SEC Filings

6-K
WNS (HOLDINGS) LTD filed this Form 6-K on 08/06/2018
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Table of Contents

The increase in profit was primarily on account of higher operating profit and higher other income, and lower finance expenses partially offset by higher taxes.

Liquidity and Capital Resources

Our capital requirements are principally for the establishment of operating facilities to support our growth and acquisitions, debt repayment and to fund the repurchase of ADSs under our share repurchase programs, as described in further detail in “Part IV Other Information” of this report and “Part II Item 16E Purchases of Equity Securities by the Issuer and Affiliated Purchases” of our annual report on Form 20-F for the fiscal year ended March 31, 2018. Our sources of liquidity include cash and cash equivalents and cash flow from operations, supplemented by equity and debt financing and bank credit lines, as required.

As at June 30, 2018, we had cash and cash equivalents of $66.1 million which were primarily held in US dollars, Indian rupees, pound sterling and South African rand. We typically seek to invest our available cash on hand in bank deposits and money market instruments. Our investments include primarily bank deposits, marketable securities and mutual funds which totaled $127.2 million as at June 30, 2018.

As at June 30, 2018, our total debt outstanding was $89.9 million. We also had available lines of credit amounting to $75.0 million. As at June 30, 2018, no amounts were drawn under these lines of credit.

 

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