Netripples Software Limited submitted its standalone audited financial results for the financial year ended March 31, 2019 to BSE Limited. The Board of Directors approved the financial statements at its meeting held on May 19, 2019, which commenced at 11:00 AM and concluded at 04:30 PM.

Financial Performance

Profit & Loss Statement:

  • Revenue from operations (net): ₹24,98,65,156 for FY19 (₹25,66,70,631 for FY18)
  • Total expenses: ₹24,51,80,330 for FY19 (₹25,17,70,344 for FY18)
  • Profit before tax: ₹46,84,826 for FY19 (₹49,00,287 for FY18)
  • Tax expense: ₹2,95,826 for FY19 (₹3,31,321 for FY18)
  • Net profit for the year: ₹43,89,000 for FY19 (₹38,73,506 for FY18)

Balance Sheet (as of March 31, 2019):

  • Share capital: ₹6,81,69,000 (unchanged from previous year)
  • Reserves and surplus: ₹3,02,95,142 (₹2,59,06,142 in FY18)
  • Total equity: ₹9,84,64,142 (₹9,40,75,142 in FY18)
  • Deferred tax liabilities: ₹23,61,065 (unchanged)
  • Current liabilities: ₹15,05,600 in trade payables (₹18,50,863 in FY18)
  • Short-term borrowings: Nil (₹2,86,90,270 in FY18)
  • Total assets: ₹10,26,26,477 (₹12,73,08,661 in FY18)
  • Current investments: ₹8,60,16,715 (₹10,74,91,440 in FY18)
  • Trade receivables: ₹1,05,58,366 (₹1,15,10,540 in FY18)
  • Cash and cash equivalents: ₹3,25,205 (₹18,450 in FY18)

Cash Flow Statement:

  • Net cash flow from operating activities: ₹3,49,37,259 (₹1,67,49,207 in FY18)

Segment Information:

  • Healthcare Application Software: ₹14,99,19,000 revenue
  • Software Products & Services: ₹9,99,46,000 revenue
  • Total revenue: ₹24,98,65,000

Earnings Per Share:

  • Basic EPS: ₹0.6438 for FY19 (₹0.5682 for FY18)

Significant Accounting Policies

  • Financial statements prepared under Indian Accounting Standards (Ind AS)
  • Revenue recognized when significant risks and rewards of ownership are transferred
  • Fixed assets stated at cost less accumulated depreciation
  • Depreciation provided on WDV method as per Schedule II of Companies Act, 2013
  • Inventories measured at lower of cost or net realizable value
  • Investments classified as current or long-term with appropriate valuation
  • Foreign currency transactions recorded at exchange rates prevailing at transaction date
  • Taxation includes current tax and deferred tax

Other Disclosures

  • The company has no dues to Micro, Small and Medium Enterprises
  • Previous year figures have been reclassified where necessary
  • Accounts of sundry debtors, creditors and advances are subject to confirmation
  • The company operates in a single business segment of software services