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Accentia Technologies Ltd

Consolidated Financial results for the Quarter ended 31st June 2015
Rs inLakhs
3 Months ended
Particulars

Unaudited

Unaudited

Audited

30-Jun-15

31-Mar-15

30-Jun-14

31-Mar-15

426.65
1.21

474.06
1.26

1134.09
1.43

2,954.38
5.78

427.86
78.46
568.22
48.85
695.53

475.32
62.13
860.57
30.75
953.45

1,135.52
431.76
912.09
173.24
1,517.09

2,960.16
793.73
3,587.86
368.44
4,750.03

(267.67)

(478.13)

(381.57)

-1,789.87

(478.13)

(381.57)
202.45
(584.02)

742.30
-2,532.17
0

Revenue from operations
Other Income
Income from Operations
Employee cost
Depreciation
Other Expenditure
Total Expenditure
Profit from operations before Other Income, Finance cost and
Exceptional Items

Audited

Year ended

Other income
Profit from operations before Finance cost and Exceptional
Items

(267.67)

Finance Cost
Profit after finance cost but before Exceptional Items

162.48
(430.15)

170.62
(648.75)

(430.15)
(104.00)
(326.15)
(12.34)
(338.49)

(648.75)
(339.14)
(309.61)
(21.65)
(331.26)

(584.02)
(12.34)
(571.68)
(24.38)
(596.06)

-2,532.17
-378.81
-2,153.36
-51.33
(2,204.69)

1,702.46

1,702.46

1,702.46

1,702.46

-1.99

-1.95

-3.50

-12.95

1,43,17,589
84.10
2706981.00

1,43,17,589
84.10
2706981.00

1,43,17,589
84.10
2706981.00

1,43,17,589
84.10
2706981.00

1305000

1305000

1305000

1305000

48.21

48.21

48.21

48.21

Percentage of shares (as a percentage to the Total share
capital of the company)

7.67

7.67

7.67

7.67

b)Non Encumbered
Number of shares
Percentage of shares (as a percentage to the share holding of
promoters and promoter group Holding)

1401981

1401981

1401981

1401981

51.79

51.79

51.79

51.79

8.24

8.24

8.24

8.24

Exceptional Items

0

Profit before Tax
Tax Expense
Profit after Tax
share of loss from Associates
Group Consolidated Profit
Paid up Equity Share Capital (Face value Rs 10 Each)
Reserves excluding Revaluation reserve
Earnings Per Share
Basic/Diluted
Public Share holding:
Numbers of Shares
% of Shareholding
Promoters and Promoters group share holding
a)Pledged/Encumbered
Number of shares
Percentage of shares (as a percentage to the share holding of
promoters and promoter group Holding)

Percentage of shares (as a percentage to the Total share
capital of the company)

Particulars

3 months
ended
30/06/2015

Investor Complaints
Pending at the beginning of the quarter

0

Received during the quarter

0

Disposed duringe quarter

0

Remaining unresolved at the end of the quarter

0

-1,789.87

Notes to Un-audited Consolidated Financial Results:
th

1.

The Revenue from operations for the Quarter ended 30 June 2015 is at Rs 426.05 Lakhs is as against Rs 1134.09 lakhs for the
quarter of the previous year. Loss for the quarter is at Rs 338.49 Lakhs is as against Rs 596.06 Lakhs for the quarter of the previous
year.

2.

The Revenues and profitability for the quarter were affected due to the policy change in our company's biggest market place,
USA. The new Healthcare policy (Obama care as it popularly known), which mandates the use of Electronic Medical Records
(EMR) instead of the traditional Medical Transcription has forced our company to transition from a pure play BPO/KPO to a more
bottom-line centric, Technology cum solutions provider, offering hosted end-to-end solutions for Practice Management System
(PMS), Electronic Medical Records (EMR), Integrated Revenue Cycle Management (RCM) through our PaaS model (Platform as a
Service). The clients in our PaaS model are enterprises who provide EMR/PMS and RCM solutions to healthcare providers, viz.
Physicians, clinics and hospitals. The other major vertical our company is focusing currently is to provide white labeled software
products in the above mentioned areas with necessary customization to business enterprises across North America in the first
phase and to go global from the year of FY 2015-16. Company's revenues and profitability were temporarily affected due to the
above major transition currently underway. The revised time frame to complete the above restructuring is by the 3rd Quarter of
201516.

3.

The above published consolidated results have been prepared in accordance with the principles and procedures as set out in the
Accounting Standard 21 on “Consolidated Financial Statements” specified under Section 133 of the Companies Act, 2013.

4.

The Company has only one Segment of Revenue i.e. Software, Software Products, BPO and ITES and hence the segment reporting
is not applicable.

5.

The relevant figures for Accentia Technologies as a standalone entity are: (Rs in Lakhs)
Particulars
June 15

Three Months ended
March 15

June 14

Year ended
March 15

Total Income
Profit before Tax

113.55
(353.15)

126.19
(497.36)

174.71
(575.47)

580.32
(2,114.18)

Profit after Tax

(287.15)

(170.07)

(566.12)

(1754.69)

-1.69

-1.00

-3.33

-10.31

EPS

6.

The figures for the previous period/year have been regrouped/re-arranged wherever necessary.

7.

The Un-audited Consolidated Financial Results have been reviewed by Audit Committee and approved by the Board of Directors
th
at their meeting held on 14 Aug 2015.

By the Order of the Board of Directors
Place: Trivandrum
Date: 14.08.2015

for Accentia Technologies Ltd

ep Viswam
amb
am
Pradeep
Viswambharan
t
Director

Accentia Technologies Limited
Standalone Financial results for the Quarter and Year ended 31st June 2015
Rs in Lakhs
Year ended

3 months ended
Particulars
Revenue from operations
Other operating Income
Income from operations
Employee cost
Depreciation
Other Expenditure
Total Expenditure
Profit from operations before Other Income, Finance cost
and Exceptional Items
Other income
Profit from operations before Finance cost and Exceptional
Items
Finance Cost
Profit after Finance costs but before Exceptional Items

Unaudited

Audited

Unaudited

31-Mar-15

30-Jun-14

31-Mar-15

113.07
0.48

125.63
0.56

174.26
0.45

577.95
2.37

113.55
12.36
284.42
13.47
310.25

126.19
15.12
427.73
15.46
458.31

174.71
79.43
423.21
45.09
547.73

580.32
141.09
1,704.11
129.31
1,974.51

(196.70)
0

(332.12)
0

(373.02)
0

(1,394.19)
0

(373.02)

(1,394.19)

(196.70)

(332.12)

156.45

165.24

202.45

719.99

(353.15)

(497.36)

(575.47)

(2,114.18)

(353.15)
(66.00)
(287.15)

(497.36)
(327.29)
(170.07)

(575.47)
(9.35)
(566.12)

(2,114.18)
(359.49)
(1,754.69)

1,702.46

1,702.46

1,702.46

1,702.46

-1.69

-1.00

-3.33

-10.31

Exceptional Items
Profit from ordinary activities before Tax
Tax Expense
Profit from ordinary activities after Tax
Equity Capital
Reserves excluding Revaluation reserve
Earnings Per Share
Basic/Diluted
Public Shareholding:
Numbers of Shares

Audited

30-Jun-15

-

1,43,17,589

1,43,17,589

1,43,17,589

1,43,17,589

% of Shareholding
Promoters and Promoters group share holding

84.10
27,06,981

84.10
27,06,981

84.10
27,06,981

84.10
27,06,981

a)Pledged/Encumbered
Number of shares
Percentage of shares (as a percentage to the shareholding of
promoters and promoter group Holding)

13,05,000

13,05,000

13,05,000

13,05,000

48.21

48.21

48.21

48.21

7.67

7.67

Percentage of shares (as a percentage to the Total share
capital of the company)
b)Non Encumbered
Number of shares
Percentage of shares (as a percentage to the shareholding of
promoters and promoter group Holding)
Percentage of shares (as a percentage to the Total share
capital of the company)

Particulars

7.67

7.67

14,01,981

14,01,981

14,01,981

14,01,981

51.79

51.79

51.79

51.79

8.24

8.24

8.24

8.24

3 months
ended
30/06/2015

Investor Complaints
Pending at the beginning of the quarter

0

Received during the quarter

0

Disposed during the quarter

0

Remaining unresolved at the end of the quarter

0

Notes to Un-audited Financial Results:
th

1.

The Revenue from operations for the Quarter ended 30 June 2015 is at Rs113.07 Lakhs as against Rs
174.26 Lakhs for the quarter of previous year. Loss for the quarter Rs287.15 Lakhs as against Rs
566.12 Lakhs for the quarter of previous year.

2.

The Revenues and profitability for the quarter were affected due to the policy change in our
company's biggest market place, USA. The new Healthcare policy (Obama care as it popularly known),
which mandates the use of Electronic Medical Records (EMR) instead of the traditional Medical
Transcription has forced our company to transition from a pure play BPO/KPO to a more bottom-line
centric, Technology cum solutions provider, offering hosted end-to-end solutions for Practice
Management System (PMS), Electronic Medical Records (EMR), Integrated Revenue Cycle
Management (RCM) through our PaaS model (Platform as a Service). The clients in our PaaS model
are enterprises who provide EMR/PMS and RCM solutions to healthcare providers, viz. Physicians,
clinics and hospitals. The other major vertical our company is focusing currently is to provide white
labeled software products in the above mentioned areas with necessary customization to business
enterprises across North America in the first phase and to go global from the year of FY 2015-16.
Company's revenues and profitability were temporarily affected due to the above major transition
currently underway, which is expected to complete by the 3rd Quarter of 2015-16.

3.

The Company has only one Segment of Revenue i.e. Software, Software Products, BPO and ITES and
hence the segment reporting is not applicable.

4.

The figures for the previous period/year have been regrouped/re-arranged wherever necessary.

5.

The Un-audited Consolidated Financial Results have been reviewed by Audit Committee and
th
approved by the Board of Directors at their meeting held on 14 Aug 2015.

By the Order of the Board of Directors

Place: Trivandrum
Date: 14.08.2015

for Accentia Technologies Ltd

eep Visw
wam
a
Pradeep
Viswambharan
Director