HDIL FY15 Net Profit at Rs. 218.73 Crore, up 23.19%

Key Business Highlights:

Turnover

• For the year FY15, consolidated turnover remains at Rs. 1083.12 crore representing an increase of 13.58%

• Standalone turnover for the year is at Rs. 1090.93 crore, registering a growth of 16%

• Company follows Project completion method of accounting and accordingly results on QoQ basis cannot be compared

• For the quarter ended on 31^st March 2015, consolidated turnover stands at Rs. 162.68 crore and standalone turnover is at Rs. 153.39 crore

• During the quarter, the company booked the turnover from retail property Harmony located in Mumbai suburb Goregoan

Profitability

• Consolidated PAT for FY2015 stands at Rs. 218.73 crore, an increase of 23.19% on YoY basis

• Standalone PAT for the year ending March 2015 is at Rs. 226.33 as against Rs. 244.84 in the previous year

• For the quarter ending 31^st March 2015, consolidated PAT stands at Rs. 31.96 crore and standalone  PAT remains at Rs. 33.44 crore

• For the quarter ended on 31^st March 2014, other income includes Rs. 44 crore on account of sale of HDIL Leisure and PAT includes Rs. 35.63 crore on account of revision of income tax provision. Hence results on QoQ basis may not be comparable

Sales and Customer collection

• For the quarter ended March 2015, new residential sales crossed  Rs 400 crore, representing 100% growth on YoY basis

• Customer collection during the quarter stands at approx. Rs. 425 crore                                                                                                                                  

EBITDA and Operations

• Consolidated EBITDA for the quarter ended on 31^st March 2015 stands at 35.86% as against 27.25% in Q4FY14

• For Q4FY15, consolidated cash flow from operations is at Rs. 277 crore as compared to Rs. 246 crore in Q3FY15, an increase of 12%

Debt

• Consolidated Net debt for the year ended March 2015 remains at Rs. 2942 crore, a decline of 10.41% as compare to Rs. 3284 in the previous year

TDR

• During the current quarter, the company has started hand over of approx. 1700 apartments of SRA project located in Kurla to the Government of Maharashtra

• Around 2 million sq. ft TDR generation is expected during the current financial year which will boost operating cash flow

Housing Development and Infrastructure Limited (HDIL), one of the largest real estate companies in the country, has announced its results for Q4 and financial year ended 31^st March 2015.

Commenting on the results, Mr. Sarang Wadhawan, Vice Chairman & Managing Director, HDIL said “During the financial year 2014-15, our focus has remained on strong execution of ongoing projects and debt reduction. We have witnessed revival in the sector especially in affordable housing segment owing to factors like lower inflation, reduced interest rates and timely handover of projects. The sector outlook looks positive and HDIL is poised to grow significantly over the next 3-4 years.”

Housing Development and Infrastructure Limited (HDIL) has established itself as one of India’s premier real estate development companies, with significant operations in the Mumbai Metropolitan Region. With a land reserve of 243.99 million square feet as on 31^st March 2015, HDIL has about three decades of experience in the real estate & infrastructure domain having developed over 100 million sq. ft. area of commercial, residential and retail space.

The Company has been a major player in Mumbai Realty with 90% land Reserves in the Mumbai Metropolitan Region (MMR) and a market leader in Residential and SRA projects. For additional information, you may visit www.hdil.in

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