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Shaping the future of software driven business
Unconsolidated Financials •
271
Notes
For the year ended
March 31, 2019
March 31, 2018
In
`
Million
In
`
Million
Income
Revenue from operations (net)
24
19,598.67
17,327.49
Other income
25
1,037.90
1,276.82
Total income (A)
20,636.57
18,604.31
Expenses
Employee benefits expense
26.1
9,491.23
8,740.66
Cost of professionals
26.2
2,195.21
2,133.03
Finance costs
0.51
0.62
Depreciation and amortization expense
5.3
458.84
537.81
Other expenses
27
4,107.02
2,640.03
Total expenses (B)
16,252.81
14,052.15
Profit before tax (A - B)
4,383.76
4,552.16
Tax expense (refer note 30)
Current tax
1,283.16
1,175.90
Tax credit in respect of earlier years
65.00
(3.99)
Deferred tax charge / (credit)
(114.48)
(40.92)
Total tax expense
1,233.68
1,130.99
Net profit for the year (C)
3,150.08
3,421.17
Other comprehensive income
Items that will not be reclassified to profit and loss (D)
- Remeasurements of the defined benefit liabilities / (asset) (net of tax)
(49.83)
104.97
(49.83)
104.97
Items that may be reclassified to profit and loss (E)
- Effective portion of cash flow hedge (net of tax)
168.43
(191.81)
168.43
(191.81)
Total other comprehensive income for the year (D) + (E)
118.60
(86.84)
Total comprehensive income for the year (C) + (D) + (E)
3,268.68
3,334.33
Earnings per equity share
[Nominal value of share
`
10 (previous year:
`
10)]
28
Basic (In
`
)
39.40
42.76
Diluted (In
`
)
39.40
42.76
Summary of significant accounting policies
3
Statement of Profit and Loss for the year ended March 31, 2019
The accompanying notes are an integral part of the financial statements.
As per our report of even date
For Deloitte Haskins & Sells LLP
For and on behalf of the Board of Directors of
Chartered Accountants
Persistent Systems Limited
ICAI Firm registration no. 117366W/W-100018
Hemant M. Joshi
Dr. Anand Deshpande
Kiran Umrootkar
Partner
Chairman and Managing Director
Director
Membership no. 038019
DIN: 00005721
DIN: 00326672
Sunil Sapre
Amit Atre
Executive Director and
Company Secretary
Chief Financial Officer
Membership No. A20507
DIN: 06475949
Place: Pune
Place: Pune
Date: April 27, 2019
Date: April 27, 2019