Earnings Per Share

12 Months Ended

Mar. 31, 2019

Earnings (Loss) per share:

EARNINGS PER SHARE

18 EARNINGS PER SHARE

The basic and diluted earnings/(loss) per share were as follows:

	Year ended March 31, 2019		Year ended March 31, 2018			Year ended March 31, 2017
Net income/(Loss)	$	6,925	$	(5,001	)	$	(922	)
Basic weighted average outstanding equity shares		37,209,999		36,540,199			36,477,774
Adjustment for dilutive potential common stock Options under Majesco 2015 Equity Plan Dilutive Weighted average outstanding equity shares		2,063,606
Earnings per share
Diluted weighted average outstanding equity shares		39,273,605		36,540,199			36,477,774
Basic	$	0.19	$	(0.14	)	$	(0.02	)
Diluted	$	0.18	$	(0.14	)	$	(0.02	)

Basic earnings per share amounts are calculated by dividing net income for the years ended March 31, 2019, 2018 and 2017 attributable to common shareholders by the weighted average number of ordinary shares outstanding during the same periods.

Diluted earnings per share amounts are calculated by dividing the net income attributable to common shareholders by the sum of the weighted average number of ordinary shares outstanding during the periods plus the weighted average number of common shares that would be issued on the conversion of all the dilutive potential common shares into common shares.

The calculation of diluted earnings per share March 2018 and 2017 excluded potential equity shares and options granted to employees, as their inclusion would have been antidilutive.