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iris-20180930.htm
221.92419.44 540735in-bse-fin:ReportableSegments1Member2017-04-012017-09-30540735in-bse-fin:ReportableSegments2Member2017-04-012017-09-30540735in-bse-fin:ReportableSegments3Member2017-04-012017-09-305407352017-04-012017-09-30540735in-bse-fin:ReportableSegments4Member2017-04-012017-09-305407352017-09-305407352018-03-315407352017-10-012018-03-315407352017-04-012018-03-31540735in-bse-fin:ReportableSegments1Member2017-10-012018-03-31540735in-bse-fin:ReportableSegments2Member2017-10-012018-03-31540735in-bse-fin:ReportableSegments3Member2017-10-012018-03-31540735in-bse-fin:ReportableSegments4Member2017-10-012018-03-31540735in-bse-fin:ReportableSegments1Member2017-04-012018-03-31540735in-bse-fin:ReportableSegments2Member2017-04-012018-03-31540735in-bse-fin:ReportableSegments3Member2017-04-012018-03-31540735in-bse-fin:ReportableSegments4Member2017-04-012018-03-31540735in-bse-fin:ReportableSegments1Member2018-03-31540735in-bse-fin:ReportableSegments2Member2018-03-31540735in-bse-fin:ReportableSegments3Member2018-03-31540735in-bse-fin:ReportableSegments4Member2018-03-31540735in-bse-fin:ReportableSegments1Member2017-09-30540735in-bse-fin:ReportableSegments2Member2017-09-30540735in-bse-fin:ReportableSegments3Member2017-09-30540735in-bse-fin:ReportableSegments4Member2017-09-305407352018-04-012018-09-305407352018-09-30540735in-bse-fin:ReportableSegments1Member2018-04-012018-09-30540735in-bse-fin:ReportableSegments2Member2018-04-012018-09-30540735in-bse-fin:ReportableSegments3Member2018-04-012018-09-30540735in-bse-fin:ReportableSegments4Member2018-04-012018-09-30540735in-bse-fin:ReportableSegments1Member2018-09-30540735in-bse-fin:ReportableSegments2Member2018-09-30540735in-bse-fin:ReportableSegments3Member2018-09-30540735in-bse-fin:ReportableSegments4Member2018-09-30iso4217:INRiso4217:INRxbrli:shares

M.    P. Chitale & Co.

Chartered Accountants

1/11, Prabhadevi Ind. Estate, 1st Flr., Opp. Siddhivinayak Temple, Veer Savarkar Marg, Prabhadevi, Mumbai - 25 Tel.: 43474301-03 Fax : 43474304

 

 

Independent Auditor's Review Report on Unaudited Consolidated half yearly financial results of the Company pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

 

 

Board of Directors

IRIS Business Services Limited,

Tower 2, 3rd Floor,Infotech Park,

Vashi, Navi Mumbai 400703

 

 

We have reviewed the accompanying unaudited consolidated financial results of IRIS Business Services Limited (“the Company”) for the half year ended September 30, 2018 which are included in the accompanying “Unaudited consolidated Financial Results for the Half year Ended September 30, 2018” together with notes thereon (“the Statement”). The statement has been prepared by the company pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 (“the Listing Regulations 2015”) which has been initialed by us for identification purposes. The statement is the responsibility of the Company’s management and has been approved by the Board of Directors. Our responsibility is to issue a report on the Statement based on our review.

 

We conducted our review in accordance with Standard on Review Engagements (SRE) 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity” issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement.

 

A review is limited primarily to inquiries of the Company personnel and analytical procedures applied to financial data. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. We have not performed an audit and accordingly, we are not expressing an audit opinion.

 

Based on our review conducted as above, nothing has come to our attention that causes us to believe that the Statement has not been prepared in all material respects in accordance




M. P. Chitale & Co.

Chartered Accountants

 

 

with the applicable Accounting Standards prescribed under Section 133 of the Companies Act, 2013 and other recognised accounting practices and policies, and has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement.

 

For M.P.Chitale & Co.

Chartered Accountants

FRN: 101851W 

Graphics Graphics

Viraj Londhe

Partner

Mem No.: 45761

 

Mumbai, November 03, 2018





 

 

 

Graphics

IRIS Business Services Limited

Statement of Unaudited Standalone Financial Results for the half year ended 30th September 2018

(Rs. in Lakhs except per Share data)

Half Year Ended

30-Sep-2018

Half Year Ended

31-Mar-2018

Half Year Ended

30-Sep-2017

  Year Ended

31-Mar-2018

Particulars (Unaudited) (Audited) (Unaudited) (Audited)
           
I. Revenue from operations 1,746.14 2,247.19 1,243.58 3,490.77 
II. Other income 94.93 36.16 6.10 42.26 
III. Total Revenue (I + II) 1,841.08 2,283.35 1,249.68 3,533.03 
IV. Expenses:        
  Employee benefits expense 1,141.73 996.76 892.34 1,889.10 
  Finance costs 81.70 97.65 101.45 199.10 
  Depreciation and amortization expense 234.29 228.78 220.00 448.78 
  Other expenses 809.48 940.66 582.02 1,522.68 
  Total expenses 2,267.20 2,263.85 1,795.81 4,059.66 
           
V.

Profit from ordinary activities before exceptional and extraordinary items and tax (III-IV)

(426.12) 19.50 (546.13)
(526.63)
VI. Exceptional expenses / (incomes) - 5.41 - 5.41 
VII.

Profit from ordinary activities before extraordinary items and tax (V - VI)

(426.12) 14.10 (546.13) (532.03)
VIII. Extraordinary Items - - - - 
IX.

Profit from ordinary activities before tax (VII- VIII)

(426.12) 14.10 (546.13) (532.03)
X Tax expense:        
  (1) Current tax - - - - 
  (2) Deferred tax (6.76) (46.20) 3.46 (42.74)
  (3) Tax expense / (income) for earlier years 27.26 - - - 
       
XI

Profit (Loss) for the period from continuing operations (IX-X)

(446.62) 60.30 (549.59) (489.30)
XII Profit/(loss) from discontinuing operations - - - - 
XIII Tax expense of discontinuing operations - - - - 
           
 XIV Profit/(loss) from Discontinuing operations (after tax) (XII-XIII) - - - - 
XV Profit (Loss) for the period (XI + XIV) (446.62) 60.30 (549.59) (489.30)
XVI Earnings per equity share:        
  (1) Basic (2.12) 0.37 (3.96) (3.01)
  (2) Diluted (2.12) 0.37 (3.96) (3.01)
For IRIS Business Services Limited    
Graphics Graphics  Graphics
K Balachandran    
Whole Time Director & CFO     
DIN: 00080055    
Date: November 03, 2018    

T-231, Tower 2, 3rd Floor, International Infotech Park, Vashi Station, Vashi, Thane - 400 703, Maharashtra, India.

Tel. : +91 22 6723 1000 Fax: +91 22 2781 4434 E-mail: contact@irisindia.net. CIN : U72900MH2000PLC128943

Graphics

IRIS Business Services Limited

Unaudited Standalone Statement of Assets and Liabilities

(Rs. in Lakhs)

  As at

As at

Particulars 30 September 2018 31 March  2018
   (Unaudited)  (Audited)
I. EQUITY AND LIABILITIES    
1 Shareholders’ funds    
  (a) Share capital 1,887.92 1,887.92
  (b) Reserves and surplus 828.74 1,262.07
2 Share application money pending allotment - -
3 Non-current liabilities    
  (a) Long-term borrowings 573.89 687.82
  (b) Deferred tax liabilities (Net) - 6.76
4 Current liabilities    
  (a) Short-term borrowings 575.20 676.05
  (b) Trade payables    
  (i) Due to micro enterprises and small enterprises 10.53 17.99
  (ii) Due to others 211.39 401.45
  (c) Other current liabilities 985.12 970.19
  (d) Short-term provisions 1,489.26 1,585.55
  TOTAL 6,562.04 7,495.79
II. ASSETS      
  Non-current assets    
1 (a) Property, Plant and Equipment    
  (i) Tangible assets 997.72 1,012.55
  (ii) Intangible assets 765.77 867.78
  (iii) Capital work-in-progress - -
  (iv) Intangible assets under development 1,660.06 1,732.93
  (b) Non-current investments 116.74 116.74
  (c) Long-term loans and advances 4.74 4.74
  (d) Other non-current assets - 67.77
2 Current assets    
  (a) Trade receivables 1,147.07 1,334.72
  (b) Cash and cash equivalents 781.75 825.76
  (c) Short-term loans and advances 21.65 69.65
  (d) Other current assets 1,066.52 1,463.15
  TOTAL 6,562.04 7,495.79
For IRIS Business Services Limited    
Graphics Graphics  Graphics
K Balachandran    
Whole Time Director & CFO     
DIN: 00080055    
Date: November 03, 2018    

T-231, Tower 2, 3rd Floor, International Infotech Park, Vashi Station, Vashi, Thane - 400 703, Maharashtra, India.

Tel. : +91 22 6723 1000 Fax: +91 22 2781 4434 E-mail: contact@irisindia.net. CIN : U72900MH2000PLC128943

Graphics

IRIS Business Services Limited

Unaudited Standalone Segment wise Revenue, Results and Assets and liabilitiesResults and Assets and Liabilities

(Rs. In Lakhs)
  Half Year
Ended
Half Year
Ended
Half Year
Ended
Year Ended
  30-Sep-2018 31-Mar-2018 30-Sep-2017 31-Mar-2018 
Particulars (Unaudited) (Audited) (Unaudited) (Audited)
1. Segment Revenue        
(a) Segment – Collect 910.71 1,428.79 762.43 2,191.22
(b) Segment – Create 717.30 702.36 374.03 1,076.39
(c) Segment – Consume 118.13 116.05 107.11 223.16
Less: Inter Segment Revenue - - - -
Net sales/Income From Operations 1,746.14 2,247.19 1,243.58 3,490.77

2. Segment Results (Profit)(+)/ Loss (-) before tax and interest from Each segment)

       
(a) Segment – Collect 57.79 381.72 42.48 424.21
(b) Segment – Create (239.92) (52.16) (266.64) (318.79)
(c) Segment – Consume (22.93) (25.20) (6.64) (31.84)
(d) Unallocated 94.93 36.16 6.10 42.26
Total (110.13) 340.53 (224.69) 115.84
Less: i) Interest 81.70 97.65 101.45 199.10

ii) Other Un-allocable Expenditure net off Un-allocable income

234.29 228.78 220.00 448.78
Total Profit Before Tax (426.12) 14.10 (546.13) (532.03)
3. Segment Assets        
(a) Segment – Collect 750.27 875.81 423.55 875.81
(b) Segment – Create 362.75 492.98 178.42 492.98
(c) Segment – Consume 1,694.11 1,698.86 1,666.95 1,698.86
(d) Unallocated 3,754.90 4,428.15 3,926.41 4,428.15
Total assets 6,562.04 7,495.79 6,195.33 7,495.79
4. Segment Liabilities        
(a) Segment – Collect 68.99 200.95 51.78 200.95
(b) Segment – Create 32.73 71.14 27.18 71.14
(c) Segment – Consume - 17.71 1.05 17.71
(d) Unallocated 3,743.66 4,056.01 4,648.80 4,056.01
Total Liabilities  3,845.38 4,345.81 4,728.81 4,345.81
Capital Employed 2,716.66 3,149.99 1,466.51 3,149.99
For IRIS Business Services Limited    
Graphics Graphics  Graphics
K Balachandran    
Whole Time Director & CFO     
DIN: 00080055    
Date: November 03, 2018    

T-231, Tower 2, 3rd Floor, International Infotech Park, Vashi Station, Vashi, Thane - 400 703, Maharashtra, India.

Tel. : +91 22 6723 1000 Fax: +91 22 2781 4434 E-mail: contact@irisindia.net. CIN : U72900MH2000PLC128943

 

Graphics

IRIS Business Services Limited

Notes:

1. The above financial results were reviewed and recommended by the Audit committee of the Board and approved by the Board of directors at their meeting held on November 03rd, 2018.

 

2. The above financial results are drawn in accordance with the accounting policies consistently followed by the Company.

3. The total other income of Rs. 94.93 lakhs in standalone financials includes interest income of Rs. 31.78 lakhs and Rs. 61.20 lakhs of net foreign exchange earnings.

 

4. The consolidated results include results of three subsidiaries – Atanou S.r.l., IRIS Business Services LLC and IRIS Business Services (Asia) Pte Ltd.

 

5. Corresponding previous period's figures have been regrouped reclassified wherever necessary.

6. The results for the half year ended 30th September, 2018 are available on the Bombay Stock Exchange website (URL: www.bseindia.com) and also on the company's website (URL: www.irisbusiness.com).

 

For IRIS Business Services Limited    
Graphics Graphics  Graphics
K Balachandran    
Whole Time Director & CFO     
DIN: 00080055    
Date: November 03, 2018    

 


T-231, Tower 2, 3rd Floor, International Infotech Park, Vashi Station, Vashi, Thane - 400 703, Maharashtra, India.

Tel. : +91 22 6723 1000 Fax: +91 22 2781 4434 E-mail: contact@irisindia.net. CIN : U72900MH2000PLC128943

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