lse

2

PE.OPLE: Pl"10( E:.:,S TEL:1 INOLOGY

GOLDSTONE TECHNOLOGIES LIMITED

9-1-83 & 84,

Amarchand Sharma Complex,

S.D. Road, Secunderabad - 500 003,

Telangana, INDIA.

Tele : +91-40-40313285/86/87 /88

Fax: +91-40-3912 0023

URL: www.goldstonetech.com

CIN : L72200TG1994PLC017211

E-mail Id : corporate@goldstonetech.com

CIN: L72200TG1994PLC017211 Email Id: corporate@goldstonetech.com 9-1-83 & 84, AC Sharma Complex, SD Road Secunderabad, Ph. No 040 • 27807640, Fax +91-040-39120023

UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH JUNE 2018

Particulars

PART-f

I. Revenue from operations

II. Other income

Ill. Total revenue (I + II)

IV. Expenses:

(a).Cost of software licenses

(b).Employee benefits expenses

(c).Finance costs

(d).Depreciation and amortization expenses

(e).Other expenses

Total expenses

V. Profit before tax (IV -V)

VI. Tax expense

(1).Current tax

(2) .Deferred tax

Total tax expenses

VII. Profit/ (Loss) after tax (V - VI)

VIII. Other comprehensive income, Net of tax

IX. Total comprehensive income (VII + VIII)

X. Paid-uo eauity share capital XI. Other Equity XII. Earnings per share (EPS) (Face value of Rs10/- each)

a) Basic

b) Diluted

�ment wise S d I tan a one

Segment Revenue

f inancial results for the quarter ended

Particulars

a) Information Technology/ Software Services b) Software License

Net Sales/ Income from Operations Segment Results Profit (+)/Loss(-) before tax, Deprn. & Interest from

a) Information Technology I Software Services b) Software Licenses Resale

Total Less: Interest (not allocable) Less: Depreciation (not allocable)

Total ProfiU(Loss) Before Tax

Quarter ended 30.06.2018

Un-Audited

98.09

0.02

98.11

35.92

38.32

0.81

0.93

8.66

84.64

13.47

1.00

0.00

1.00

12.47

0.39

12.86

187.82

0.66

(Not annualized)

0.66

(Not annualized)

30th June 2018

Quarter ended 30.06.2018 Un-Audited

58.14 39.95

98.09

13.82 1.39

15.21 0.81 0.93

13.47

(All Amounts in Indian Rupees MIiiions)

Quarter ended Quarter ended Year ended 31.03.2018 30.06.2017 31.03.2018

Audited Un-Audited Audited

73.82 49.62 250.86

0.47 0.02 2.75

74.29 49.64 253.61

20.37 9.76 48.02

47.04 38.08 160.95

1.12 0.57 3.16

1.07 0.93 3.77

1.50 7.76 21.13

71.10 57.10 237.03

3.19 (7.46) 16.58

3.67 0.00 3.67

(14.55) 3.21 (11.34)

(10.88) 3.21 (7.67)

14.07 (10.67) 24.25

0.66 0.32 1.56

14.73 (10.35) 25.81

187.82 187.82 187.82

78.74

0.75 (0.55) 1.29

(Not annualized) (Not annualized) (Annualized)

0.75 (0.55) 1.29

(Not annualized) (Not annualized) (Annualized)

(All Amounls In Indian Rupees Millions)

Quarter ended Quarter ended Year ended 31.03.2018 30.06.2017 31.03.2018

Audited Un-Audited Audited

49.36 37.78 191.93 24.46 11.84 58.93

73.82 49.62 250.86

5.26 (6.02) 22.95 0.12 0.06 0.56

5.38 (5.96) 23.51 1.12 0.57 3.16 1.07 0.93 3.77 3.19 (7.46) 16.58

\�

1-'E(lPLF- PH0CE-S0 TE:CHNOLOGY

Notes

9-1-83 & 84,

Amarchand Sharma Complex,

S.D. Road, Secunderabad • 500 003,

TPlaneana, INDIA.

Tele : +91-40-40313285/86/87 /88

Fax : +91-40-3912 0023

URL : www.goldstonetech.com

CIN : L72200TG1994PLC017211

E-mail Id : corporate@goldstonetech.com

1 The financial results of the Company have been prepared in accordance with the Indian Accounting Standards ("Ind AS") as prescribed

under section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standard) Rules, 2015, as amended. 2 The unaudited results were reviwed by the Audit Committee of the Board and approved by the Board of Directors of the Company at their

meeting held on August 13th, 2018.

3 Ind AS 115, Revenue from Contracts with Customers, mandatory for reporting periods beginning on or after 1st April 2018, replaces existing

revenue recognition requirements. Under the modified retrospective approach, there were no significant adjustments required to the retained

earnings as at 1st April 2018. Also, the application of Ind AS 115 did not have any significant impact on recognition and measurement of

revenue and related items in the financial results of the Company.

4 The results for the quarter ended 30 June 2018 presented were subjected to a "Limited review" by the Statutory Auditors of the

Company. An unqualified report was issued by them thereon.

5 Segment Capital Employed: Segregation of assets, liabilities, depreciation and other non-cash expenses into various primary segments has

not been done, as the assets are used interchangeably between segments. Accordingly no disclosure relating to segmental assets and

liabilities has been made.

6 Previous period figures have been regrouped/reclassified wherever necessary to confirm with the current periods classification/disclosure.

Place : Secunderabad Date : 13th Aug 2018

By order of the Board For GOLDSTONE TECHNOLOGIES LIMITED

f' L U f'U: t'HOL.lSS I l-CHNOI OGY

GOLDSTO N E TECH NOLOGIES L I M ITED

9- 1-83 & 84,

Amarchand Sharma Complex,

S .D . Road, Secunderabad • 500 003,

Te langa na, I N DIA.

Te le : +91-40-40313285/86/87 /88

Fax : +91-40-3912 0023

U RL : www.goldstonetech.com

CIN : L72200TG1994PLC017211

E-ma i l I d : corporate@goldstonetech .com

G I N : L72200TG 1 994PLC 0 1 7 2 1 1 E m a il Id : corporate@goldstonetec h .com 9-1 -83 & 84 , AC S h a rm a C omplex, S D Road Sec u n d e ra bad, Ph . N o 040 - 27807640, Fax +91 -040-39 1 2 0023

UNAUDITED CONSOLI DATED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH JUNE, 2018 (Al l Amounts in l nd i �n Rupees Mi l l ions)

Quarter ended Quarter ended Quarter ended Year ended Particulars 30.06.2 0 1 8 3 1 .03 .20 1 8 30.06.20 1 7 3 1 . 03 . 2018

U n -Audited Aud ited U n -Aud ited Aud ited PART-I I . Revenue from o perat ions 1 07,55 95 .44 8 1 .75 356. 1 4 I I . Other i ncome 0. 02 0 .47 0 .02 2 .75 1 1 1 . Tota l revenue ( I + I I ) 1 07.57 9 5 . 9 1 81 .77 358 .89 IV. Expenses :

(a) . Cost of software l ice nses 35 .92 2 0 . 37 9 .76 48 .02 (b) . E mployee benefits expenses 6 1 .82 7 1 . 1 0 7 1 .32 273 .86 (c) . F i na nce cost 0 .83 1 . 1 2 0 .57 3 .20 (d). Depreciation and a mortiza t ion expenses 0 .93 1 . 0 9 0 . 9 3 3 .79 (e). Olher expenses 9 .86 3 . 2 1 9 .70 28 .28

Tota l expenses 1 09.36 96.89 92.28 357 . 1 5

V. P rofit before lax ( IV -V) ( 1 .79) (0.98) ( 1 0.51 ) 1 . 74 VI . Tax expense

( 1 ) . C u rrenl tax 1 . 00 3 .87 0 .00 (2 . 1 3) (2) . Deferred tax 0.00 ( 1 4 .55) 3 .21 (1 1 .34)

Tota l Tax expenses 1 .00 ( 1 0 .68) 3.21 ( 1 3 .47)

VI I . Profit I (Loss) after ta x (V - V I ) (2 .79) 9 .70 ( 1 3 .72' 1 5 . 2 1

V I I I . Other comprehen sive i ncome, Net o f tax 8 .63 3 .60 (0. 27) 2 . 1 2 I X . Total comprehensive i ncome (VI I + V I I I ) 5 .84 1 3 .30 ( 1 3. 99) 1 7 . 33

X . Pa id- u p equ ity share ca p ital 1 87.82 1 87 .82 1 87 . 82 1 87,82

X I . Other equity 243 .77 X I I . Earni ngs pe r share ( E PS) ( Face va lue of Rs 1 0/- each) a) Basic (0 1 5) 0 . 52 (0.74) 0 . 8 1

( Not annual ized) (Not annua lized) (Not annual ized) (Annua lized) b) D i l uted (0 . 1 5 ) 0 .52 (0. 74) 0 . 8 1

(Not annual ized) (Not annua lized) (Nol annual ized) (Annual ized)

Segment wise c o n sol idated f inanc ia l res ults fo r the q u a rter e nded 30th June 20 1 8 {All Amounts i n Indian Rupees Mi l l ions)

Particu lars Quarter ended Quarter e n ded Quarte r ended Year ended

30 .06 . 2 0 1 8 3 1 .03 .2 0 1 8 3 0 . 0 6 . 2 0 1 7 3 1 .03 .20 1 8 U n -Aud i ted A u d ited U n -A u d ited Aud ited

1 . Segment Reve nue a) USA - I nformat ion Tech no logy Serv ice / Software Services 49 .88 34 . 1 8 4 3 . 39 1 55 .06 b) Ind ia - I nform at ion Techn ology Service I Software Services 3 1 . 0 1 36.70 26.50 1 4 1 . 4 0 c ) Software L icenses R esa le 4 2 . 1 5 27 .83 1 2 . 43 63 .72 Less : I n ter Company Sa l e s ( 1 5 .49) (3 . 27) (0. 57) (4 . 04) Net Sa les I Income from Operati o n s 1 07 .55 95.44 8 1 .75 356 . 1 4

2 . S e g m e n t Resu lts P rofit (+)/Loss(-) before tax , D e prn. & I nterest from a) USA - I nfo rmat ion Technology Service / Software Service s ( 1 0 .04) (4 . 0 1 ) ( 3 04 ) ( 1 4 .82) b) India - I nformation Tech nology S ervice I Softwa re Services 8.62 5 . 09 (6.03) 22.96 c) Softwa re Lice n ses 1 . 39 0 . 1 5 0 .06 0 .59 Tota l (0 .0 3 ) 1 .23 (9.0 1 ) 8 . 73 Less: I nterest (not a l loca l)le) 0 . 83 1 . 1 2 0 .57 3 .20 Less : Depreciation (not a l locable) 0 . 9 3 1 . 09 0 .93 3 .79 Tota l Profitl(Loss) Be fore Tax ( 1 .79) ( 0 .98) ( 1 0 . 5 1 ) 1 . 74

rLOPLL PRUCl'.SS fE-CHNOLOC,Y

Notes :

9-1-83 & 84,

Amarchand Sharma Complex, S.D. Road, Secunderabad - 500 003, Telangana, INDIA. Tele : +91-40-40313285/86/87 /88 Fax : +91-40-3912 0023

URL : www.goldstonetech.com

CIN : L72200TG1994PLC017211

E-mail Id : corporate@goldstonetech.com

1 The financial results of the Company have been prepared in accordance with the Indian Accounting Standards ("Ind AS") as prescribed

under section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standard) Rules, 2015, as amended.

2 The unaudited results were reviwed by the Audit Committee of the Board and approved by the Board of Directors of the Company at their

meeting held on August 13, 2018.

3 Ind AS 115, Revenue from Contracts with Customers, mandatory for reporting periods beginning on or after 1st April 2018, replaces existing

revenue recognition requirements. Under the modified retrospective approach, there were no significant adjustments required to the

retained earnings as at 1st April 2018. Also, the application of Ind AS 1 1 5 did not have any significant impact on recognition and

measurement of revenue and related items in the financial results of the Company.

4 The results for the quarter ended 30 June 2018 presented were subjected to a "Limited review" by the Statutory Auditors of the Company. An unqualified report was issued by them thereon.

5 Segment Capital Employed: Segregation of assets, liabilities, depreciation and other non-cash expenses into various primary segments has

not been done, as the assets are used interchangeably between segments. Accordingly no disclosure relating to segmental assets and

liabilities has been made.

6 Previous period figures have been regrouped/reclassified wherever necessary to confirm with the current periods classification/disclosure.

Place : Secunderabad

Date : 13th Aug 2018

To

P C N & AS S O C I A TES CHARTERED ACCOU NTANTS P lot No. 1 2 , "N He ig hts" G round Floo r, Software Layout U n it Cyberabad , Hyde rabad - 500 08 1 .

Tel .

E-mai l

: (9 1 -40) 23 1 1 9499 : pcnassociates @ yahoo.com

LIMITED REVIEW REPORT-STANDALONE FINANCIAL RESULTS The Boa r<l of Directors Goldstone Technologies Limited Hyderabad Lim i ted Review Report for the quar ter ended 30 1h Tune, 2018 l . We have rev iev,1ed the accompanying s tatement of u n a u d i ted Standalo ne financial res u l ts of M/s . Goldstone Technologies Limited for the q uarter ended 30 th June, 201 8, bci11g subm i tted by the Company pursuant to the requiremen ts of Regu lation 33 of lhe SEBI (Lis tiJ1g Obl i gations and Disclosu re requirements) Regu la t ions, 201 5 . 2 . This s ta tement is the responsibility of the Company's Management and has been approved by the Board of Directors/ commi ttee of Board of Directors in their mee ting held on 13 th August, 2018 . Our responsibility is to issue a report on these fina ncial s tatements based on ou r rev iev.1 • 3. We conducted our revie'"' in accordance with the Standard on Rev iew Engagement (SRE) 2410, Revfrw of in terim fiumzcial informa tion performed by the independel l t auditor of !lie en tity issued by the Ins ti tu te of Chartered Accountan ts of India . This standard requ i res tha t vve plan and perform the review to obtain moderate assurance as to whether the fi nancial sta tements are free of material m iss tatement . A review is limited primarily to inqu iries o f company personnel and analytical procedures applied to financia l data and thus provide less assurance than an audit. We have not performed an audi t and accord ingly, we do not express an audit opin ion .

1J . Based on o u r review conducted as obove, nothi J 1g has come to ou r a t ten tion tha t ca uses us to believe lha l the accol ! l _ JJ cL J 1y i l lg s la le tne1 1 l of unaud i led S tandalone financial resu l ls prepared in accordance wi th applicable Ind AS and o ther recognized accou n t ing practices and policies has not d isclosed the information req uired to be d isc l osed in terms of Regu l a tion 33 of the SEBI (Lis t ing obl iga t i ons and Disclosure req u i rements) Reg u ln lions, 201 5 and SEl31 circ u lar d a ted 05 th J u ly 201 6 i nc l u d i n g th man n r in which it is to be d isclosed, or tha t it con ta i ns any material m issta tement . For P C N & Associa tes

-----Chartered Acco°"lmt, :i- ·• t-SS�. PRN : 0 1 6iS �<& ::::._1..41}.._,.

Hyderabad c/) ,

g (.) \"0 \\

\) \�- FRN 0 160155 f Ch n d ra - a 1 1�-,;;; ,/. <> ,'o / , Par t 1 - r r1o>r�o ,<::-// M.No . 22784 9 ��:;;,,-

Pinc : Hyd rabad Da te : J 3 1 1 1 A ugus t 20 1 8

To

P C N & ASSOC IATES

CHARTERED ACCOUNTANTS Plot No. 1 2 , "N Heights" Ground Floor, Software Layout Un it Cyberabad, Hyderabad - 500 081 .

Tel .

E-mail (9 1 -40) 231 1 9499 pcnassociates@ yahoo.com

LI M ITED lrEV IEW l{EPQ]{T-CONSOLIDATED FINANCIJ\L RESULTS

The Board of Directors,

M/s. Goldstone Technologies Limited

Hyderabad

Limited Review Report for the quarter ended 30th June, 2018

1. We have reviewed the accompanying statement of unaudited Consolidated financial results

("the Statement") of M/s. Goldstone Technologies Limited Group comprising

M/s. Goldstone Technologies l imited ("the Company") and its subsidiaries (together

referred to as 'the. group'), for the quarter ended 30th June, 2018, being submitted by the

Company pursuant to the requirements of Regulation 3 3 of the SEBI (Listing Obligations

and Disclosure requirements) Regulations, 2015, read with SEBI Circular No.

C IR/CFD/FAC/62/2016 dated July 5111 2016 .

2. The preparation of the statement i n accordance with the recognition and measureme!1t

principles laid down i n I ndian Accounting Standard 34, I nterim Financial Reporting (Ind AS

34-) prescribed under Section 133 of the Companies Act, 2013 read with Rule 3 of

Companies ( Indian Accounting Standards) Rules, 2015 read with SEBI Circular No.

CI R/CFD/FAC/62/2016 dated July 5111 2016 is the responsibi l i ty of the Company's

Management and has been approved by the Board of D irectors in their meeting held on 1 3u,

August 2018. Our responsibility is to issue a report on the statement based on our review.

3 . We conducted our review in accordance with the Standard on Review Engagement (SRE)

2410, Review of inlerim financial informaUon pe1formed by Lhe i11depe11clenl auclilor of the

entily issued by the I nstitute of Chartered Accountants of I ndia. This standard requires that

we plan and perform the review to obtain moderate assurance as to vvhcther the financial

statements are free or material misstatement. A review is li mited primcirily to inquiries of

P C N & ASSOC IA TES

CHARTERED ACCOUNTANTS Plot No. 1 2 , "N Heights" Ground Floor, Software Layout Uni t Cyberabad, Hyderabad - 500 081 .

Tel . E-mail

: (91 -40) 231 1 9499 · pcnassociates @ yahoo.com

less assurance than an audit. We have not performed an audit and accordingly, we do not

express an audit opinion.

4. Based on our review conducted as above, nothing has come to our attention that causes us

lo believe that the accompanying statement of unaudited Consolidated financial results

prepared i n accordance with applicable accounting standards and other recognized

accounting practices and policies has not disclosed the information required to be disclosed

in terms of Regulation 33 of the SEBl ( Listing obligations and D isclosure requirements)

Regulations, 2 0 1 5 and SEBI circular dated osu, July 2016 including the manner in which it is

to be disclosed, or that it contains any material misstatement.

For P C N & Associates.,

Chartered Accountants.,

FRN : 0160 1 6S

Partner

M.No. 227849

Place: Hyderabad

Date: 13 th August 2 0 1 8