Netripples Software Limited submitted its unaudited financial results for the quarter and half-year ended September 30, 2021, to BSE Limited as required under Regulation 33 of SEBI (LODR) Regulations, 2015, and SEBI Circular No. CIR/CFD/CMD/15/2015 dated 30.11.2015.

The Board of Directors approved these results at a meeting held on November 15, 2021, which commenced at 10:00 am and concluded at 11:00 am.

Financial Results (Quarterly Comparison)

  • Revenue from operations: ₹253.37 lakh for Q2 FY22 (September 2021 quarter), compared to ₹306.07 lakh in Q1 FY22 (June 2021 quarter)
  • Total Income: ₹253.37 lakh (Q2 FY22) vs ₹306.07 lakh (Q1 FY22)
  • Employee benefit expense: ₹1.85 lakh (Q2 FY22) vs ₹2.45 lakh (Q1 FY22)
  • Depreciation expense: ₹0.85 lakh (Q2 FY22) vs ₹0.95 lakh (Q1 FY22)
  • Other Onsite and Project Expenses: ₹244.96 lakh (Q2 FY22) vs ₹283.35 lakh (Q1 FY22)
  • Total Expenses: ₹247.66 lakh (Q2 FY22) vs ₹286.75 lakh (Q1 FY22)
  • Net Profit: ₹5.71 lakh (Q2 FY22) vs ₹15.92 lakh (Q1 FY22)
  • Earnings Per Share (EPS): ₹0.008 (Q2 FY22) vs ₹0.023 (Q1 FY22)

Financial Results (Half-Yearly Comparison)

  • Revenue from operations: ₹559.43 lakh for H1 FY22 (April-September 2021), compared to ₹478.14 lakh in H1 FY21 (April-September 2020)
  • Total Income: ₹559.43 lakh (H1 FY22) vs ₹478.14 lakh (H1 FY21)
  • Employee benefit expense: ₹4.30 lakh (H1 FY22) vs ₹3.58 lakh (H1 FY21)
  • Depreciation expense: ₹1.80 lakh (H1 FY22) vs ₹3.90 lakh (H1 FY21)
  • Other Onsite and Project Expenses: ₹537.41 lakh (H1 FY22) vs ₹452.03 lakh (H1 FY21)
  • Total Expenses: ₹543.51 lakh (H1 FY22) vs ₹459.52 lakh (H1 FY21)
  • Net Profit: ₹15.92 lakh (H1 FY22) vs ₹11.14 lakh (H1 FY21)
  • Earnings Per Share (EPS): ₹0.486 (H1 FY22) vs ₹0.163 (H1 FY21)

Balance Sheet as at September 30, 2021

  • Equity Share capital: ₹681.69 lakh
  • Reserves: ₹331.16 lakh
  • Total Equity: ₹681.69 lakh
  • Non-Current Liabilities: ₹29.35 lakh (including trade payables of ₹5.74 lakh and deferred tax liabilities of ₹23.61 lakh)
  • Current Liabilities: ₹0.24 lakh (current tax liabilities)
  • Property, plant and equipment: ₹24.70 lakh
  • Other non-current assets: ₹3.39 lakh
  • Inventories: ₹663.63 lakh
  • Trade receivables, current: ₹18.56 lakh
  • Cash and cash equivalents: ₹0.90 lakh
  • Bank balance other than cash and cash equivalents: ₹0.10 lakh
  • Total Assets: ₹711.28 lakh

Cash Flow Statement for Half Year Ended September 30, 2021

  • Profit before tax: ₹15.92 lakh
  • Net cash flows from operating activities: ₹15.92 lakh
  • Net cash flows from investing activities: ₹0.00 lakh
  • Net cash flows from financing activities: ₹0.00 lakh
  • Net increase in cash and cash equivalents: ₹15.92 lakh
  • Cash and cash equivalents at beginning of period: ₹0.43 lakh
  • Cash and cash equivalents at end of period: ₹16.35 lakh

Limited Review Report

Statutory auditors M/s. BGS & Associates, Chartered Accountants, issued a limited review report (No: NSL/30092019/II) stating that based on their review conducted in accordance with Standard on Review Engagement (SRE) 2400, nothing has come to their attention that causes them to believe that the financial results contain any material misstatement. The review was signed by B. Govardhana Setty, Proprietor (Membership No: 224317) on November 15, 2021, in Hyderabad.

Capital Structure and Ratios

  • Paid-up equity share capital: ₹681.69 lakh (Face Value ₹10/-)
  • Debt Equity Ratio: 0.000
  • Debt Service Coverage Ratio: 0.000
  • Interest Service Coverage Ratio: 0.000

The company reported no exceptional items, no profit/loss from discontinued operations, and no share of profit/loss of associates/joint ventures during the period.