Walker Chandiok &Co LLP Walker Chandok & Co LLP Former War, Chardok & Co) "WINGS, Fist Foo 16/1 Canbeidge Roast ‘soo, Benga 560008, bia T +91 604243 0700, F491 608126 1226, Auditors’ Report on Quarterly Consolidated Financial Results of the Company Pursuant to the Clause 41 of the Listing Agreement ‘To the Board of Directors of Puravankara Projects Limited 1. We have audited the consolidated financial results (“the Statement”) of Puravankara Projects Limited (the Company”) its subsidasies and associates (collectively seferred to as “the Group") forthe quarter and haf year ended 30 September 2015, artached herewith, being submitted by the Company pursuant to the requirement of Clause 41 ofthe Listing Agreement, except for the disclosures regarding “Public Shareholding’ and ‘Promoter and Promoter Group Shareholding’ which have been traced from disclosures made by the management and have not been audited by us. This Statement has been ptcpared from consolidated interim financial statements, which are the esponsibility of the Company's management. Our responsiblity isto express an opinion on this Statement based on ou audit of such consolidated interim financial statements, which have been prepared in accordance with the recognition and measurement principles hid down in Accounting Standard (AS) 25, Interim Financial Reporting, specified under Section 133 of the Act, ead with Rule 7 of the Companies (Accounts) Rules, 2014 (as amended) and other accountng principles generally accepted in India. 2. We conducted our audit in accordance with the auditing standards generally accepted in India. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the Statement is free of material misstatement(s). An audit includes examining, on a test basis, evidence supporting the amounts disclosed as consolidated interim financial results. An audit also includes assessing the accounting principles used and significant estimates made by management. We believe that our audit provides a reasonable basis for out opinion. 3. In our opinion and to the best of our information and according to the explanations given 0 us, and fon consideration of reports of other auditors on separate financial statements and on the other financial information of the components, these consolidated financial results: @ include the financial results of the following entities: Welworth Lanka Holdings Private Limited Welworth Lanka Private Limited Puravankara (UK) Limited Parva Corporation Prudential Housing and Infrastructure Development Limired Centurion Housing and Construction Private Limited Pusva Marine Properties Private Limited Melmont Construction Private Limited ‘Purva Realities Privare Limited Nile Developers Private Limited fee Sexson Oude, chm Coun ed Ke, ab ibs New Dei, os cal Conny rsa Ne beh EOWalker Chandiok &Co LLP ‘Vaigai Developers Private Limited Purva Good Earth Properties Private Limited urva Star Properties Private Limited Purva Sapphire Land Private Limited Parva Ruby Properties Private Limited Purva Opel Properties Private Limited Puravankars Hotels Limited Parva Land Limited Starworth Infrastructure and Construction Limited Provident Housing Limited Pune Projects LLP Keppel Puravankara Development Private Limited (Associate) Sobha Puravankart Aviation Private Limited (Associate) Propmart Technologies Limited (Ascociate) @ as been presented in accordance with the requirements of Clause 41 of the Listing Agreement in this seqard; and @) gives a teue and fair view of the consolidated net profit and other financial information for the quarter snd half year ended 30 September 2015 Farther, we also report that we have, on the basis of the books of account and other records and information and explanations given to us by the management, also verified the number of shares as well as, percentage of shareholdings in respect of aggregate amount of public shareholdings, as furnished by the ‘Company in terms of Chuuse 35 of the Listing Agreement and found the same to be correct. (@ We did not audit the interim financial results of 17 subsidiaees included in the Statement, whose interim Sinancial reals reflect total assets (after eliminating intra-group transactions) of & 49234 crore as atthe {quarter ended 30 September 2015; as well asthe total coven (aftr eliminating intra-group transactions) of £7535 cxore forthe quarter and haf yeus ended 30 September 2015. The interim financial statements of these 17 subsidiaries have been audited by other auditors whose audit xeports have been furnished to us, and our opinion on the Statement, to the extent they have been derived from such interim financial statements is based solely on the audit reports of such other auditors. (b) We did not audit the interim financial results of 3 associates whose interim financial results reflect the Company's share of loss of & 0.07 crore and % 0.06 crore for the quaster and half year ended respectively fon that dat, included in this Statement. These interim financial results have not been audited by other auditors and have been furnished to us by the Management and our opinion on the consolidated financial statements, in so far s it relates to the amounts and disclosures inchided in respect of these associates, = based solely on such unaudited financial information. In our opinion and according to the information and. explanations given to us by the Management, these financial information are not material to the Group. (Our audit report isnot qualified in respect ofthis matter. Cherdick 200. whe Sgualite cout (Chartered Accouatants Firm Registration No: 001076N/NS00013 Sadyay Bons pee! Partner Membership No.: 061068 Bengalucu (06 November 2015, Sanjay Banthiaagar ome no 130, Uo ost Bangle $6002 nia ‘Cope icetaionWunber LAS2OKATCRSPLCOSITY Enal veslrsgervararacon a (2.1 cpt ar agra ta) St nee oT GS i Sgr 218 x ‘Darmcart ra Tere & Pets ai eo eee ref Sbaaete [sie shaded | fuiieg hand | Aotieg [aba a ‘Rewrunton oc caso] atear| —cazae|—ccoar | amaas| temas Sher oertraevnant a rr ae on var| in hota ron operadont aie |e | mage | ast | oe | 2 [Beene Tice cost ot me} arm] 2un| sar] ares] omen tango imre| ose] “taro| —Seeoe| tao] Sense Ureveatejtecease nvr ot toptes ure eveupnee Sipeowieeracto ese 03] aro] 170] esos] ssa] isan Eres dew exer ‘e| “aes| Sous “amer| Sous] tras acgesarencan ee) sts] en] wrar| ates | Sas ror expenne 333 sser[ sare] —eerar [nares | rae 2 [Pott tem operatans bot otrncome eae expnnata, [ B170] B58 sere] aaa] "ane Icorponos tena, stare o potions) na monrtyiaeet « [Semone ost 2 on sal zo) _ze0| 5 [rt te operators bt franc xpnse, tr prod wer] wes] sar] reas] tea] ae omer a proton) and mney iat [trace eonan rt w| se] wel em] ase 6 4 [pam to onary actos Deter tx, pr pated tana, sare| ates] ans] ——-s88] vege] tana | Isfroros) and mort ineret [pt re ssiny stn ator pri prod am, ha ot was | mass] es] 38] ae] tose lrtonec) a mnonty nae 10 [rr oeras reanateperse| totic ere) oat are : 10 - oe 1% frmtom rdnry vl tnd befor share of pots) and] ——23 56] Sha] 65] a1} io] ars [inst mare 12. [Sue front of asses. nat om] aor 25] coon] asa] aa 15 [nor een zs : z : {soa 1% |e pris Bar| as | ara | no | rae | aa 15 [Pray trap dace a te) vase] tee] esa] tress] rissa] Tres |e [Revenant aimss| aves] amat|aveees| zimai| anats oe © os oss 0 1 as 80 Diaesi) os ass os ie a 580, ‘nue ors seaaz| ssame2| so2mea| somen| sare) so2rar Pacetape ot rete ‘scoo] aeon| *ssoim] “asaon| “Soon | 2) bron o one pep rong [timer sore "i we "i “ “ “i non Enarhrs | Ftstag anrs (os ect Pos natin = Poa Soe [eSTOR CoRR ferro morgue Fescasasraite ose 1 losoreearngne cane : [Reig wend nt tn a - fe a para om hes Far Stee git “Te are ena ar taka ecard ete Dore Mtg hor 08 Neer 2015 2 The Geom acnpge ripe cooper endemtcion rer an comer popes ich conte be cpl buns eget Furr ‘heme dvs at have sgn een cera. 3 @)urngire gana nce 3 ure 2016 ara your ends 0 Sepsbe Z015, he Congayerteres il an eee ol alan acl cuss winn sopy ‘noo arp cata Generar seas consamason e000 '3}.0n 28 art 214, he Compan erties io at cae sl prion ft roger nce devaoprrt aah raion f S75 Atay, on 02 May 214 ‘So Careary nas ore ean secret oval era unos nara LOS) te anery rae Soconartaprguing 0 25 percat be Eas pasery tr {ae cam concerto of 2261 Ort conecraton € Test hes ben eevee suc oe aguerert one Frton oPe US Te ar ‘eeseraton anawrtng® 15400 eng® 00! twas rena 2s pera ol te aopey weer eeecpnera ayaa aie! orca lan sacin nate st ‘ooraten ona areca varaoson,reaecivaly. Cosh Surg fw att arded 90 la 044 a ere ou rand 9 Mron 25, te Ganpeny ht ‘xzpnze revere tom st ana wet of 25 pct ot 8 oer unc’ Sooner) aneirg et 6133 Tharenamng 28 pratt Pe one ae ‘rvecpmer shan be ecognand at anurant carngercas rsa 4 Prarpanesennauates naw Sen regents eee canoer a rasaran. cre par‘arcane omaton (ust. eaten aera Taras Sisgis_[ Sante | Hee sa _| Sas Ipareton onto ‘as |— auer| ae taa|— an Pt tt tees] aes a3 eu) ny Shoat of eae sig tac 1 OUY AYO URBUTIES 1 Sharaoter Funds ‘pare tes] ss Rosen oa saps aisses| 2415 2eors[ enor Teng borings acess) soss2t Ceptem rovers sn oer Tate] 98 ete roninon wan] 7s Saas om| ime ber areas eat] see ‘TOTAL - EQUITY AND LIABITES Betas] asa lo. assets Preporis ha ceeopmet one ered aut) on Lengaorn bars na aberces a2 ‘arson suerte ie00 Tass Canara barkatrces sore aaa tEtonence 2018 nba ne Soars Degcore ' Aa sey Joeenenagr DestWalker Chandiok &Co LLP Waker Chandiok & Co LLP (Former Wakes, Chandok & Co) "HNGS", Fest Foor 16/1, Canbroge Roos sox, Bengaluru 560008, Inde T +91 804243 0700, F 291804125 1228, rs’ Report on Quarterly Financial Results of the Company Pursuant to the Clause 41 of the Listing Agreement ‘To the Board of Directors of Puravankara Projects Limited 1. We have audited the financial results (“the Statement”) of Puravankara Projects Limited (“the Company”) for the quarter and half year ended 30 September 2015, attached herewith, being submitted by the Company pursuant to the requirement of Clause 41 of the Listing Agreement, except for the disclosures regarding ‘Public Shareholding’ and ‘Promoter and Promoter Group Shareholding’, which have been traced from disclosures made by the management and have not bbeen audited by us. This Statement has been prepared on the basis of the interim financial statements, which are the responsibility of the Company's management. Our responsibility is to express an opinion on this Statement based on our audit of such interim financial statements, which have been prepared in accordance with the recognition and measurement principles laid down in Accounting Standard (AS) 25, Interim Financial Reporting, specified under Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014 (as amended) and other accounting, principles generally accepted in India, 2. We conducted our audit in accordance with the auditing standards generally accepted in India. ‘Those standatds require that we plan and perform the audit to obtain reasonable assurance about whether the Statement is free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts disclosed as financial results. An audit also includes assessing the accounting principles used and significant estimates made by management. We believe that our auclt provides a reasonable basis for our opinion. 3. In our opinion and to the best of our information and according to the explanations given to us this Statement (@) is presented in accordance with the requirements of Clause 41 of the Listing Agreement in this regard; and Gi) gives a true and fair view of the net profit and other financial information for the quarter and half year ended 30 September 2015 ces nae, Ch Cena Gn Meg a Kaa. We Nek DA Noe Pe ‘cst Cn Cr ube EEWalker Chandiok &Co LLP 4. Further, we also report that we have, on the basis of the books of acount and other records and information and explanations given to us by the management, also verified the number of shares as well as percentage of sharcholdings in respect of aggregate amount of public shareholdings, as furnished by the Company in terms of Clause 35 of the Listing Agreement and found the same to be Water Chontiok & Co: Ue For Walker Chandiok & Co LLP Chartered Accountants Firm Registration No.: OO1076N/N500013 Sanjay Bona, per Sanjay Banthia Partner ‘Membership No: 061068 Bengaluru 06 November 2015,etre Ofc No 130, Ub Rea Berga S02, a ‘Cope erat Number LaezIOeaT OPCS? Eat neeto@preriaacon ant (ree, ecg shar dps nr 2 Parcs eee ies | meee ee eae | fame fon opwaons ‘Reena tonoest moms | —ssren| —amzo| scan] rrr] sess Srareerarororeues i 2 2 an. jor] tee [rt came tom operas mz | ses | se | sre ase feomerrastesse 7S Foremmneeorcrmenem) stem] (rson] uaz) ress] wien] oral Eroores ert ooree ww] ‘soee| nae) “Seat | = Sean | ase Shore ves oP p A oe Steet sd aerzabon wane 20 273 28 538 sul ta Onerecerses, je| _auat 208 i see 1 [pamromopentons aes tere Sie] ser] sar] ao] ar |e leper pie tems 4 [orerncne. zn| os aiz| saz | saas|__ sre 5: |rte tom operon ber fnansexpenue, tax and po saoa | area] ato] ——Sos9] 7228 | ——Ts898 | 2s 5 rt rom rdnay acto eorex an pri pao a a a 6 [ramen learen a ws) a ase] ram] rae] ts [econo act airy hd 5, [etter ssn be pi pte ra] a a al 1 jr Pronttor te panes sae | ase or | ser | ease | aa 12 [Pesan ony sae capt (nc voun Sonn) viese] ——tWes8] tress] 710868] ves] 11008 13 [roses an none veosr| sysret| sass] rater] see] unneee aoe 18 19 om am 12 300 z T | nos fae semacz| seamen| s2era| sozma| smanea| sazera2 Detergent Boom) aso] com] “zsom| “"ascon) “ao alone an pone ou rock [Now oan ‘ c 6 lb no Erasers eee eas a srramaase| vvrezasa| srrecazea| srrssaae| r7resaase| t77acaase ‘sonar enor gap) rors] toon) scone] tau] Parton tenor ae oh ae cot ‘te canon 2 13 x 73005] __re008) = nea Taare "E WESTOR CORPS so | lenin tr xorg ee sree ruse aie ee iat ‘nn mart oor sie Fr att a 2 Racer erongi ote creer acne on cowcl ores whl weradan teary eb ten nr Fe 3.3) ummm quater enc 30 Seprber 215, he Company has een sen is of 896.76 fe eh canad uber aces wih na TA ‘vaané een aro 748 pay te sonra sores erin Goce nas ean sue wine vem auton at Caroary. Cowes Ste bore anonthas an costes senes sapn| yan one 5 re 20s aa ye ed Spe. Cony cio een a apa }n28 Agr 2 te Carper ented asl cee al apoio! prague evelopment cash crit ol £75. dena. on 02 ay 2016, be Carey has ented an year esl asin wid share LDS) a pogayrae devant spying 025 pray oe td propery att ‘au cameraton ef € 22067 OF te ls cnwdeaten € 1581 aw been fceiad in eracton fe apace orrce poten ot fe UOS The Somes ‘Sneratansmcuting 76499 and € OD! waa onarig 25 pro le ope uae vce inayat ject oe pan saan nda he eo ‘omasen te tern tanec repecvay Carsagaty Sng th Gata wd 30 law 234d fr he yor eed 3 Mach 20 the Gay hae ‘Seager form sl (bre ert 0 29 pre ts ronety Un Scone) anowang 18138. The eraeng 23 pect ee ary et ‘rclper be acca nan enh canigerces we rave 4 Prepares canons nae ben routes were acasny cre ha pasaenn ntact parerat ans bes Auta) = ise i Timer i earners ee alae iid wea a a ie eceree, palit ae gla a ees mal ae at os aang a ae aaa celery a anaes al ae eel on| ae ———- saa iitias pen ie te eats Re re a. eaePURAVANKARA For Immediate Release Bengaluru, India November 06, 2015 Q2FY16 Revenues at INR 426 crs; DA 101 crores; up 9%; PAT at INR 23.5 ers, up 10% Commenting on the results, Ashish R Puravankara, Managing Director, Puravankara Projects, said, “The quarter’s performance on project execution and generation of cash continues and we will be delivering committed projects of 12 msft in the next 18 months. In parallel, we are aggressively readying for new launches across Bengaluru, Hyderabad, Pune, Chennai and Kochi.” Revenues, EBITDA and PAT Revenues for the quarter ended September 30, 2015 stood at INR 426 crores as against INR 429 crores in quarter ended September 30, 2014, EBITDA increased by 9% for the quarter ended 30 September 2015 and stood at INR 101 crores as compared with INR 93 crores for the quarter ended 30 September 2014. EBITDA Margins expanded by 9% on YoY basis. PAT increased by 10% and stood at INR 23.5 crores for the quarter ended 30 September 2015 as against INR 21 crores for the quarter ended 30 September 2014. PAT margins expanded by 10% on a YoY basis. Operating cash surplus for the quarter ended September 30, 2015 stood at INR 44 Crores. Project Collections for the quarter ended September 30, 2015 stood at INR 343, up 4.5% over INR 328 crores in the corresponding quarter of the previous year. Deliveries In line with our continued focus on delivering projects, we have spent INR 551 crores on construction during the first half of this financial year and expect to maintain the same momentum during the second half as well We will be handing over 12.23 msft of area within the next 18 months, of which 5.81 msft will be delivered in the balance period of this fiscal with 80% of the project being sold. Balance project deliveries of 6.42 msft will be delivered in the next fiscal with 55% of the project being sold. (ee PURAVAMKARA PROJECTS LTD ,CIN: L4S20CKAISB5PLCOSIS71 Reg. Office : #1301, Usoor Road, Bengalurs- 560042. Te No? +91- 80-2559 9000/4343 9999: Fax No. +91- 80-2559 $350: Website: www puravarkara.comHIFY16 Performance Sales for the first half of the financial year stood at INR 409 crores, which was contributed by through the projects “Purva Palm Beach” “Purva Windermere” “Purva Season” and “provident Sunworth” in ongoing projects category. Sales of ready-to-move in inventory for the first half of this fiscal stood at INR 103 crores, contributed mainly in area by “Provident Welworth”, “Provident Sunworth” , “Purva Windermere”, “Purva Summit” and “Purva Palm Beach’. Puravankara’s sales realization increased by 11% and stood at INR 5,938 psft in the quarter ended September 2015 as against INR 5,373 psft in the quarter ended September 2014. Provident sales realisation was at INR 3,266 psft during the quarter ended September 30, 2015, ‘New Launches ‘The launch pipeline for the year FY16 stands at 17.01 msft, under both the Puravankara and the Provident brands, across Bengaluru, Chennai, Pune, Hyderabad and Kochi and is in the final stage of receiving plan sanctions. Of the above, for 4.41 msft (our share is 2.35 msft) comprising of Shivarampally (Provident), Silversands and Lalbagh (Puravankara) have already commenced Expressions of Interest {EOIs) and will be launching in the coming months Investor Relations Hari Ramakrishnan Deputy Chief Financial Officer +91-80-4343-9794 Email: hariramky@puravankara.com Media Relations Sowmya Shenoy Senior General Manager- Corporate Communication +91-80-4343-9692 Email: sowmya.she r ra.com puravankata PROJECTS 1D IN: LSQ004AIS869.0Si573 Rag OMe: #1301, Usor Read, Bangs ~ 560042 JFetnos +91. 802559 5000/943 9999: Fx ho. #9180 25599950; Webs: ymin purantara con