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Annual Report 2016-17
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The accompanying notes are an integral part of the onancial statements
As per our report of even date
For Deloitte Haskins & Sells LLP
ICAI Firm registration no. 117366W/W-100018
Chartered Accountants
For JOSHI APTE & CO
ICAI Firm registration no. 104370W
Chartered Accountants
For and on behalf of the Board of Directors of
Persistent Systems Limited
per Hemant M. Joshi
Partner
Membership no. 038019
per C. K. Joshi
Partner
Membership no. 030428
Dr. Anand Deshpande
Chairman and
Managing Director
Kiran Umrootkar
Director
Sunil Sapre
Chief Financial Ofocer
Amit Atre
Company Secretary
Place : Pune
Date : April 25,2017
Place : Pune
Date : April 25,2017
Place : Pune
Date : April 25,2017
Statement of Proot and Loss for the year ended March 31, 2017
Notes
For the year ended
March 31, 2017
In
`
Million
March 31, 2016
In
`
Million
Income
Revenue from operations (net)
24
17,329.64
14,471.36
Other income
25
946.21
794.70
Total income (A)
18,275.85
15,266.06
Expenses
Employee beneots expense
26.1
8,682.69
7,177.28
Cost of professionals
26.2
2,193.59
1,616.14
Finance costs
0.91
0.92
Depreciation and amortization expense
5.3
609.68
585.35
Other expenses
27
2,751.57
2,422.17
Total expenses (B)
14,238.44
11,801.86
Proot before tax (A - B)
4,037.41
3,464.20
Tax expense (refer note 30)
Current tax
1,086.80
978.92
Tax credit in respect of earlier years
(8.43)
(6.14)
Deferred tax charge / (credit)
18.72
(4.57)
Total tax expense
1,097.09
968.21
Net proot for the year (C)
2,940.32
2,495.99
Other comprehensive income
Items that will not be reclassioed to proot and loss (D)
-
Remeasurements of the deoned beneot liabilities / (asset) (net of tax)
(41.40)
152.11
(41.40)
152.11
Items that may be reclassioed to proot and loss (E)
-
Effective portion of cash pow hedge (net of tax)
116.95
9.95
116.95
9.95
Total other comprehensive income for the year (D) + (E)
75.55
162.06
Total comprehensive income for the year (C) + (D) + (E)
3,015.87
2,658.05
Earnings per equity share
[Nominal value of share
`
10 (Previous year:
`
10)]
28
Basic (In
`
)
36.75
31.27
Diluted (In
`
)
36.75
31.20
Summary of signiocant accounting policies
3