MPSLTD

Date: July 28, 2022 The Manager – Listing Department The Manager – Listing Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor, Plot No. C/1, G Phiroze Jeejeebhoy Towers, Dalal Street, Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400 001 Mumbai - 400 051 NSE Symbol: MPSLTD BSE Scrip Code: 532440 Sub.: Outcome of the Board Meeting held on Thursday, July 28, 2022 Dear Sir/ Madam, Pursuant to the Regulation 30 of the SEBI (Listing Regulations and Disclosure Requirements) Regulations, 2015), we hereby inform you that the Board of Directors of the Company, at its meeting held on Thursday, July 28, 2022, have inter-alia, considered and approved the following: 1. The Un-Audited Financial Results (Standalone and Consolidated) of the Company for the quarter ended June 30, 2022. The said Financial Results along with Limited Review Reports of the Statutory Auditors thereon and Investors’ release on these Financials are enclosed herewith as Annexure - A. 2. The resignation of Mr. Utkarsh Gupta from the position of Compliance Officer of the Company, with effect from the close of the business hours on July 28, 2022. 3. The appointment of Mr. Sunit Malhotra, CFO & Company Secretary of the Company, as the Compliance Officer with effect from July 29, 2022. Mr. Sunit Malhotra is having more than 4 decades of experience in the matters of corporate finance, accounts, secretarial, legal, merger & acquisition, corporate compliances and taxation. He qualified as a Chartered Accountant in the year 1984 and Company Secretary in the year 1990. He has worked with reputed corporates. The meeting commenced at 09:00 a.m. and concluded at 11:20 a.m. Thanking You, Yours Sincerely, For MPS Limited Sunit Malhotra CFO & Company Secretary Encl.: as above www.mpslimited.com Registered Office: RR Towers IV, Super A, 16/17, Thiru-Vi-Ka Industrial Estate, Guindy, Chennai-600032 (INDIA), Tel: +91 44 49162222 Email: info@mpslimited.com Corporate Identification Number: L22122TN1970PLC005795 Walker Chandiok &..Co LLP Walker Chandiok & Co LLP L 41, C-Onnaught Cfrcus, Ouler Circle, NewDelhi-110 001 India T +91 11 45002219 F +9111 42787071 Independent Auditor's Review Report on Standalone Unaudited Quarterly Financial Results of the Company pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) To the Board of Directors of MPS Limited 1. We have reviewed the accompanying statement of standalone unaudited financial results ('the Statement') of MPS Limited ('the Company') for the quarter ended 30 June 2022, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), including relevant circulars issued by the SEBI from time to time. 2. The Statement, which is the responsibility of the Company's management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, Interim Financial Reporting ('Ind AS 34'), prescribed under section 133 of the Companies Act, 2013 ('the Act'), and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended}, including relevant circulars issued by the SEBI from time to time. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the 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. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the Standards on Auditing specified under section 143(10) of the Act, 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. Accordingly, we do not express an audit opinion. a..-~ Olllcff in llongllwu. Chincigath. a-n.I. Gowgram. ~ K.adli. Kolkm. Mumbai. Now Dolli. Noidl ;and "'- Walker Chandiok LLP ~Co Independent Auditor's Review Report on Standalone Unaudited Quarterly Financial Results of the Company pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) (cont'd) 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in Ind AS 34, prescribed under section 133 of the Act, and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), including the manner in which it is to be disclosed, or that it contains any material misstatement. For Walker Chandiok & Co LLP Chartered Accountants Firm Registration No: 001076N/N500013 Roh it Digitally signed by Rohit Arora Arora Date: 2022.07.28 09:55:21 +05'30' Rohit Arora Partner Membership No. 504774 UDIN: 22504774ANTEFJ1887 Place: New Delhi Date: 28 July 2022 c- - Olllcff in 8tngllwu. a-cigwh. Cl>o<lnll Gunqwn. ~ KoeN. IColbla. ............. Dtlhi. No;dl Ind l'l.w MPS Limited Registered Office: 4th Floor, R.R Towers IV, Super A, 16/17, T.V.K. Industrial Estate, Guindy, Chennai 600 032 Tel: +91 44 49162222, Fax: +91 44 49162225, Email: investors@mpslimited.com, Website: www.mpslimited.com CIN: L22122TN1970PLC005795 STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER ENDED 30 JUNE 2022 (INR in lacs, except per equity share data) S.No. Particulars Three months Preceding three Corresponding Previous year ended months ended three months ended (Refer note 2) ended 30-Jun-2022 31-Mar-2022 30-Jun-2021 31-Mar-2022 (Un-Audited) (Audited) (Un-Audited) (Audited) I Revenue from operations 6,891 6,505 7,410 28,402 II Other income 241 332 262 1,119 III Total income (I+II) 7,132 6,837 7,672 29,521 IV Expenses Employee benefits expense 3,050 2,839 3,092 11,974 Finance costs 25 43 28 117 Depreciation and amortization expense 292 325 348 1,336 Other expenses 1,585 1,076 1,777 6,255 Total expenses 4,952 4,283 5,245 19,682 V Profit before tax (III-IV) 2,180 2,554 2,427 9,839 VI Tax expense Current tax 631 735 668 2,686 Adjustment of tax relating to earlier years - 50 - 68 Deferred tax charge (46) (86) - (61) Total tax expense 585 699 668 2,693 VII Profit for the period/year (V-VI) 1,595 1,855 1,759 7,146 VIII Other comprehensive income Items that will not be reclassified to profit or loss Remeasurement of the net defined benefit liability/asset (42) 7 (44) 1 Income tax relating to items that will not be reclassified to profit or loss 11 (2) 11 (1) Items that will be reclassified subsequently to profit or loss Exchange differences on translation of foreign operations 169 100 45 140 Total other comprehensive income for the period/year 138 105 12 140 Total comprehensive income for the IX period/year (VII+VIII) 1,733 1,960 1,771 7,286 Paid-up equity share capital 1,711 1,711 1,805 1,711 X (Face value - INR 10 per equity share) Other equity 30,889 Earnings per equity share (not annualised for quarters) XI (nominal value of share INR 10) Basic and diluted 9.32 10.57 9.74 39.87 NOTES: 1 These results have been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standards (‘Ind AS’) notified under section 133 of Companies Act, 2013. These results have been reviewed by the Audit Committee and upon their recommendation, approved by the Board of Directors at their meeting held on 28 July 2022. The Statutory auditors of the Company have carried out limited review of the financial results for the quarter ended 30 June 2022 and an unmodified review report has been issued. The same are available with Stock Exchanges and on the Company’s website at www.mpslimited.com. 2 The figures for the three months ended 31 March 2022 are the balancing figures between audited figures in respect of the full financial year and the published year to date figures up to third quarter of previous year, which were subject to limited review. Page 1-2 3 Segment Reporting (a) Based on the “management approach” as defined in Ind AS 108 Operating Segments, the Chief Operating Decision Maker (‘CODM’) evaluates the Company’s performance and allocates resources based on an analysis of various performance indicators by business segments. The accounting principles used in the preparation of the financial statements are consistently applied to record revenue and expenditure in individual segments. (INR in lacs) S.No. Particulars Three months Preceding three Corresponding Previous year ended months ended three months ended (Refer note 2) ended 30-Jun-2022 31-Mar-2022 30-Jun-2021 31-Mar-2022 (Un-Audited) (Audited) (Un-Audited) (Audited) I Segment revenue Content solutions 4,502 4,382 4,353 17,575 Platform solutions 2,389 2,123 3,057 10,827 Total revenue from operations 6,891 6,505 7,410 28,402 II Segment results (profit before tax and interest from each segment) Content solutions 1,920 1,651 1,774 7,103 Platform solutions 952 1,286 1,035 4,086 Total 2,872 2,937 2,809 11,189 Less: Finance cost 25 43 28 117 Less: Un-allocable expenditure (net of un-allocable income) 667 340 354 1,233 Profit before tax 2,180 2,554 2,427 9,839 (b) Assets and liabilities used in the Company’s business are not identified to any of the reportable segments, as these are used interchangeably between segments and the management believes that it is not practicable to provide segment disclosures relating to total assets and liabilities. 4 The Code on Social Security, 2020 (the Code) relating to employee benefits during employment and post-employment benefits has been enacted, which would impact the contributions by the Company towards Provident Fund and Gratuity. The effective date from which the changes are applicable is yet to be notified and rules are yet to be framed. The Company will assess the impact and will give appropriated impact in its financial results in the period in which, the Code becomes effective and the related rules are published. 5 The Board of Directors, in their meeting held on 27 May 2022 recommended a final dividend of INR 30 (face value of INR 10 per share ) per equity share for the Financial Year 2021-22. This was approved by the shareholders in the Annual General Meeting held on June 27, 2022 and has been paid thereafter. By Order of the Board of Directors Rahul Arora Place: Noida Date: 28 July 2022 Chairman and Managing Director Page 2-2 Walker Chandiok &..Co LLP Walker Chandiok & Co LLP l 41, Connaught Circus, Outer Circle, New Delhi-110 001 India T +91 11 45002219 F +9111 42787071 Independent Auditor's Review Report on Consolidated Unaudited Quarterly Financial Results of the Company pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) To the Board of Directors of MPS Limited 1. We have reviewed the accompanying statement of unaudited consolidated financial results ('the Statement') of MPS Limited ('the Holding Company') and its subsidiaries (the Holding Company and its subsidiaries together referred to as 'the Group'), (refer Annexure 1 for the list of subsidiaries included in the Statement) for the quarter ended 30 June 2022, being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), including relevant circulars issued by the SEBI from time to time. 2. This Statement, which is the responsibility of the Holding Company's management and approved by the Holding Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, Interim Financial Reporting ('Ind AS 34'), prescribed under section 133 of the Companies Act, 2013 ('the Act'), and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), including relevant circulars issued by the SEBI from time to time. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the 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. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the Standards on Auditing specified under section 143(10) of the Act, 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. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the SEBI Circular CIR/CFD/CMD1/44/2019 dated 29 March 2019 issued by the SEBI under Regulation 33(8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), to the extent applicable. ~- Kolbla.-. - ~in e.ng.luru. Chonciph. Chonnli. Gunqw:n. HydoDbod. Kochi. Dtlhi. - ...., ~ Walker Chandiok &_Co LLP Independent Auditor's Review Report on Consolidated Unaudited Quarterly Financial Results of the Company pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) (cont'd) 4. Based on our review conducted and procedures performed as stated in paragraph 3 above and upon consideration of the review report of the other auditor referred to in paragraph 5 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in Ind AS 34, prescribed under section 133 of the Act, and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), including the manner in which it is to be disclosed, or that it contains any material misstatement. 5. We did not review the interim financial results of one subsidiary included in the Statement, whose financial information reflects total revenues of~ 396.46 lakhs, total net profit after tax of~ 77.53 lakhs, total comprehensive income of~ 71.02 lakhs, for the quarter ended on 30 June 2022, as considered in the Statement. These interim financial results have been reviewed by other auditor whose review report have been furnished to us by the management, and our conclusion in so far as it relates to the amounts and disclosures included in respect of this subsidiary is based solely on the review report of such other auditor and the procedures performed by us as stated in paragraph 3 above. Our conclusion is not modified in respect of this matter with respect to our reliance on the work done by and the report of the other auditor. For Walker Chandiok & Co LLP Chartered Accountants Firm Registration No: 001076N/N500013 Roh it Digitally signed by RohitArora Arora Date: 2022.07.28 09:56:29 +05'30' Rohit Arora Partner Membership No. 504774 UDIN: 22504774ANTEIV4286 Place: New Delhi Date: 28 July 2022 c-- Olliuo in lloftglluN. Cll.1onciph. Chtnnll. Gunqam, Hydonob>od. Koclli, Kolbta. Mumbai. - Oolhi. Nc;m ..... ~ Walker Chandiok &_Co LLP Independent Auditor's Review Report on Consolidated Unaudited Quarterly Financial Results of the Company pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) (cont'd) Annexure 1 List of entity included in the Statement Entity Name Relationship MPS Interactive Systems Limited Subsidiary MPS North America LLC Subsidiary MPS EUROPA AG Subsidiary Highwire Press Limited Subsidiary Semantico Limited Subsidiary TOPSIM GmbH Subsidiary E.I. Desiqn Private Limited Subsidiary ~- Olllc<K in~ CNnclgatl\. ChoMli. Gwlq1llll, HydtrJbld. Kochi. ~Mumbai. - Dtlli. Neida ....s ~ MPS Limited Registered Office: 4th Floor, R.R Towers IV, Super A, 16/17, T.V.K. Industrial Estate, Guindy, Chennai 600 032 Tel: +91 44 49162222, Fax: +91 44 49162225, Email: investors@mpslimited.com, Website: www.mpslimited.com CIN: L22122TN1970PLC005795 STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED 30 JUNE 2022 (INR in lacs, except per equity share data) S.No. Particulars Three months Preceding three Corresponding Previous year ended months ended three months ended (Refer note 2) ended 30-Jun-2022 31-Mar-2022 30-Jun-2021 31-Mar-2022 (Un-Audited) (Audited) (Un-Audited) (Audited) I Revenue from operations 11,485 10,941 11,715 44,888 II Other income 330 414 325 1,409 III Total income (I+II) 11,815 11,355 12,040 46,297 IV Expenses Employee benefits expense 5,294 4,736 5,287 20,174 Finance costs 27 45 41 154 Depreciation and amortization expense 453 477 546 2,060 Other expenses 3,233 3,056 3,284 12,113 Total expenses 9,007 8,314 9,158 34,501 V Profit before tax (III-IV) 2,808 3,041 2,882 11,796 VI Tax expense Current tax 809 765 723 2,851 Adjustment of tax relating to earlier years (1) 51 - 48 Deferred tax charge (64) 19 18 185 Total tax expense 744 835 741 3,084 VII Profit for the period/year (V-VI) 2,064 2,206 2,141 8,712 VIII Other comprehensive income Items that will not be reclassified to profit or loss Remeasurement of the net defined benefit liability/asset (30) 34 (36) 33 Income tax relating to items that will not be reclassified to profit or loss 8 (9) 9 (8) Items that will be reclassified subsequently to profit or loss Exchange differences on translation of foreign operations 431 206 228 396 Total other comprehensive income for the period/year 409 231 201 421 Total comprehensive income for the IX period/year (VII+VIII) 2,473 2,437 2,342 9,133 Paid-up equity share capital 1,711 1,711 1,805 1,711 X (Face value - INR 10 per equity share) Other equity 34,977 Earnings per equity share (not annualised for quarters) XI (nominal value of share INR 10) Basic and diluted 12.07 12.59 11.86 48.61 NOTES: 1 These results have been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standards (‘Ind AS’) notified under section 133 of Companies Act, 2013. These results have been reviewed by the Audit Committee and upon their recommendation, approved by the Board of Directors at their meeting held on 28 July 2022. The Statutory auditors of MPS Limited (“the Company”) have carried out limited review of the financial results for the quarter ended 30 June 2022 and an unmodified review report has been issued. The same are available with Stock Exchanges and on the Company’s website at www.mpslimited.com. 2 The figures for the three months ended 31 March 2022 are the balancing figures between audited figures in respect of the full financial year and the published year to date figures up to third quarter of previous year, which were subject to limited review. Page 1-2 3 Segment Reporting (a) Based on the “management approach” as defined in Ind AS 108 Operating Segments, the Chief Operating Decision Maker (‘CODM’) evaluates the Group’s performance and allocates resources based on an analysis of various performance indicators by business segments. The accounting principles used in the preparation of the financial statements are consistently applied to record revenue and expenditure in individual segments. (INR in lacs) S.No. Particulars Three months Preceding three Corresponding Previous year ended months ended three months ended (Refer note 2) ended 30-Jun-2022 31-Mar-2022 30-Jun-2021 31-Mar-2022 (Un-Audited) (Audited) (Un-Audited) (Audited) I Segment revenue Content solutions 6,323 6,009 6,137 24,220 eLearning solutions 2,466 2,064 2,213 8,334 Platform solutions 2,696 2,868 3,365 12,334 Total revenue from operations 11,485 10,941 11,715 44,888 II Segment results (profit before tax and interest from each segment) Content solutions 2,109 1,860 1,845 7,665 eLearning solutions 443 455 215 1,143 Platform solutions 861 1,032 1,168 4,064 Total 3,413 3,347 3,228 12,872 Less: Finance costs 27 45 41 154 Less: Un-allocable expenditure (net of un-allocable income) 578 261 305 922 Profit before tax 2,808 3,041 2,882 11,796 (b) Assets and liabilities used in the Group’s business are not identified to any of the reportable segments, as these are used interchangeably between segments and the management believes that it is not practicable to provide segment disclosures relating to total assets and liabilities. 4 On 30 May, 2022 the Company has completed the acquisition of E.I. Design Private Limited for a total purchase consideration of INR 42 crores through MPS Interactive Systems Limited, a wholly owned subsidiary of the Company. This being a Business Combination, thus based on the preliminary purchase price allocation to the various identifiable acquired assets and assumed liabilities, provisional goodwill of INR 22 crores has been recognized subject to working capital adjustment. The Company has granted loan of INR 15 crores to MPS Interactive Systems Limited to fund the acquisition cost. 5 The Code on Social Security, 2020 (the Code) relating to employee benefits during employment and post-employment benefits has been enacted, which would impact the contributions by the Company towards Provident Fund and Gratuity. The effective date from which the changes are applicable is yet to be notified and rules are yet to be framed. The Company and its Indian subsidiary will assess the impact and will give appropriated impact in its financial results in the period in which, the Code becomes effective and the related rules are published. 6 The Board of Directors, in their meeting held on 27 May 2022 recommended a final dividend of INR 30 (face value of INR 10 per share ) per equity share for the Financial Year 2021-22. This was approved by the shareholders in the Annual General Meeting held on June 27, 2022 and has been paid thereafter. 7 The standalone results of the Company are also available on the Company’s website www.mpslimited.com. The key standalone financial information of the Company is given below: (INR in lacs) Particulars Three months Preceding three Corresponding Previous year ended months ended three months ended (Refer note 2) ended 30-Jun-2022 31-Mar-2022 30-Jun-2021 31-Mar-2022 (Un-Audited) (Audited) (Un-Audited) (Audited) Revenue from operations 6,891 6,505 7,410 28,402 Profit before tax 2,180 2,554 2,427 9,839 Tax expense 585 699 668 2,693 Profit for the period/year 1,595 1,855 1,759 7,146 Other comprehensive income, net of income tax 138 105 12 140 Total comprehensive income for the period/year 1,733 1,960 1,771 7,286 By Order of the Board of Directors Rahul Arora Place: Noida Date: 28 July 2022 Chairman and Managing Director Page 2-2 Disclaimer This presentation contains forward-looking statements, inter-alia, to enable investors to comprehend Company’s prospects and take informed investment decisions. This report and other statements – written and oral – that we periodically make, contain forward-looking statements that set out anticipated results based on the management’s plans and assumptions. We have tried wherever possible to identify such statements by using words as ‘anticipate’, ‘estimate’, ‘expects’, ‘projects’, ‘intends’, ‘plans’, ‘believes’, and words of similar substance in connection with any discussion of future performance. We cannot guarantee that these forward-looking statements will be realized, although we believe we have been prudent in assumptions. The achievement of results is, inter-alia, subject to assumptions, risks, uncertainties, including but not limited to our ability to successfully conclude and integrate (potential) acquisition(s) and general regulatory and economic conditions affecting the industry. Should known or unknown risks or uncertainties materialize or should underlying assumptions prove inaccurate, actual results could vary materially from those anticipated, estimated, expected or projected. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Further this presentation may also contain references to findings of various reports available in public domain. We make no representations as to their accuracy or that we necessarily subscribe to those findings. Figures for previous periods / year have been regrouped, wherever necessary. 2 Q1 FY 23 – Financial Performance Q-O-Q Consolidated Metrics FY'23 Q1 FY'22 Q1 FX Gain/Loss adjusted revenue 11,404 11,791 (INR Lakh) Revenue Reported Revenue (INR Lakh) 11,485 11,715 EBITDA (INR Lakh) 2,958 3,144 Profit PBT (INR Lakh) 2,808 2,882 PAT (INR Lakh) 2,064 2,141 EBITDA (%) 25.8% 26.8% Margin PBT (%) 24.4% 24.6% PAT (%) 18.0% 18.3% At the end of each reporting Headcount 2,812 2,662 period in Nos. EPS Basic and Diluted EPS (INR) 12.07 11.86 Total Cash and Cash equivalents (including investment in Mutual funds) as on 30-Jun-2022 are INR 125 Crores and INR 182 Crores as on 31-Mar-2022. The company has zero debt. 3 Q1 FY23 – Continued Drive to Diversify Consolidated Metrics FY23 Q1 FY22 Q1 FY22 Q4 USD 83% 79% 76% GBP 7% 9% 13% Currency EURO 5% 5% 4% Contribution (%) CHF 2% 4% 3% INR 1% 1% 1% Others 2% 2% 3% North America 57% 68% 56% Geographic UK/Europe 36% 28% 38% Concentration Rest of the World 7% 4% 6% Debtors DSO 59 59 72 Client Billed 492 467 454 Client Top 5 contribution 36% 34% 36% Concentration Top 10 contribution 49% 47% 50% Top 15 contribution 58% 55% 57% Multiple entities of the same customer group have been considered as one client. Previous period numbers have been realigned to match the current period presentation. 4 Business Segments – Q-O-Q Overview FY23 Q1 FY22 Q1 Metrics Content Platform Content Platform eLearning eLearning Solutions Solutions Solutions Solutions FX Gain/Loss adjusted 6,183 2,699 2,522 6,204 3,363 2,224 revenue (INR Lakh) Revenue Reported Revenue (INR Lakh) 6,323 2,696 2,466 6,137 3,365 2,213 Profit Segment Result (INR Lakh) 2,109 861 443 1,845 1,168 215 Margin Segment Result (%) 33.4% 31.9% 18.0% 30.1% 34.7% 9.7% At the end of each reporting Headcount 2,177 215 420 2,186 247 229 period in Nos. • The Un-allocable expenditure & Finance cost( Net of Un-allocable income ) of INR 605 Lakh in FY23 Q1 (FY 22 Q1 INR 346 Lakh) is not identifiable to any of the reportable segments. During current quarter, eLearning headcounts have increased by 177 due to EI Design acquisition. 5 Corporate Social Responsibility Update Total CSR Spending is INR 39.50 Lakh for Q1 FY 23.  Girl’s Education Project: We partner with an NGO, IIMPACT, to adopt teaching schools that provide quality education to girls from marginalized communities and underprivileged . We have supported a 51 centers that have 1,530 girls enrolled into the program.  Impart Higher Values of Life: We provide financial assistance to Vedanta Cultural Foundation, a public charitable trust, to support their programs in the field of education, research, and welfare.  Mental Healthcare: We partner with Sambandh Health Foundation to raise awareness about mental health and mental illness.  Support for Physically Challenged Children: We provide financial assistance to Prem Charitable Trust, a registered charitable trust, to build homes for mentally retarded and physically handicapped children.  Remedial Education to Students with Learning Disabilities: We work with REACH, Remedial Education and Centre for Holistic Development, to provide education to students with learning disabilities across all ages.  Support for disabled children: We provide financial assistance to KEM Hospital to support the learning disability project for the disabled children. 6