PERSISTENT2019-04-012019-06-30in-bse-fin:OneOperatingExpenses01Member PERSISTENT2019-04-012019-06-30in-bse-fin:OneOperatingExpenses02Member PERSISTENT2019-04-012019-06-30in-bse-fin:OneOperatingExpenses03Member PERSISTENT2019-04-012019-06-30in-bse-fin:OneOperatingExpenses04Member PERSISTENT2019-04-012019-06-30in-bse-fin:OneOperatingExpenses05Member PERSISTENT2019-04-012019-06-30in-bse-fin:OneOperatingExpenses06Member PERSISTENT2019-04-012019-06-30in-bse-fin:OneOperatingExpenses07Member PERSISTENT2019-04-012019-06-30in-bse-fin:OneOperatingExpenses08Member PERSISTENT2019-04-012019-06-30in-bse-fin:OneOperatingExpenses09Member PERSISTENT2019-04-012019-06-30in-bse-fin:OneOperatingExpenses10Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares PERSISTENT 2019-04-01 2020-03-31 2019-06-27 INR Millions First quarter Single segment Single segment 2019-04-01 2019-06-30 Audited Standalone 4953950000.00 307050000.00 5261000000.00 0.00 0.00 0.00 2989370000.00 12450000.00 137310000.00 1007140000.00 4146270000.00 1114730000.00 0.00 1114730000.00 338190000.00 -57850000.00 280340000.00 0.00 834390000.00 0.00 0.00 0.00 0.00 834390000.00 -48490000.00 785900000.00 -48490000.00 785900000.00 764250000.00 10 10.77 10.77 0.00 0.00 10.77 10.77 0.00 1. The audited CFS for the QE June 30, 2019, have been taken on record by the BoD at its July 2019 meeting. The statutory auditors have expressed an unqualified audit opinion. n2. The BoD in its meeting held in January 2019, approved buyback. The window for buying shares opened on Feb. 8, 2019 and the Company has purchased 3,575,000 equity shares between Feb. 2019 and June 2019 and has extinguished these shares. The Company has completed the Buyback on June 27, 2019 and the total no.of equity shares outstanding as on June 30, 2019 post buyback stands at 76,425,000. nThe Company has completed the extinguishemnt of 549,887 equity shares on July 3, 2019 which were bought back before June 27, 2019. n3. Persistent Systems Germany GmbH(PSG) has acquired 100% share capital of Youperience GmbH, a Salesforce Certified Gold Partner in Germany. As on that date, Youperience GmbH was holding 30% stake in its associate Company - Youperience Limited, United Kingdom. Balance 70% stake in the said associate has also been acquired by PSG through Youperience GmbH on June 27, 2019. n4. Mr. Sanjay Kumar Bhattacharyya resigned as an Independent Director of the Company w.e.f. July 1, 2019. n5. As reported in the previous quarters, the Company has deposits of Rs. 430 million with the financial institutions viz. IL&FS Group as on the balance sheet date. The Company has not accrued any interest on these deposits since April 1, 2018. In view of the uncertainty prevailing with respect to recovery of outstanding balances from IL&FS Group, Management of the Company has provided an additional amount of Rs. 100.00 million during the quarter ended June 30, 2019, thereby making the total provision to Rs. 282.50 million for impairment in value of deposits as of June 30, 2019. The provision currently reflects the exposure that may arise given the uncertainty. With the resolution plan in progress, the Management of the Company is hopeful of recovery though with a time lag. The Company continues to monitor developments in the matter and is committed to take steps including legal action that may be necessary to ensure full recovery of the said deposits. n6.In the notice of 29th AGM held on July 24, 2019, the Company had proposed re-appointment of M/s. Deloitte Haskins & Sells LLP, Chartered Accountants (‘Deloitte’) as the statutory auditors for a 2nd term of 2 years from the date of the 29th AGM till the conclusion of 31st AGM of the Company, to be held before Sept. 30, 2021. The Company has received a communication dated July 23, 2019 from Deloitte informing that if their reappointment is approved for abovementioned term of 2 years, and not for 5 years, in their view, it will not be in accordance with the law and hence, they will not be able to accept the same. Accordingly, the BoD of the Company has decided to identify a suitable audit firm which would be appointed as the statutory auditors of the Company. In terms of Sec. 139(10) of the Companies Act, 2013, Deloitte shall continue to be the statutory auditor of the Company until the appointment of new statutory auditors. n nNotes on ratios: n1. Debt equity ratio is 0.0007 however the utility rounds off the same to 0.001 automatically and hence actual ratio is provided in notes. n2. Debt service coverage ratio is 713.34 which is computed as EBITDA / (Debt+ Interest service) (Annualised). n Since the utility does not accept this no., we have kept it blank and provided the same in notes. n3. Interest service coverage ratio is 4488.11, which is computed as EBIT/Interest (Annualised). Since the utility does not accept this no., we have kept it blank and provided the same in notes. Communication expenses 18470000.00 Electricity expenses (net) 27470000.00 Fees for sales enablement services 164050000.00 Internet link expenses 12860000.00 Other Expenses 232260000.00 Provision for doubtful deposits 100000000.00 Purchase of software licenses and support expenses 173650000.00 Recruitment expenses 16600000.00 Selling and marketing expenses 173000000.00 Travelling and conveyance 88780000.00