Particulars

31 March,2023

31 March,2022

31 March,2021

ASSETS

Non-current assets

Property, Plant and Equipment

6.33

5.73

6.13

Intangible assets

14.61

29.22

43.83

Right of use assets

8.14

12.79

17.44

Other financial assets

6.78

6.4

6.99

Total Non - current assets

35.86

54.14

74.39

Current assets

Trade receivables

5.1

57.4

8.05

Cash and cash equivalents

7.29

15.85

30.15

Bank balances other than (ii) above

3.25

7.34

10.31

Other financial assets

203.06

222.21

29

Other current assets

346.13

246.2

86.35

Total Current assets

564.83

549

163.86

Total assets

600.69

603.14

238.25

EQUITY AND LIABILITIES

Equity

Equity share capital

57.67

57.41

0.35

Instruments in the nature of equity

1,839.08

1,839.08

1,413.81

Other equity

-1,724.04

-1,432.85

-1,242.11

Total equity

172.71

463.64

172.05

LIABILITIES

Non-current liabilities

Lease liabilities

4.64

10.28

15.33

Provisions

18.25

12.89

9.4

Total Non - Current liabilities

22.89

23.17

24.73

Current liabilities

Borrowings

35

-

-

Lease liabilities

5.64

5.05

3.84

Trade payables

Total outstanding dues of micro and small enterprises

0.14

0.08

-

Total outstanding dues of creditors other than micro and small enterprises

198.04

3.53

4.86

Provisions

55.51

44.42

16.19

Other current liabilities

110.76

63.25

16.58

Total Current liabilities

405.09

116.33

41.47

Total Equity and Liabilities (I+II+III)

600.69

603.14

1238.25

Particulars

31 March,2023

31 March,2022

31 March,2021

Income

Revenue from operations

13,501.13

12,088.90

3,484.00

Other Income

14.83

3.31

6.23

Total Income

13,515.96

12,092.21

3,490.23

EXPENSES

Cost of services

13,389.61

12,074.79

3,485.08

Employee benefit expense

504.96

496.78

224.13

Finance costs

5.06

2.83

2.25

Depreciation and amortisation expense

22.04

22.67

22.9

Other expenses

151.52

72.51

36.99

Total Expenses

14,073.19

12,669.58

3,771.35

Profit /(Loss) before exceptional items and tax

-557.23

-577.37

-281.12

Exceptional items

-

-

Profit /(Loss) before tax

-557.23

-577.37

-281.12

Tax Expense

-

Current tax

-

-

-

Deferred tax

-

-

-

Total income tax expense

-

-

-

Profit/(Loss) for the year

-557.23

-577.37

-281.12

Other comprehensive income/(loss)

1.76

-1.07

0.52

Items that will not be reclassified to profit or loss

Remeasurements of the defined benefit liabilities / (asset)

2.8

-0.69

0.72

Income tax relating to items that will not be reclassified to profit or loss

-

-

-

Items that may be reclassified to profit or loss

Exchange differences on translation of financial statements of foreign operations

-1.05

-0.38

-0.2

Total comprehensive income/(Loss) for the year

-555.47

-578.44

-280.6

Earnings/(loss) per equity share (Face value of Rs.1/- each):

Basic

-9.69

-10.65

-5.41

Diluted

-9.69

-10.65

-5.41

Particulars

31 March,2023

31 March,2022

31 March,2021

CASH FLOW FROM OPERATING ACTIVITIES

Loss for the year

-557.23

-577.37

281.121

Adjustments for:

Depreciation and amortisation expenses

22.04

22.67

22.9

Finance costs

5.06

2.83

2.2

Interest received

-14.83

-3.32

-4.38

Provision for Gratuity

3.34

3.21

3.39

Provision for PLI

16.87

-

Allowance for doubtful trade receivables and bad debts written off

-

7.69

-

Share Based payments to employees

163.43

243.84

103.69

Liabilities no longer required written back

-1.33

-0.09

-1.85

GST Refund

6.86

-

Operating loss before working capital changes

-355.79

-300.54

-155

Changes in working capital:

Adjustments for (increase) / decrease in operating assets:

Trade receivables

52.3

-49.35

5.11

Other financial assets

13.47

-275.32

27.01

Other non-financial assets

-94.39

-21.97

-9.63

Adjustments for increase / (decrease) in operating liabilities:

-

-

-

Other financial liabilities

-

-

Provisions

12.88

36.23

-0.19

Trade payables

194.51

-1.33

-0.26

Other non- financial liabilities

47.51

24.03

3.77

Cash used in operations

-129.51

-588.25

-129.29

Net income tax (paid) / refunded

-5.54

-52.8

0.9

Net cash flow used in operating activities

-135.05

-641.05

-128.29

CASH FLOW FROM INVESTING ACTIVITIES

Capital expenditure on property plant and equipment, including capital

-3.37

3.01

-0.13

advances

(Investments)/Proceeds from bank deposits

-

0.59

54.22

Interest received

5.39

2.36

2.7

Net cash flow from/ (used in) investing activities

2.01

5.96

56.79

CASH FLOW FROM FINANCING ACTIVITIES

Short term borrowings

35

-

-

Repayment of Lease Liabilities

-5.05

-3.84

-3.88

Repayment of interest on lease liabilities

-1.36

-1.86

-1.22

Issue of Share Capital

99.59

627.46

-

Finance costs paid

-3.7

-0.97

-0.01

Net cash flow from/ (used in) financing activities

124.48

620.79

-5.11

Net increase/(decrease) in cash and cash equivalents (A+B+C)

-8.56

-14.3

-76.61

Add: Cash and cash equivalents at the beginning of the year

15.85

30.15

106.76

Cash and cash equivalents at the end of the year

7.29

15.85

30.15

Cash and cash equivalents as per Balance Sheet

7.29

15.85

30.15

Financial Ratios

2023

Current Ratio

1.39

Debt Equity ratio

0.2

Return on Equity Ratio

-322.64%

Trade Receivables turnover ratio

432.04

Trade payables turnover ratio

132.85

Net capital Turnover Ratio

84.52

Net profit ratio

-4.11%

Return on Capital employed (ROCE)

-328.30%

Return on investment

-92.28%

Revenue from Operations of the company increased by 11.68% from Rs. 12088.90 Cr in FY 2022 to Rs.13501.13 Cr in FY 2023.

Loss after tax of the company decreased by 3.48% from Rs. -577.37 Cr in FY 2022 to Rs. -557.23 Cr in FY 2023.

The Return on equity of the company for the year ended 2023 is -323.97%

Particulars

2023

2022

2021

Dividend (final + interim) (In Rs.)

-

-

-

Retained Earnings (Rs. in Cr)

-2644.74

-2087.51

-1510.14