39.38)

(633.41)

3 he Co mpany ' s whol ly ow ned subsidiary Tata Elxsi (Singapore) Pte Limited ( TE Singapore ) had app l ied to the Account ing and Corpo rate Regulatory Authority ,

striking of its name, since it had ceased its operations. The name will be struck off from the register within a period of three months from the date of notification in

The notification in Government gazette has been issued on 24 .08.201 5. Accordingly TE Singapore is not considered as a subsidiary of the Com pany.

4 revious period's / year's figures have been re-grouped wh erever necessary.

By Order o

for TA

Bengaluru, October 28, 2015

a

Managi

Singapore( ACRA ) for

the Governmen t gazette.

the Board

SI LIMITED

ar

Di

o



Deloitte

Haskins Sells

Chartered Accountants

Deloitte Centre

Anchorage II

100/2 Richmond Road

Bengaluru - 560 025

India

Tel : + 91 (80) 66276000

Fax: + 91 (BO) 66276013

INDEPENDENT AUDITOR S REPORT

TO THE BOARD OF DIRECTORS OF TATA ELXSI LIMITED

We have audited the accompanying statement of standalone financial results of

TATA ELXSI LIMITED

( the Company ) for the quarter and Six months ended September 30, 2015 (`the Statement'), being

submitted by the Company pursuant to the requirement of Clause 41 of the Listing Agreements with the

Stock Exchang es, except for the disclosures in Part II - Select Information referred to in paragraph 4 below.

This Statement has been prepared by the company on the basis of the related condensed standalone

financial statements of the company for the quarter and six months ended September 30, 2015, which are

the responsibility of the Company's Management and has been approved by the Board of Directors. Our

responsibility is to express an opinion on the Statement, based on our audit of the related condensed

standalone financial statements, which have been prepared in accordance with the recognition and

measurement principles laid down in Accounting Standard 25 'Interim Financial Reporting' (AS 25)

specified under Section 133 of the Companies Act, 2013ethe Act'), read with Rule 7 of the Companies

(Accounts) Rules, 2014 and other accounting principles generally accepted in India.

2. We conducted our audit of the Statement in accordance with the auditing standards generally accepted in

India. Those Standards require that we plan and perform the audit to obtain reasonable assurance about

whether the Statement is free of material misstatement. An audit includes examining, on a test basis,

evidence supporting the amounts and the disclosures in the Statement. An audit also includes assessing the

accounting principles used and the significant estimates mad e by the M anagem ent, as well as evaluating the

overall Statement presentation. W e believe that our audit provides a reasonable basis for our opinion.

3. In our opinion and to the best of our information and according to the explanations given to us, the

Statement:

a)

is presented in accordance with the requirements of C lause 41 of the L isting Agreem ents with the Stock

Exchanges; and

b)

gives a true and fair view in conformity with the accounting principles generally accepted in India of

the net profit and other financial information of the Company for the quarter and six months ended

September 30, 2015.

4. Further, we also report that we have traced the number of shares as well as the percentage of shareholding

in respect of the aggregate amount of public shareholding and the number of shares as well as the

percentage of shares pledged /encumbered shareholding and non-encumbered in respect of the aggregate

amount of promoters and promoter group shareholding, in terms of Clause 35 of the Listing Agreements

with the Stock Exchanges and the particulars relating to investor complaints disclosed in Part —II-Select

Information for the Quarter ended September 30, 2015 of the statement ,from the details furnished by the

Company's Registrars.

For

Deloitte Haskins

Sells

Chartered Accountants

Firm's Registration No. 008072S

Place: Bengaluru

1F

S

Date: October 28, 2015

S. Ganesh

Partner

Membership No. 204108

Documents

Announces Q2 results & Auditors' Report for the Quarter ended September 30, 2015 [Result]