Patni Computer Systems (Delisted) financials and balance sheet
BSE: 532517
Last traded ₹515.80 on 18 May 2012
Delisted on 28 May 2012.
5 years at a glance
Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to December.Patni Computer Systems annual reports
Revenue, net profit and borrowings, ₹ crore
- Revenue
- Net profit
- Borrowings
Operating and net margin, per cent
- Operating marginOperating margin. Operating profit before depreciation as a percentage of revenue: how much of each rupee of sales is left after running costs.
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax.
The years either side of a change of basis do not compare. From the year to Dec 2011, the company's revenue for that year, ₹2,202 Cr, differs from its quarters added, ₹2,225 Cr.
Results for the year to Dec 2011
Standalone: the listed company alone, without its subsidiaries. ₹ crore.
From revenue to net profit
- Revenue2,202
- Operating expenses−1,591
- Operating profit611
- Depreciation−110
- Other income+95
- Finance costs−2.9
- Profit before tax594
- Tax−90
- Net profit500
Profit and loss
Standalone, ₹ crore, years to December.Patni Computer Systems quarterly results
| ₹ crore | Dec 2007 | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 |
|---|---|---|---|---|---|
| Revenue from operations | 1,172 | 1,550 | 1,751 | 2,031 | 2,202 |
| Operating expensesOperating expenses. What the business spent to run itself in the period, materials, staff and other costs, before depreciation, interest and tax. | 820 | 1,142 | 1,172 | 1,295 | 1,591 |
| Operating profit before depreciationOperating profit before depreciation (EBITDA). Revenue less operating expenses: what the business earns from its operations before depreciation, interest and tax. | 352 | 408 | 580 | 736 | 611 |
| Operating marginOperating margin. Operating profit before depreciation as a percentage of revenue: how much of each rupee of sales is left after running costs. | 30.0% | 26.3% | 33.1% | 36.2% | 27.8% |
| Depreciation and amortisationDepreciation and amortisation. The part of the cost of plant, buildings and other long-lived assets charged against each year they are used. | 80 | 88 | 92 | 92 | 110 |
| Operating profit after depreciationOperating profit after depreciation (EBIT). Operating profit before depreciation, less depreciation and amortisation. | 272 | 320 | 488 | 644 | 502 |
| Other incomeOther income. Income from outside the main business, such as interest on deposits, dividends received and gains on investments. | 167 | 99 | 101 | 76 | 95 |
| Finance costsFinance costs. Interest and the other costs of borrowing in the period. | 7 | 6 | 7 | 4 | 3 |
| One-off itemsExceptional items. Gains or losses the company reports separately because they are not expected to recur, such as selling a business or writing down an asset. | 4 | – | – | – | – |
| Profit before tax | 436 | 413 | 582 | 716 | 594 |
| Tax | 48 | 24 | 39 | 60 | 90 |
| Net profit | 388 | 389 | 543 | 655 | 500 |
| Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. | 33.1% | 25.1% | 31.0% | 32.3% | 22.7% |
Ratios
Standalone, years to December.
| Ratio | Dec 2007 | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 |
|---|---|---|---|---|---|
| Revenue growthRevenue growth. This year's revenue less last year's, divided by last year's, times 100; blank where last year's is not above nought. | – | 32.3% | 13.0% | 15.9% | – |
| Operating profit growthOperating profit growth. This year's operating profit before depreciation less last year's, divided by last year's, times 100; blank where last year's is not above nought. | – | 15.9% | 42.0% | 26.9% | – |
| Net profit growthNet profit growth. This year's net profit less last year's, divided by last year's, times 100; blank where last year's is not above nought. | – | 0.4% | 39.5% | 20.7% | −23.7% |
| Earnings per share growthEarnings per share growth. This year's earnings per share less last year's, on the same share count, divided by last year's, times 100; blank where last year's is not above nought. | – | 2.7% | 47.5% | 19.0% | −25.7% |
| Interest coverInterest cover. Operating profit after depreciation divided by finance costs: how many times over the profit pays the interest bill. | 39.4 | 49.4 | 72.4 | 148.3 | 171.2 |
Revenue growth and operating profit growth are left blank for the year to Dec 2011: between the two periods the company restated its earlier figures, so the two are on different bases and the change is not worked out.
Growth and returns over 3, 5 and 10 years
Standalone: the listed company alone, without its subsidiaries. Each window ends with the year to Dec 2011.
| Measure | 5 years | 3 years |
|---|---|---|
| Revenue growth, yearly rateRevenue growth, yearly rate. 3 years: Revenue in the latest year ÷ revenue in the year three years before, to the power of one third, − 1, × 100: the yearly rate it grew at; empty where either year is missing, nought or a loss, or a change of year end falls between them. 5 years: Revenue in the latest year ÷ revenue in the year five years before, to the power of one fifth, − 1, × 100: the yearly rate it grew at; empty where either year is missing, nought or a loss, or a change of year end falls between them. 10 years: Revenue in the latest year ÷ revenue in the year ten years before, to the power of one tenth, − 1, × 100: the yearly rate it grew at; empty where either year is missing, nought or a loss, or a change of year end falls between them. | – | 12.4% |
| Profit growth, yearly rateProfit growth, yearly rate. 3 years: Profit to the company's own shareholders in the latest year ÷ profit to the company's own shareholders in the year three years before, to the power of one third, − 1, × 100: the yearly rate it grew at; empty where either year is missing, nought or a loss, or a change of year end falls between them. 5 years: Profit to the company's own shareholders in the latest year ÷ profit to the company's own shareholders in the year five years before, to the power of one fifth, − 1, × 100: the yearly rate it grew at; empty where either year is missing, nought or a loss, or a change of year end falls between them. 10 years: Profit to the company's own shareholders in the latest year ÷ profit to the company's own shareholders in the year ten years before, to the power of one tenth, − 1, × 100: the yearly rate it grew at; empty where either year is missing, nought or a loss, or a change of year end falls between them. | – | 8.7% |
| Operating margin, averageOperating margin, average. 3 years: The plain average of the yearly operating profit margin over the last three years, needing at least two of them; a year without the figure is left out, never filled in. 5 years: The plain average of the yearly operating profit margin over the last five years, needing at least four of them; a year without the figure is left out, never filled in. 10 years: The plain average of the yearly operating profit margin over the last ten years, needing at least nine of them; a year without the figure is left out, never filled in. | 30.7% | 32.4% |
| Net margin, averageNet margin, average. 3 years: The plain average of the yearly net profit margin over the last three years, needing at least two of them; a year without the figure is left out, never filled in. 5 years: The plain average of the yearly net profit margin over the last five years, needing at least four of them; a year without the figure is left out, never filled in. 10 years: The plain average of the yearly net profit margin over the last ten years, needing at least nine of them; a year without the figure is left out, never filled in. | 28.8% | 28.6% |
| Interest cover, averageInterest cover, average. 3 years: The plain average of the yearly interest cover over the last three years, needing at least two of them; a year without the figure is left out, never filled in. 5 years: The plain average of the yearly interest cover over the last five years, needing at least four of them; a year without the figure is left out, never filled in. 10 years: The plain average of the yearly interest cover over the last ten years, needing at least nine of them; a year without the figure is left out, never filled in. | 96.1 | 130.6 |
Accounting checks
Standalone, years to December. Published tests of whether reported profit is backed by cash and the balance sheet.
| Check | Dec 2007 | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 |
|---|---|---|---|---|---|
| Effective tax rateEffective tax rate. Tax charged as a percentage of profit before tax.Published threshold 17.16 per cent | 11.06 | 5.84 | 6.71 | 8.45 | 15.22 |
A threshold marked as ours has no published figure; it is the line we read the check against.