I Power Solutions India Ltd Management Discussions.

iPower Solutions India Limited

CIN L72200TN2001PLC047456

iPower Solutions India Limited, the leading e-commerce and web related service provider has reported significant results for the year ended 31.03.2021.

PERFORMANCE REPORT

iPower Solutions India Limited has announced its audited financial results for the year ended 31st March 2021.

iPower Solutions India Limited showed a net profit of Rs. 0.86 for the financial year 2021 as compared to Rs. 0.14 Lacs of previous year 2020.

The Company focuses its training business and proposes to develop its own brand name.

(Rs. in ‘000)

Particulars Year ended 31.03.2021 Year ended 31.03.2020
Net Income 2,080 2,099
Total Expenditure 1,969 2,079
Tax Expenses 25 5
Net Profit 86 14
% of Profit growth 514 (92)

The Net income from operation for the year ending 31.03.2021 is Rs.20.80 Lacs compared to previous years figure of Rs. 20.99 Lacs for the year ending 31.03.2020.

The total expenditure for the year ending 31.03.2021 is Rs.19.69 Lacs as compared to previous years figure of Rs. 20.79 for the year ending 31.03.2020.

The Net profit for the year ending 31.03.2021 is Rs.0.86 Lacs as compared to the previous year figure of Rs. 0.14 Lacs shows increase of 514%

Consolidated

During the year the company on a consolidated basis witnessed an growth in the segments of Software Development & Services, Education & Training and e-Governance; resulting in a turnover of Rs.20.80 Lacs in sales revenue, as compared to Rs 20.99 Lacs in the previous year.

The profit before tax posted for the financial year 2020-21 stood at Rs.1.11. lacs as against Rs.0.19 lacs of previous year, registering decrease of Rs.0.92 lacs

The shares of the Company remain unaltered during the financial year.

Review of operations

There has been some improvement in Gross Income

Outlook for the next year

With the global economy and Indian economy turning around we are hoping for the best.

Risks and Concerns

World wide recession, U.S. Protectionism. Increasing costs

Risks Mitigation

Carefully looking at the opportunities and reduction in the loss.

Opportunities and Threats

Growing IT field. Competition from low cost competitors.

Internal control systems

We have very good internal control system, commensurate with our size.

Industrial Relations and Human Resources Management,

Keeping very good human relationships with the staff and maintaining contacts with the industry.

Development of new products

Always looking for niche areas for product developments in newer technology areas.

Cautionary statement

Competition and size restriction