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HDIL Creating ValueMicrostructures IMegastructures I InfrastructureH?uS n q ">evelonment and n r r a s t r •••c t •..•re Lt c.

Regd. office:9 - 01, HDll Towers,Anant Kanekar Marg.Bandra (E)Mumbai 400 051.T +91 22 2658 3500F +912226583535wwwhdil.inCIN No. L70 1OOMH1996PLC 101379

HOUSING DEVELOPMENT AND INFRASTRUCTURE LIMITEDStatement of Standalone Audited Results for the Quarter and Year Ended 31st March, 2019

(~in lacs)

Quarter ended Year endedSr. Particulars 31.03.2019 31.12.2018 31.03.2018 31.03.2019 31.03.2018No.

(Audited) (Unaudited) (Audited) (Audited) (Audited)1 Revenue From Operations 2,909 8,807 4,130 58,376 38,7752 Other Income 473 388 688 1,744 1,4623 Total Income (1+2) 3,382 9,195 4,818 60,120 .40,2374 EXPENSES

Cost of materials consumed 10,238 3,322 10,265 22,882 35,321Changes in inventories of finished goods, Stock-in - (12,358) (502) (13,294) 1,224 (34,346)Trade and work-in-progressEmployee benefits expense 529 521 906 2,230 3,082Finance costs 3,556 4,226 5,585 19,187 26,786Depreciation and amortization expense 131 106 163 539 677Other expenses 363 444 490 2,270 2,772Total expenses (4) 2,459 8,117 4,115 48,332 34,292

5 Profit/(loss) before exceptional items and tax (3-4) 923 1,078 703 11,788 5,945

6 Exceptional Items - - - - -

7 Profit/(Ioss) before tax (5-6) 923 1,078 703 11,788 5,945

8 Tax expense:(a) Current tax 174 193 14 2,246 1,133(b) Deferred tax (7) (31) (41 (77) (238(c) Income tax on earlier years - - - - (4,482

167 162 (27) 2,169 (3,587)

9 Profit/Closs) for the period (7-8) 756 916 730 9,619 9,532

10 Other Comprehensive Income(i) Items that will not be reclassified to profit or

loss(a) Remeasurements of the defined benefit plans 24 (65) 133 (46) 96

(Expenses)/ Income(b) Income tax relating to items that will not be - - - - -

reclassified to profit or loss24 (65) 133 (46 96

11 Total Comprehensive Income for the period (9+10) 780 851 863 9,573 9,628(Comprising Profit (Loss) and Other ComprehensiveIncome for the period)

12 Paid-up Equity Share Capital (Face value of share ~ 45,400 45,400 43,400 45,400 43,40010/ - each)

13 Reserves excluding revaluation reserves (as per 11,26,172 11,02,479balance sheet of previous accounting year)

14 Earnings per equity share:(1) Basic 0.17 0.19 1.20 2.11 2.22(2) Diluted 0.16 0.19 1.22 2.11 2.19

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HDIL Creating ValueMicrostructures IMegastructures I InfrastructureHC" s ng :1evelo"'"le"t and lnfrastrul..ture Ltu.

Regd. office:9 - 01. HDIl Towers.Anant Kanekar Marg.Bandra [E]Mumbai 400 051.T +91 2226583500F +91 2226583535wwwhdil.inCIN No. l70100MH1996PlCl01379

Particulars Quarter ended 31.03.2019INVESTOR COMPLAINTSPending at the beginning of the quarter -Received during the quarter -Disposed of during the quarter -Remaining unresolved at the end of the quarter -

Audited Standalone Statement of Assets and Liabilities as atParticulars Year ended,

31.03.2019 31.03.2018

ASSETSNon-current assets

Property, Plant and Equipment 10,713 11,119

Investment Property 10,489 10,627

Other Intangible assets 3 10

Financial AssetsInvestments 78,885 1,08,321

Others 846 848

Current assets

Inventories 12,03,308 12,26,483

Financial Assets

Investments 102 102

Trade receivables 37,882 38,244

Cash and cash equivalents 523 316

Bank balances other than (iii) above 12,009 11,266

Others 7,463 7,893

Other current assets 2,46,204 2,06,502Total Assets 16,08,427 16,21,731

EQUITY AND LIABILITIES

Equity Share capital 45,400 43,400

Other Equity 11,26,172 11,02,479

LIABILITIESNon-current liabilities

Financial LiabilitiesBorrowings 309 17,715

Other financial liabilities 240 324

Provisions 405 368

Deferred tax liabilities (Net) 2,932 3,009

Current liabilities

Financial LiabilitiesBorrowings 1,50,096 1,52,889

Trade payables 45,160 45,709

Other financial liabilities 68,940 93,178

Other current liabilities 1,53,725 1,49,618

Provisions 371 361Current Tax Liabilities (Net) 14,677 12,681Total Equity and Liabilities 16,08,427 16,21,731

HDIL Creating ValueMicrostructures IMegastructures I InfrastructureiOJsi"Q Dev~ o p-n e n t and Infrd •.trurture cro.

Regd. office:9 - 0 I, HDll Towers,Anant Kanekar Marg,Bandra (E)Mumbai 400 051.T +91 2226583500F +91 22 2658 3535www.hdil.inC1NNo. l70100MH1996PlCl01379

5 Ind AS 115 'Revenue from Contracts with Customers', mandatory for reporting periods beginning on or after April 1, 2018,replaces existing revenue recognition requirements. Under the modified retrospective approach there were no adjustmentsrequired to the retained earnings at April 1, 2018. Also, the application of IndAS 115K'not have any significant impact onrecognition and measurement of revenue and related items in the financial results. •. \ ~

Place: Mumbai '-v\ ~Date :30th Ma ,2019 Chairman of Board Meetin

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Notes :-1 The above results have been reviewed by the Audit Committee and thereafter, approved by the Board of Directors at theirmeetings held on 30th May, 2019

2 Previous year/period figures have been regrouped, rearranged, restated and reclassified wherever necessary, for the purpose ofcom parison.

3 The Company has evaluated its operating segments in accordance with ind AS 108, and has determined its business segment as"Real Estate Development and Infrastructure". Since 100% of the Companies business is from Real Estate no secondary reportablesegment relating to the Company's business.

4 Revenue from the certain projects is recognised by applying Percentage of Completion Method in compliance of Guidance Noteon Accounting for Real Estate Transaction (Revised 2012) issued by the Institute of the Chartered Accountants of India. However,for the ongoing projects as on the date of introduction of Guidance Note on Accounting for Real Estate Transaction (Revised2012) and also where Company has already commenced the recognisation of the revenue from the projects, the Company followscompleted project method of accounting ("Project Completion Method of Accounting") where in allocable expenses incurredduring the year are debited to work-in-progress account and the income is accounted for as and when the projects get completedor substantially completed and also the revenue is recognised to the extent it is probable and the economic benefits will flow tothe Company and the revenue can be reliably measured. In accordance with the said Guidance Note the Company hasrecognised Revenue on percentage completion method from its project Budget Home to the extent of completion with effect from1st April, 2017.

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." HDIL Creating ValueMicrostructures IMegastructures I InfrastructureHou sm q Development and Infrastructure Ltd.

Regd. office:9 - 0 I. HDlL Towers.Anant Kanekar Marq,Bandra (E)Mumbai 400 05 I.T +91 22 2658 3500f +91 22 2658 3535www.hdil.inCIN No. L70100MH1996PLC101379

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HOUSING DEVELOPMENT AND INFRASTRUCTURE LIMITEDStatement of Consolidated Audited Results for the Quarter and Year Ended 31st March, 2019

(~in lacs)Quarter ended Year ended

Sr. ParticularsNo. 31.03.2019 31.12.2018 31.03.2018 31.03.2019 31.03.2018

(Audited) (Unaudited) (Audited) (Audited) (Audited)1 Revenue From Operations 2,968 22,206 4,131 71,834 38,7752 Other Income 476 388 668 1,747 1,3873 Total Income (1+2) 3,444 22,594 4,799 73,581 40,1624 EXPENSES

Cost of materials consumed 10,238 2,500 11,999 22,062 42,309Changes in inventories of finished goods, Stock-in . (14,586) 9,019 (17,309) 5,211 (49,929)Trade and work-In-progressEmployee benefits expense 543 540 925 2,294 3,160Finance costs 5,788 7,592 7,631 28,062 34,918Depreciation and amortization expense 131 106 164 541 683Other expenses 415 456 517 2,363 2,975Total expenses (4) 2,529 20,213 3,927 60,533 34,116

5 Profit/(Ioss) before exceptional items and tax (3-4) 915 2,381 872 13,048 6,046

6 Exceptional Items · · · ·

7 Profit/(Ioss) before tax (5·6) 915 2,381 872 13,048 6,046

8 Tax expense:(a) Current tax 173 441 76 2,495 1,195(b) Deferred tax (6 (31 (371 (75\ (234\(e) Income tax on earlier vears · · · · (4,484

167 410 39 2,420 (3,523)

9 Profit/(Ioss) for the period (7·8) 748 1,971 833 10,628 9,569

10 Other Comorehensive Income(i) Items that will not be reclassified to profit or

loss(a) Remeasurements of the defined benefit plans 23 (67) 134 (49) 100

(Expensesr/ Income(b) Income tax relating to items that will not be · · · .

reclassified to profit or loss23 (671 134 -(49 100

11 Total Comprehensive Income for the period (9+10) 771 1,904 967 10,579 9,669(Comprising Profit (Loss) and OtherComprehensive Income for the period)

12 Net profit/ (loss) for the period attributable toOwners of the parent 748 1,971 834 10,629 9,572Non controlling interest · · (1 (1 (3)

13 Total comprehensive income for the periodattributable to

Owners of the parent 771 1,904 968 10,580 9,672Non controlling interest · · (1 (1) (3)

14 Paid-up Equity Share Capital (Face value of share ~ 45,400 45,400 43,400 45,400 43,40010/· each)

15 Reserves excluding revaluation reserves (as per 11,43,688 11,18,063balance sheet of previous accounting year)

16 Earnings per equity share:(1) Basic 0.17 0.42 0.22 2.33 2.23(2) Diluted 0.16 0.42 0.22 2.33 2.22

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HDIL Creating ValueMicrostructures I Megastructures I InfrastructureHous ng Oeve opment and Infrastructure Ltd.

Regd. office:9 - 01. HDlL Towers,Anant Kanekar Marg,Bandra (E)Mumbai 400 051.T +91 22 2658 3500F +91 22 2658 3535www.hdil.inCIN No. L70100MH1996PLCI01379

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Particulars Quarter ended31.03.2019

INVESTOR COMPLAINTSPending at the beginning of the quarterReceived during the quarterDisposed of during the quarterRemaining unresolved at the end of the quarter -

Audited Consolidated Statement of Assets and Liabilities as atParticulars Year ended

31.03.2019 31.03.2018

ASSETSNon-current assets

Property, Plant and Equipment 10,742 11,150

Investment Property 10,501 10,639

Other Intangible assets 3 10

Financial AssetsInvestments 1,627 1,652

Others 846 848

Other non-current assets 10,063 13,117

Current assetsInventories 14,57,673 15,31,679

Financial AssetsInvestments 864 895

Trade receivables 42,423 42,786

Cash and cash equivalents 957 374

Bank balances other than (iii) above 12,012 11,270

Others 18,943 20,409

Other current assets 2,46,800 2,07,076Total Assets 18,13,454 18-51,905

EQUITY AND LIABILITIESEquity Share capital 45,400 43,400

Other Equity 11,43,688 11,18,063Minority interest 443 444

LIABILITIESNon-current liabilitiesFinancial Liabilities

Borrowings 49,547 73,947

Other financial liabilities 168 178

Provisions 405 372

Deferred tax liabilities (Net) 2,908 2,982

Current lia bilitiesFinancial Liabilities

Borrowings 1,50,142 1,52,909

Trade payables 48,897 50,398

Other financial liabilities 97,005 1,15,151

Other current liabilities 2,59,699 2,81,008Provisions 384 372

Current Tax Liabilities (Net) 14,768 12,681Total Equity and Liabilities 18,13,454 18-51,905

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HDIL Creating ValueMicrostructures I Megastructures I InfrastructureHo sing Development and l n t r. st ucture L d.

Regd. office:9 - 01, HDll Towers,Anant Kanekar Marg,Bandra (E)Mumbai 400 051.T +91 22 2658 3500F +91 22 26583535www.hdil.inCIN No. l70 1OOMH1996PlC 10 1379

Notes :-1 The above results have been reviewed by the Audit Committee and thereafter, approved by the Board of Directors at theirmeetings held on 30th May, 2019.

2 Previous year/period figures have been regrouped, rearranged, restated and reclassified wherever necessary, for the purpose of

3 The Company has evaluated its operating segments in accordance with ind AS 108, and has determined its business segment as"Real Estate Development and Infrastructure". Since 100% of the Companies business is from Real Estate no secondary reportablesegment relating to the Company's business.

4 Revenue from the certain projects is recognised by applying Percentage of Completion Method in compliance of Guidance Note onAccounting for Real Estate Transaction (Revised 2012) issued by the Institute of the Chartered Accountants of India. However, forthe ongoing projects as on the date of introduction of Guidance Note on Accounting for Real Estate Transaction (Revised 2012) andalso where Company has already commenced the recognisation of the revenue from the projects, the Company follows completedproject method of accounting ("Project Completion Method of Accounting") where in allocable expenses incurred during the yearare debited to work-in-progress account and the income is accounted for as and when the projects get completed or substantiallycompleted and also the revenue is recognised to the extent it is probable and the economic benefits will flow to the Company andthe revenue can be reliably measured. In accordance with the said Guidance Note the Company has recognised Revenue onpercentage completion method from its project Budget Home to the extent of completion with effect from 1st April, 2017.

5 Ind AS 115 'Revenue from Contracts with Customers', mandatory for reporting periods beginning on or after April 1, 2018,replaces existing revenue recognition requirements. Under the modified retrospective approach there were no adjustmentsrequired to the retained earnings at April 1, 2018. Also, the application of IndAS 115 did not have any significant impact onrecogmtion and measurement of revenue and related Items In the finn results

Place Mumbai K-\(\\ ~~Date: 30th May, 2019 Chairman of Board Meeting