TER ERGATA, COWUUGHT PAC, MW DE Webi Teme ai EET FURATOTED GRIT REST ANOLON OR Tt GUANTX AND NE WORTH TOROS BECO IS zx ‘Wesodie| Wesodieg | Toate Ursede)_{ (esas) | — atid 2 fess ee die Cs ig is seal ann] asa] staal seta (Simp tt ‘mal pal “ia cea] ta ‘sa Tol ss sein) asin) aan] meen] nan) 2 | ote a prs er en pn em vamo rao] aatnao] natal aucun] aa a ir ary ai ee atin no i) aassao] ann] aan] ramon] ea] arma 6) oceans 4 2 at rm nar etn ero aan] ann] sas] rapane| ae] arm (rd say rid et) se] se | orem] aa ert om nas ier 8) ssmam] esse] asein) assim] as] 19) |oetramtreptod 930) tenn) saesc askin] casi) ane] 12) rset Sean Pace rect sre amend, asnooe] ——tnnooe] tz) azn an 10) |g Ptr (1 et aes (iene ste ara er a x aa sl (sect oedema 8 am] ai nal nl nl ws sey tie aca a The above nancial reauts forthe quarer and rine months ended 31122015 have been reviewed and recommended bythe Audit committe of 1 |oirectors and approved by the Board of Ovetors in thei respective meetings held on 09.02.2016. The same have been subjected to Limited Review bythe ont Statutory Autors of he Company. Interest, Finance and Other charges a 2[) above, laches prowisions made during the qurtr and nine months ended 312.2015 on account of la wea 2 233.27 core and ¥ 292.00 crore respectively (cotesponding prevous quarter and nine months € 0357 crore and & 213.5% c respectively. u) standard Assets 7.90 crore ar ® 318.26 core respectively (corresponding previous quarter and rine months 7.39 crore and 8 (8.46) cor] respectively |i) Restructure Standard Asste% 248,79 crore and 2461.77 crore respectively (corresponding previous quarter and nine months 14628 crore| 2 and € 361.55 crore respectively, ana (Provision for Diminution in value of investments & (3.07) crore and ¥ 40:19 crore respectively (corresponding previous quarter and rine months Nt. | regards provision on Standard Asets, RB norms require the Company to enance the provision na phased manne rom 025% on 31.03 205} {to cat by 31.03 2018. The Company, dung the quarter ended 30.08.2035, ha increased the provisioning on Standard Loan Assets (exciein| [oustanding restructured standard lan assets) fom 0.25% 10 040%[te company boi » Goverament owned Non Bark Francia Company exempt fom th RBI dretions relating to Prodan Norms and] tess own prudential norms approve by the Mins of Power (MoP), Govt of Indi (Gol. RL has directed the Company, ide islet dated 25.07.2013, to take steps to comply with RB's Prudential Norms by 31032016 excep cect concentration norms and Restructuring / eschedulersent/Renegattion(R//R) norms for which thas sued separate dectons. For cet concentration norms, RBI vide its otter dated 03.04.2014, has alowed exemption in respect of exposure to Central State Government] lentes til 31.03.2016 For RRR norms, RB hat seized the Company to flow the instructions contained in RL circular ONBS.CO.PO.No. 367/03. 10.01/2013-14 date} 123012016, vide letter dated 03.04.2018. The mater regrdng aplcbity of RAs R/R/R norms was taken up with RB. In this regard, RB |e ts eter dated 11.06.2014 has allowed exemption Tram application afi restructuring norms for Transmission & Distribution, Renovation “Modernization and Life Extension projets and also the hyo project in Himalayan region o affected by natural esastrs fora period of 3 years Le. ti31.03 2017 Further, fr new project loans to generating companies estrctired we 01.04.2015, the provisioning requirement woud be 5% and for stock of such outstanding loans 35 on 31032015 tal generating compares, the provisioning shall commence wit a provision of 2.75% with effec frm 3.032015 ad reaching 5X by 31.03 2018, This provson sin ation othe provision for diminution in far value [The Company wide its letter dated 03.07 2024 has communicated the manner oft implementation to ROL, further reiterated vide Company's) eter dated 27112034, inter i stating that all new projec loans Sanctioned with effect fom 0.04 2015 to generating companies would be [regulated by Rt norms on RYR/R Bl vide its eter dated Ot 02.2015 has informed thatthe Company/s request is under examination Pending decision by RBI regarding implementation of R/RIR norms, the Company Is fallowing is own nocms read with the manner of implementation a5 stated above. During FY 2015-16, the Company is required 1 make ational provision on qualifying RIN Ioan assets by 0.75% Le. fom 2.75% to 3.50%. The lenhanced provision has been made in 1 FY 2025-16 andthe sams Being maintained. The sid proviion hasbeen futher enhanced uring the] [arent quarter by 0.75% Le rom 3.50% to 425% which was requited during FY 2016-17. Accordingly, a provision of € 248.73 cove has ben] made during the quarter ended 31.12.2015 (corresponding quarter of previous year ® 146.24 crore}. A provision of € 461.77 croe hasbeen made during the nine months ended 3112-2015 (corresponding period of previous year ¥ 361.55 crore. The qualifying R/R/A loans outstanding [as on 31.12.2015 amount to € 21,905.03 crore in private Sector and ® 2,241.08 ore in Govt. Sector F 20,5241 crore in private sector and Nil In Govt. Sector as on 31.03.2015), in respect to RB directions on ast dasication dated 3006 2015 and 10122015, Company's rodent norms have been stably amended i line wth ticular DNBR (PD) CC No, 007/03 10.001/201415 dated 10.11.2014. For operationalsation of these rections, the Company ha communicated is plan to RB vide letters dated 13.08.2015 and 13.01.2016, which interaia provides that loan asets excluding lease ase] loustanding as on 31.03.2016 and overdve for S months or more wil be clasied at Non Performing Asse (NPA. Accordingly, the addtional prousion, any, wil be accounted tthe yor end During the carent quarter Jharihand ine Power Limited wholly owned subsdary company hasbeen incorporated for developing Ura Mess Power Project inthe state of harkhand,Eauty ifurion nthe subir companys yet to be made. Ihe Company amorizes exchange aferences on long tem foreign curenay monetary Kem over their tenure. Consequently a5 on 34.12.2015 the unamortied debt balance under Faregn Currency Monetary item Trenton Oiffrence Account (FCMITOA) is 653.87 core (a5 on 51.03.2015 debi balance of 38056 core) The Company pid isl dividend © 6X onthe pas up eau capital, € O60) per equity Shae of 10) each aouting to € 79220 core oj ine Fv 2016-15 on 08.10.2015, The total dividend pid forthe FY 2014-15 amounted to 9.10 per equity share of 10/- each, Ihe Board of Bvecorsinthev 341% meeting Held on 1612 2015 declared interim vided @ BBW on the pid up equity capt Le.€&O/- pe lequty share of 1/- each amounting to 8116164 crore forthe FY 2015-16. The said intern cidend was paid on 04.01.2016. |e Board of Decors in thei 343rd meeting held on 0802 206 has declared second item dividend @ 45% onthe paid uo equity capa Ia 0y- per equity share of € 20/- each amounting to % 59402 crore forthe FY 2015-26. The dividend wil be paid on 24.02 2016 to thos] |rarenoler whose names appear in the Register of Members (physical / electronic form) ofthe Company as onthe Record date» 17.02.2016, [Accordingly total interim dnd declared for FY 2015.16 stand at 133% of the pid up equity capital Le. € 1330 par equty share of € 10 ach” [he Company has made pubic sve of 7000000 numberof Tax Free bonds a face value of € 1,000/ each agarepating to € 700 crore The bonds were allotted on 17.10.2015 and were sted onthe Bombay Stock Exchange (BSE) on 20.10.2015, The proceeds ofthe bond issue ha ben uized forthe purpose mentioned in the offer document. 0 [The Compan/’s main business is to provide finance for power sector. As such, there iso other separate reportable segment as per the [Accounting Standard 17-"Segment Reporting sued by thelstitute of Chartered Accountants find Figures for the quarter ended 31122015 are the Balancing figures between unaudited figures fr the vine months ended 31.12.2035 and aust figres forthe half yor ended 30.03.2015, Fares forthe previous period Rave been regrouped / reclaafid wherever necessary, to con to cutventpeied csseation vere MK. coe. Chairman & Managing Oiector ‘IN 00239613 New Delhi 09.02.2016M/s MK. Aggarwal 8. Co. M/s K.B. Chandna & Co. Chartered Accountants, Chartered Accountants, +30, Nishant Kuni, E-27, South Extension Pitampura, Part tt New Delhi- 110034 New Delhi -110049 Ph no, 011 26252762 LIMITED REVIEW REPORT TO THE BOARD OF DIRECTORS OF POWER FINANCE CORPORATION LIMITED We have reviewed the accompanying statement of unaudited financial results of Power Finance Corporation Limited (the “Company” for the quarter and nine months ended 31st December, 2015. Management is responsible for the preparation and fair presentation of this statement and the same has been approved by the Board of Directors. Our responsibility is to express a conclusion on this interim financial information based on our review. We conducted our review in accordance with Standard on Review Engagements (SRE) 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity” issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the interim financial information is free of material misstatement. A review is limited primarily to inquiries of company personnel and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited financial results prepared in accordance with recognition and measurement principles laid down in Accounting Standard 25 “Interim Financial Reporting’, specified under section 133 of the Companies Act, 2013, read with rules 7 of the Companies (Accounts) Rules, 2014 and other recognised accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material statements. For M.K. AGGARWAL & CO. For K. B. CHANDNA & CO. Chartered Accountants, Chartered Accountants, Firm Registration No. 01411N- Firm Registration No. 00862N by the hand of by the hand of. 4 Vo! CA ATULAGGARIM CA KB. Partner. 257 Partner ~~ Membership No. 099374 Membership No. 005495 Date: 09.02.2016 Place: New Delhi