KG SOMANI wwwekgsomani Ui Chartered Accountants eortnicn office@kgsomani.com INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF STANDALONE INTERIM FINANCIAL RESULTS To THE BOARD OF DIRECTORS PTC INDIA LIMITED 1. We have reviewed the accompanying Statement of Standalone Unaudited Financial Results and Notes to the Statement of Standalone Unaudited Financial Results of PTC INDIA LIMITED. (‘the company") for the quarter ended 30" June, 2016 ("the statement”), being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure requirements) Regulations, 2015, read with SEBI Circular No. CIR/CFD/CMD/15/2015 dated 30" November, 2015 and SEBI Circular No. CIR/CFD/FAC/62/2016 dated 5" July, 2016. This Statement which is the responsibility of the Company's Management and approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the indian Accounting Standard 34 “Interim Financial reporting” (ind AS 34), prescribed under section 133 of the Companies Act, 2013 read with relevant rules issued there under and other accounting principles generally accepted in India. Our responsibility is to issue a report on the Statement based on our review. 2. We conducted our review of the statement in accordance the 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 Statement is free from material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion. 3. Based on our review conducted as stated above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the aforesaid Indian Accounting Standards (Ind AS) and other accounting principles generally accepted in India has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI circular No. CIR/CFD/CMD/15/2015 dated 30" November, 2015 and SEBI circular No. CIR/CFD/FAC/62/2016 dated 5" July 2046, including the manner in which it is to be disclosed, or that it contains any material misstatements. For KG Somani & Co. Chartered Accountants Place: New Delhi Date: August 11, 2016 Bhuvnesh Maheshwari Partner Membership No. 088155 3/75, ASAF Ai ROAD NEW OTL Miss BO? Vel: 491-1123252225, 2327767PTC INDIA LIMITED “ered Office:2nd Floor, NBC Tower, 15 Bhikall Cama Place New Delhi - 110 066 (CIN : L4010SDL1989PLC099 Tel: 012- 41659500.41595100, 46484200, Fax: 011-41659144, E-mal: Info@ptcinala.com Website: STATEMENT OF STANDALONE FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2016 art (gates nes, uness therwiseinaeatesd ‘Quarter endes 5.0, [pariclars pooeans | 30082015 Turauaites)_| (unaudted) 1 [income fom operations a lincame tom erations Refer nate Ho. 6) songs] 5.13.80 tomer operating income (Refer Nte Na. 7&8) ane am [rxa income trom operaon seness | 39.892 2 Jpurehase agen | 3.0897 tomer operating expenses (Rater Note No. 76 8) oy sau Lematoye beret expenses ra ss omer exsenses oa s10 [rts expenses ssran | sass66 3 [rome rom operations bere ater income, mance cess and exceptlonal its (1-2), 720. 5.905 4 Jomerincane 197 003 5 —_|ronc ram erinary actives before mance costs and exceptional tems (344) naw 1048 7 frronetom ondinary scivtes ater finance coats ut before exceptional ems ($6) ena 7206 8 fexceptona tems Profit ils} on salo af fxd aaots 1 9 [prone rom ordinary sctivtes before be (7-8) 26 1207 bfoctered tox expantrerincomed ca ‘sl 21 [net forthe pes (9-10) 545 a5 12 [omer compenensve ncome a foms na wit rot be reclsstea te pronto oss ermoasurert of te ntfs tere iy ase os of [ros omer comprehensive income, ret of a) a 13 [Total comprehensive income fo he period (11432) sen same 24 |roie-upequty sharecaotal 79601 79601 race vaue of 20 per stare) 15 [eaminge per share ot annuatzecd ° ovuces 191 hoo Tien Units af letieky Sele Tan Tove Sve accompanying noes to the facil estsSSELECT INFORMATION FOR THE QUARTER ENDED |UNE30, 2016 (Piguresin€ Lacs, unless aterwine nated) fave ‘Grater ended Percuars wpeaei6 | 3006700 Tur-pusites) | Tunaudeed PARTICOCARS OF SHARSIOLSING 1 frunicstarerating 2 [promoters and promoter group shareltings ure of shee ni we Percentage of share (25% of he ttl share apt ofthe company) on ws umber stares ‘490,00,000 | 4,9,00,00 pcg ore tsa at tt sarnalingat poms ant pomster 088) 300.90 00.00 Dercentage of shes os 1 of he Hat shore capita fe conan 1677 1672 Remaining vrasaves atte ed ofthe quater Scho, aries [Guar Encea 3008706 3 [NVESTOR COMPAS pending a he weginicg of he quarter bisposee oraurng tre quarter » Notes: 1, The ornpany has presented forthe fat ire final onus Financ results forthe comporative pesous pers have aso ber aesented in accorere wit ina MS. ‘nde Js wo foescption sangatns ‘arene nde eal 2 |adustments on accouet of, 2 [hneeasein value of ua! ngs on flr wariton es a [itessincormon fncelese on acutat ie cts terion frac ine once a 4 |rarcnasesslustment on aezount of embedded eases 2160s © |saiesadistment on account ot embactos eases «12505] 4 [penta income on account embedded laces sv 2 |rertat expenses on acount of embedded leases sor] fortes el 1 oeteee te ineact on above aeustrons v 1 frceui ossiga on metoyee berets 2 3 |et ror tor tne quarter end june 2035 3 perind AS sar 4 loner comprenensive income ‘a [Petuta sega en ompoyee bona (Net ot seteroa 7 ext 5 [fart comorehensve come forte querer ending on tara 30.2015 a perind AS " Reconsitation of Statement of Profit ané ss as proviusy reported under GAAP te ns A 6 given Bs uncer rer indian Accounting Standards nd AS) orm Ap, 2006.10 ‘The Company adopted Indian Accounting Standards ("ind AS") and accordingly the financial results forall periods presented have been prepared in accordance with the recognition and measurement principles laid down in the Ind AS 24 interim Financial Reporting prescribed under Section 133 of the Companies Act, 2013 read with the relevant “ules issued thereunder and the other accounting principles generally accepted in India. The date of transition to ind AS is Apri 1, 2015. There is a oseibilty that these quarterly financial results may require adjustment before constituting the final Ind AS financial statements as of and for the year ending March 31, 2017 due to changes in financial reporting requirements arising from new oF revised Standards or interpretations issued by Ministry of Corporate Affairs ar changes In the use of one or more optional exemptions from ful retrospective application of certain nd AS as permitted under Ind AS 101 ‘The Statement does not Include Ind AS-compliant results for the preceding quarter and previous year ended March 31, 2016 as the same are not mandatory as per SE's circular dated July 5, 2016 The above financiat results were reviewed and recommended by the Audit Committee and approved by the Soard of Directors at its Meetings held on August 11, 2016, The Statutory Ausitors have carried out a Limited Review of the Financial results of the quarter ‘ended june 30, 2015 and June 30, 2016 as required under Regulation 33 of the SEB (Listing ‘Obligations and Disclosure Requirements) Regulations, 2015. Income from operation of the company includes sale of electricity and service charges. In accordance with the accounting policy, the surcherge recoverable on late non-payment of dues by customers is recognized when no significant uncertainty as t measurability o* collectability exist, Correspondingly surcharge liabilities on late/ non-payments to the suppliers, in view of the matching concept. #5 not being recognized ia the accounts. The estimated liability in this regard, however is lower than the company’s claims from its sundry debtors, ‘The company has recognlzed surcharge of ¥ 1812 lacs during the quarter (for the corresponding quarter ended June 20, 2015, € 268 lacs) from sundry debtors on amounts overdue on sole of power lahich has been included in “ether operating income". Correspondingly surcharge expense of 7 12156 lacs during the quarter (fer the carresponding quarter ended june 30, 2015, NIL lacs) paid / payable to Sundry Creditors has been included in "other operating expenses The company is engaged in the business of power which in context of Ind AS 108- “Operating Segments", is considered as the operating segment of the company, Sere Place: New Delhi (Deepak Amitabh) Date: August 21, 2016 Chairman & Managing Director ABI Py WAG a PTC JS & The Company has adopted Ind AS with effect trom April 1, 2016 with comperatives restated, be rane