I

CHD

DEVELOPERS LTD.

Date: 12.02.2016

Ref. No.
Scrip Code: 526917
To
The General Manager
BSE Limited
Dept. of Corporate services
Phiroze ieejeebhoy Towers
Dalal Street, Mumbai 400 001
Sub: Corrigendum for Correction in date of Q3 FY2016 Results Press Release as February 11, 2016
Dear Sir / Madam,
As highlighted in the subject and in reference to the earnings release (Results Press Release) sent to
BSE on February 11, 2016, it is to be informed to all the shareholders of the Company that the
release date has been inadvertently published as November 16, 2015 in place of February 11,2016.
Please find enclosed the revised results press release with the corrected date. Please note that all
other contents of the document are same, having no change at all.
You are requested to please acknowledge the same
Thanking you,
Yours faithfully
For and on behalf of Board of Directors
CHD Developers Limited

Rajinder Kumar Mittal

Chairman

CHD Developers Ltd

SF-i 6-17, 1st Floor, Madame Rhikaji Cama Bhawan, 11 Bhikaji Coma Place, New Delhi . 110066
Phone: +91 -11 -40100100, Fox +91 - Ii -40100190, Website : www.chddevelopers.com

CHD

~Vfl~ LEO,

CHD reports sustained PAT growth of 29 8%

y-o-y in 9M

FY2O1G;

EPS for 9M FY16 stands at Rs. 0.72, up from Rs. 0.56 in 9M FY2015
Ongoing Deleveraging Strategy Resulted in Substantial Decrease in Financial Cost

Consolidated Performance Highlights: 9M FY2016 vs. 9M FY2015

Revenue from Operations of Rs. 1,583.7 mn

EBITDA of Rs. 236.0 mn, EBITDA margin of 14.9%
Financial Cost of Rs. 85.2 mn, a decrease of 39.5%
PAT of Rs. 81.9 mn, an increase of 29.8%; PAT margin of 5.2%, up 123 bps

New Delhi, February 11, 2016: OlD Developers Ltd. (CHD or the Company), one of North
Indias most recognized mid-income residential real estate brand, announces its unaudited third
quarter and nine month results for FY2016.
9M FY2016 Results (Consolidated)
Particulars (Rs. million)

_______________________________________
9M FY2016

9M FY2015

y-o-y Change

1,583.7

1,602.8

(1.2)%

EBITDA

236.0

256.3

(7.9)%

% EBITDA Margin

14S%

16.0%

85.2

140.8

(39.5)%

PAT

81.9

63.1

29.8%

%PATMargin

5.2%

3.9%

Basic EP5 (Rs.)

0.72

0.56

Revenue from Operations

.Financial Cost

29.8%

9M FY2016 Results (Standalone)

9M FYZO1G

9M FY2015

y-o-y Change

1,490.1

1,450.3

2.7%

PBT

126.0

68.5

83.9%

PAT

83.5

45.0

85.8%

%PATMargin

5.6%

3.1%

Particulars (Rs. million)

Revenue from Operations

Management Discussion
On a consolidated basis, CHD registered Revenue from Operations of Rs. 1,583.7 mn during 9M
FY2016, a slight decline of 1.2% on a y-o-y basis. This was primarily on account of decreased
demand across the real estate sector. However, on a standalone basis, revenue increased by 2.7%
on a y-o-y basis.
Despite a decline in Revenue from Operations, 9M FY2016 PAT increased by 29.8% on a y-o-y basis,
mainly on account of reduction in debt for the company and reduction of the interest & financial
cost. Financial cost decreased by 39.5% on a y-o-y basis; leading to PAT margin expansion.
Operationally, the Companys projects continue to garner moderate sales inflow despite the
current market conditions being highly subdued. There were no project launches in Q3 FY2016 and
the new sale achieved is attributable to the existing ongoing projects of the Company.

There being no perceptible improvement in the market demand, we have sought to focus on
our strategic objective of generating free cash flows and deleveraging our balance sheet. This
will help us emerge stronger in such difficult market conditions. We have already managed to
considerably reduce our debt over the last 9 months, leading to profit margin improvement.
To be prepared for the up cycle in the market, the Company is strategically focused on
completing and delivering the ongoing projects on time. CHO has a long standing reputation of
project execution and timely delivery. This is rightly reflected by the close to zero level of unsold
inventory in our completed projects. CHD will continue to focus on high growth micro-markets
of NCR as well as entering into joint ventures for new projects in order to conserve capital
deployment in land aggregation.

About the Company:

CHD Developers Ltd (CHDL) was incorporated in 1990 and is listed on Bombay Stock Exchange
(BSE: 526917). The Company is based out of New Delhi (India) and was started with a vision to help
home buyers realize their dream perfect homes. CHD Developers Limited is celebrating 25.years of
its existence. A leader in innovition and quality development, CHD Developers Ltd has ushered
paradigm changes in the North Indias Real Estate landscape. CHD projects in Vrindavan, Haridwar,
Gurgaon, Karnal and other areas of Delhi NCR are living testimony to their commitment in
providing world-class living standards to customers. The Company has a very Asset Light operating
model and follows the concept of Realty Manufacturing, without accumulating any land bank.
Contact Details:
HD Developers Limited (CI N: L74899DL1990PLC041188)
SF-16-17, 1st Floor, Madame Bhikaji Cama Bhawan, 11, Bhikaji Cama Place, New Delhi 110066
Karish Manchanda

+91 8800553431

Investor Relations Officer

karish. manchanda(6khddevelopers.com

Saket Somani

+9122 6169 5988

Church gate Partners (IR Advisory)

CHD@ichurchgatepartnersindia.com

FJCND DEWLcpu~s LIMIIEC)

Safe Harbor:
This document is not an offer or invitation to subscribe to or purchase any securities. No warranty is given as to the
accuracy or completeness of the information in this presentation. You must make your own independent investigation
prepared by
CHD Developers Limited solely for providing information obout the Company. It may contoin certoin forward looking
statements concerning CHD Developers ongoing projects, strategic direction relating to the implementation of
strategic initiatives, and other statements relating to CHD Developers future business developments and economic
performance. While these foiward looking statements indicate our assessment and future expectations concerning the
development of our business, a number of risks, uncertainties and other unknown factors could cause actual
developments and results to differ materially jroni our expectations. These factors include, but are not limited to
general market, macro-economic, governmentol and regulatory trends, movements in currency exchange and interest
rates, competitive pressures, technological developments~ changes in the financial conditions of third parties dealing
with us, legislative developments, and other key factors that could affect our business and financial performance. The
company does not undertake obligution to make any announcement in case any of these forward looking statements
become materially incorrect in future.