PSP Projects Ltd. ISO 9001 : 2015, 14001 : 2015, 45001 : 2018

Certified Company

ovember12, 2019

Corporate[Relations][Department] BSE Limited

Floor 25, P.J. Towers, Dalal Street, Mumbai- 400 001 Scrip[code:][540544]

Listing Department

National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai - 400 051 Scrip Symbol: PSPPROJECT

Dear Sir/Madam,

Subject: Corporate Presentation

In termsof the provisions of Regulation 30 read with Regulation 46 (2) (0) of the Securities and Exchange Boardof India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended,pleasefind attached the corporate presentation of PSP Projects Limited.

The corporate presentation shall also be made available on our website under the ‘Investor Information’ section of the ‘Investors’ tab and can be downloaded from thelink below:

(https://www.pspprojects.com/wp-content/uploads/2018/04/PSP-Corporate-Presentation.pdf)

Kindly take the same on yourrecord.

Thanking You,

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For PSP Projects Limited
4
mittalt [Christachary] —
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Company Secretary and Compliance Officer

Encl.: As mentioned above.

‘PSP House’, Opp. Celesta Courtyard, Opp.[Lane] of Vikramnagar Colony, ISCON -[Ambali] Road,[Anmedabad-380][058.] Phone : 079 - 2693 6200, 2693 6300, 2693 6400 | Fax No. : 079 - 2693 6500 | Email : [email protected] | URL : www.pspprojects.com CIN : L45201GJ2008PLC054868

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PSP PROJECTS LIMITED Corporate Presentation November 2019

Safe Harbor Statement

This document does not constitute or form part of and should not be construed as an offer to sell or issue or the solicitation of an offer to buy or acquire securities of the Company or any of its subsidiaries or its joint ventures or affiliates in any jurisdiction or as an inducement to enter into investment activity. No part of this document, nor the fact of its distribution, should form the basis of, or be relied on in connection with, any contract or commitment or investment decision whatsoever. This document is not financial, legal, tax or other product advice.

This document has been prepared by the Company based on information available to them for use at a non-deal road show presentation by the Company for selected recipients for information purposes only and does not constitute a recommendation regarding any securities of the Company or any of its subsidiaries or its joint ventures or affiliates. The information has not been independently verified. No representation, warranty, guarantee or undertaking (express or implied) is made as to, and no reliance should be placed on, the accuracy, completeness or correctness of any information, including any estimates, targets and opinions, contained herein, and no liability whatsoever is accepted as to any errors, omissions or misstatements contained herein and, accordingly, none of the Company, its advisors and representative and any of its or their affiliates, officers, directors, employees or agents, and anyone acting on behalf of such persons accepts any responsibility or liability whatsoever, in negligence or otherwise, arising directly or indirectly from this document or its contents or otherwise arising in connection therewith.

The Company may alter, modify or otherwise change in any manner the contents of this document, without obligation to notify any persons of such change or changes.

This document contains certain supplemental measures of performance and liquidity that are not required by or presented in accordance with Indian Accounting Standards or Indian GAAP, and should not be considered an alternative to profit, operating revenue or any other performance measures derived in accordance with Indian Accounting Standards or Indian GAAP or an alternative to cash flow from operations as a measure of liquidity of the Company. The statements contained in this document speak only as at the date as of which they are made, and the Company expressly disclaims any obligation or undertaking to supplement, amend or disseminate any updates or revisions to any statements contained herein to reflect any change in events, conditions or circumstances on which any such statements are based. By preparing this presentation, none of the Company, its management, and their respective advisers undertakes any obligation to provide the recipient with access to any additional information or to update this presentation or any additional information or to correct any inaccuracies in any such information which may become apparent.

This presentation is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration.

This presentation contains forward-looking statements based on the currently held beliefs and assumptions of the management of the Company, which are expressed in good faith and, in their opinion, reasonable. Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, financial condition, performance, or achievements of the Company or industry results, to differ materially from the results, financial condition, performance or achievements expressed or implied by such forward-looking statements. Given these risks, uncertainties and other factors, recipients of this document are cautioned not to place undue reliance on these forward-looking statements.

By accessing this presentation, you accept that this disclaimer and any claims arising out of the use of the information from this presentation shall be governed by the laws of India and only the courts in Ahmedabad, Gujarat, India and no other courts, shall have jurisdiction over the same.

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PSP Projects Limited | A Snapshot

Incorporated in August 2008, PSP Projects Limited is a construction company offering a diversified range of construction and allied services
One-Stop-Shop solution providing planning and design to construction and post-construction solutions
Proven track record in delivering on-time and quality projects across diverse industry segments and projects
Leveraging technology and best industry practices
Focus on industrial, institutional and high profile government projects
Long-standing relationships with customers who have provided repeat business

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12
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130 Projects completed*

Years of existence

Promoter has over 22 years of experience in the industry
Consolidated Financials : H1 FY20 (Rs. Lakhs)| Revenue : INR 61,980; EBITDA : INR 8,584; PAT : INR 5,774

48 Projects under execution*

3,19,087 (Rs. Lakhs) Order book*

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*As on September 30[th] , 2019

Our Journey at a Glance

2008 August 2009 April 2009 December 2010 May 2011 January 2011 December Incorporation Acquired business Awarded project Awarded project Awarded order to Awarded project of BPC Projects to construct for work for construct 72 for construction of Medical College Beautification of Meter High CM’s office & Hospital for riverfront Hospital, Leading Medical Ahmedabad Socitey, Ahmedabad 2011 2014 March 2014 2017 January 2017 May 2017 October SAP Started design & P.S.Patel (CMD) Participated in PSP Projects Listed Awarded a large Implementation build project for profiled In Vibrant Gujarat on NSE & BSE project by Affordable “Business Game Global Trade leading Diamond Housing in Changers - Show 2017 association in Ahmedabad Shoonya Se Surat Shikhar” Book 2018 October 2018 December 2019 September 2019 October 2019 October "Top Challengers” Most Respected Fastest Growing “Company of the “Second Fastest Award - Entrepreneur Construction & year - Real Growing Engineering Construction Construction Award Estate” by ZEE company by CREDAI Company in Small World Global (Construction) to Business at Dare during CREDAI’s Category” & "Top Awards 2018 Shri P.S. Patel by to Dream Awards Gujarat Growth Challengers” Awards Hurun Report Ambassadors - Construction World India Summit, 2019 Global Awards 2019

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OUR KEY STRENGTHS

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Our Key Strengths

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Track Record of Successful Project Execution Robust Order Book and Growing Pre-qualification Credentials Long-standing Relationships with Customers, providing Repeat Business One-stop-shop Solution from Planning to Design to Construction to Fit Out Backed by Investments in Hard and Soft Infrastructure Promoter with Several Decades of Experience, Supported by Experienced Professionals Robust Financial Performance and Financial Strength

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Strong Track Record of Successful Project Execution (1/2)

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. Projects Completed
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21
19
10 10
2016-17 2017-18 2018-19 H1 FY20
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Frugal cost Active promoter
structure; involvement;
enhanced enhanced client
competitiveness assurance
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Track record of Large and
timely project multiple project
completion management
capability
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Strong Track Record of Successful Project Execution (2/2)

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Industrial Projects Institutional Projects Government Projects Government Residential Residential Projects Projects Construction of industrial buildings Construction of buildings for Focus only on prestigious Construction of buildings for Group for Pharmaceutical, Food Hospitals and Healthcare services, government projects Execution of prestigious Housing and Townships Processing, Engineering as well as Educational Institutes, Malls, government affordable residential Construction of Independent other manufacturing facilities Hospitality services and Corporate projects Residences for select private Offices customers Design-build of affordable high-rise Executed projects including CM’s Constructed industrial facilities for Constructed several Hospitals residential buildings cum Office, Riverfront Development Pharmaceuticals Cos., Tyre Co. across Gujarat, Commercial commercial under the Mukhya project, Renovation of Dairy Cos., Engineering Co., etc. Projects at GIFT City, Educational & Mantri GRUH Yojana Vidhansabha Building Hostel building for Leading Education Institutes; etc. Number of Projects Number of Projects Number of Projects Completed - 52 Number of Projects Completed - 45 Number of Projects Completed - 21 Completed - 2 Completed - 10

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Robust Order Book and Growing Pre-Qualification Credentials

Growing Order Book (INR Lakh)

Category Wise

Geographical

Work on Hand - Rs. 3,19,087 Lakhs|Sep-30, 2019

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3,19,087
2,97,807
2,55,905
72,917
2016-17 2017-18 2018-19 H1 2019-20
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Growing Order Book (#. of Projects)

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48
46
34
27
2016-17 2017-18 2018-19 H1 FY20
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0.53% 2.14%
3.28%
63.82% 4.96% 23.71%
73.62%
23.80%
4.14%
Government Govt Residential
Gujarat Karnataka
Industrial Institutional
Rajasthan Maharashtra
Residential
4.73%
7.16% 0.77% [3.08%]
34.20%
47.81%
34.33%
61.95%
5.97%
Work on Hand Rs. 2,21,193 Lakhs | Sep-30, 2019 (Excl. Surat Diamond Bourse)
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Clientele with High Quality Business

Work on Hand September 30, 2019 - (Major Projects) | [Rs. in Lakhs]

Description of Project	Location	Name of the Client	Total Contract Value	Outstanding Contract Value
Surat Diamond Bourse Main Contract Works, Surat, Gujarat	Surat, Gujarat	SDB Diamond Bourse	1,57,500	97,904
EWS Housing Project at Maharashtra	Maharashtra	Municipal Corporation	60,140	60,140
IIM AHMEDABAD, Gujarat	Ahmedabad, Gujarat	Indian Institute of Management	32,801	30,045
Affordable Housing Project at Pandharpur, Maharashtra	Pandharpur, Maharashtra	Pandharpur Municipal Corporation	15,755	15,507
Medical College and Hospital in Gujarat	Gujarat	Medical Foundation	22,500	13,462
Multi-tenanted office for DSCCSL at GIFT City, Gujarat	Gandhinagar, Gujarat	Dalal Street Commercial Cooperative Society Ltd. (DSCCSL)	13,050	11,136
Zydus Hospital at Baroda, Gujarat	Vadodara, Gujarat	Zydus Hospitals & Healthcare Research Pvt. Ltd.	10,691	10,160
Phoenix Mall at Thaltej, Ahmedabad, Gujarat	Ahmedabad, Gujarat	SGH Realty LLP	9,909	8,926
Residential Complex at Gujarat for a Pharma Company	Gujarat	Pharma Company	8,268	8,268
Hospital Project at Gujarat on Lump Sum Turnkey Basis (EPC Mode)	Gujarat	Corporate Foundation	7,735	7,735
Super specialty Block of Medical College	Gujarat	Government - PSU	7,860	6,079
Corporate House at Ahmedabad, Gujarat	Ahmedabad, Gujarat	Private Company	5,470	4,421

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One-Stop-Shop Solution

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Extended to
Commenced Further Working with
Mechanical,
as Civil Extension to Design Firms &
Engineering &
Construction Interior & O&M MEP
Plumbing
contractor Services Consultants
(MEP)
Providing Complete Solution – Design to Construction to Fit Out
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Promoter & Key Managerial Personnel with Several Decades of Experience

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Prahaladbhai Shivrambhai Patel

Chairman, Managing Director & CEO

First Generation Entrepreneur and has experience of over 22 years in the Construction Industry

Holds bachelor’s degree in civil engineering
Featured in book “Business Game Changer: Shoonya Se Shikhar” by Prakash Biyani and Kamlesh Maheshwari
Received “The Dena Bank Hercules Award” by Gujarat Innovation Society for Innovation and Quality in India’s Construction and Infrastructure Sector
Awarded “Most Respected Entrepreneur Award (Construction)” by Hurun Report India

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Mahesh Patel

Vice President - Operations

He has been with the company since inception
Holds a diploma in civil engineering

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Maulik Patel

Director - Procurement

Associated with company since company’s establishment
Attended the course for bachelor’s degree in commerce

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Ably Supported by Experienced Professionals (1/2)

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• Pooja Patel is the Executive • Hetal Patel is the Chief • Pratik Thakkar is General • Mittali Christachary is the - Director of our company Financial Officer of our Manager Business Company Secretary and • Bachelor’s degree in civil company Development of our Compliance Officer of our engineering from Gujarat • Member of the Institute of company company Technological University and Chartered Accountants of • Attended the course for • Associate member of the post-graduate diploma in India and holds a masters bachelor’s degree in Institute of company financial management from degree in commerce from commerce and diploma in Secretaries of India (ICSI) Ahmedabad Management Gujarat University marketing management • Holds a bachelor’s degree in Association • Also a certified internal • Experience in Business commerce and a bachelor’s • Actively involved in the auditor from the Institute of Development degree in law from Gujarat execution of the projects for Internal Auditors • Associated with our University past 5 years and is presently • Experience in accounts and company for past 5 years • 4 years of experience in all looking after the Surat finance Company Secretarial functions Diamond Bourse Project • With our company for past 6 and Compliances • Represented our company at years the Indian Concrete Institute Chapter-1, Ahmedabad

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Ably Supported by Experienced Professionals (2/2)

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Ramjibhai Parmar is the • Dhananjay Mori is Manager – • Sanjay Kumar Rai is the Senior • Pushpesh Singh is Manager – -
General Manger Tender of Human Resources at our SAP/IT Manager at our Contracts of our company our company company company • Bachelor’s degree in civil
• Diploma in civil engineering • Hold a bachelor’s degree in • Attended the course for engineering from Gujarat • Associated with our company commerce from Saurastra bachelor’s degree in science University for over 7 Years University and a master’s from Ch. Charan Singh • 10 years of experience in degree in human resource University (Meerut) and construction industry management from Gujarat completed honours diploma • 8 years of experience with Vidyapith in computer from NIIT Larsen & Toubro
• 11 years of experience in • Experience in IT and SAP human resource function support across
- 10 years of experience in construction industry
Experience in IT and SAP support across Packing, Chemical, Textile, Steel and Automobile industry
Working with our company October 2018

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Financial Snapshot (Consolidated)

Result Summary Q2 FY20 (Rs. Lakhs)

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Revenue from Operations EBITDA PAT
4,281 3,247
31,211
47.2% 2,886
21,206
48.3% 86.9%
1,737
Q2 FY19 Q2 FY20 Q2 FY19 Q2 FY20 Q2 FY19 Q2 FY20
Revenue from Operations - Operating Cost
Result Summary H1 FY20 (Rs. Lakhs)
Revenue from Operations EBITDA PAT
8,584
61,980
5,774
6,228
45,028 37.6%
37.8% 3,844 50.2%
H1 FY19 H1 FY20 H1 FY19 H1 FY20 H1 FY19 H1 FY20
Revenue from Operations - Operating Cost
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FY2017 financials are IGAAP, rest of the financials are as per Ind AS

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Business Robustness in Numbers (Consolidated)

Revenue from Operations (Rs. Lakhs) #CAGR – 53.7%

EBITDA (Rs. Lakhs) #CAGR – 48.8%

PAT (Rs. Lakhs) #CAGR – 46.7%

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1,05,041
14,856
75,165
8,917
61,980
10,450
6,597
44,478 8,584 5,774
6,709
4,143
FY17 FY18 FY19 H1 FY20 FY17 FY18 FY19 H1 FY20 FY17 FY18 FY19 H1 FY20
Revenue from Operations - Operating Cost
EBITDA margin% PAT margin%
15.1%
9.1%
9.0%
14.1%
8.6%
13.9% 13.8%
8.3%
FY17 FY18 FY19 H1 FY20 FY17 FY18 FY19 H1 FY20
EBITDA / Revenue from Operations Profit After Tax / Total Revenue
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Till 30[th] Sept 2019

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CAGR based on three years completing on 31.03.2019 (FY 19) FY2017 financials are IGAAP, rest of the financials are as per Ind AS

Business Robustness in Numbers (Consolidated)

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Debtors (Days) Inventory (Days) Payable (Days)
61.8
61.0
60.0 34.1
55.3
51.4 50.6 51.3
47.8
26.1
16.4
3.0
FY17 FY18 FY19 H1 FY20 FY17 FY18 FY19 H1 FY20 FY17 FY18 FY19 H1 FY20
Trade Receivable / Revenue from
Inventory / Revenue from Operations * 365 Trade Payables / Revenue from Operations
Operations * 365 Days (182.5 Days for Half
Days (182.5 Days for Half Year) * 365 Days (182.5 Days for Half Year)
Year)
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Till 30th Sept 2019

KEY STRATEGIES

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Key Strategies

Focus on Building Leverage our Enhance our construction position as a fastproject execution (commercial, growing capabilities “ residential, construction industrial & company in Building is institutional) Gujarat my passion Augment Expand our Strengthen our P.S. Patel , customer geographical human capital Chairman, Managing Director and CEO relationships and footprint, projects optimize our in Rajasthan, project mix Karnataka and Maharashtra

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Growing Geographical Foot Print – Locations for Current & Past Projects

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Gujarat Rajasthan
Gandhinagar
Ahmedabad
Vadodara Churu
Nadiad
Dahod Udaipur
Dahej
Bhavnagar
Dungarpur
Surat
Bhiwandi
BHIWANDI Mandya
Pandharpur
Kanakpura
New Delhi
Maharashtra Karnataka
Delhi
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Awards and Recognition (1/2)

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"Company of the Year - Construction" By Zee Business "Dare To Dream Awards"

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“Fastest Growing Construction & Engineering Company” by CREDAI during CREDAI’s Gujarat Growth Ambassadors Summit 2019

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“Second Fastest Growing Construction Company in Small Category ” & "Top Challengers Awards" By Construction World Global Awards 2019

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CSR Excellence Award for “Outstanding Contribution” by TV9 Gujarati

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Felicitation for Assembly Building at Sardar Bhavan Campus, Gujarat as "IGBC New Building - Gold"

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"Special Commendation for Building High Quality & Innovative Infrastructure" at CNBC Bajar Gujarat Real Estate Awards 2018-19

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Awards and Recognition (2/2)

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“Most Respected Entrepreneur Award - (Construction)” To Shri P.S. Patel by Hurun Report India 2018

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Award of Recognition at The Rising Leadership Awards

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“One of India’s Top Challengers of 2017-18” at Construction World Global Awards 2018

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“Quality Mark Award 2017” (Building & Construction Category) by Quality Mark Trust

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“Excellence in Delivery” For “The Signature By Hiranandani” By Realty Plus Excellence Awards (Gujarat) 2017

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“Affordable Housing Project of the Year for Mukhyamantri Gruh Yojna” at Realty Plus Conclave Excellence Awards (Gujarat) 2016

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“Dena Bank Hercules Award 2017” to Shri P. S. Patel

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Award by Gujarat Contractor Association during Gujarat Contractor’s Association Vibrant Summit & Awards 2016

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DETAILED FINANCIALS

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Sequential Quarterly Performance (Consolidated Financial) – Profit & Loss Statement

Q2FY20 Unaudited Consolidated Financial Results for the Quarter and Half Year ended September 30, 2019

Particulars (Rs. in Lakhs)	Q2 FY20	Q1 FY20	Q2 FY19	Q-o-Q	Y-o-Y	H1 FY 20	H1 FY 19	Y-o-Y
Revenue from Operations	31,211.32	30,768.27	21,206.14	1.4%	47.2%	61,979.59	45,028.18	37.6%
Cost of materials consumed including WIP	9,622.92	11,486.00	7,309.62			21,108.92	19,178.50
Construction Expenses	15,526.46	13,257.25	9,695.04			28,783.71	17,092.06
Employee benefits expense	1,461.74	1,379.84	1,078.64			2,841.58	2,078.96
Other expenses	319.42	341.87	237.20			661.29	451.16
Total Operating Expenses	26,930.54	26,464.96	18,320.50	1.8%	47.0%	53,395.50	38,800.68	37.6%
EBITDA	4,280.78	4,303.31	2,885.64	-0.5%	48.3%	8,584.09	6,227.50	37.8%
*EBITDA Margin (%)*	*13.7%*	*14.0%*	*13.6%*			*13.8%*	*13.8%*
Other Income	713.11	464.23	573.93			1,177.34	1,157.04
Finance costs	377.28	286.28	239.87			663.56	400.10
Depreciation	620.96	588.43	580.36			1,209.39	1,064.58
Profit Before Tax	3,995.65	3,892.83	2,639.34	2.6%	51.4%	7,888.48	5,919.86	33.3%
Tax Expense	749.47	1,364.77	910.61			2,114.24	2,084.27
Other comprehensive income	0.44	(0.20)	8.72			0.23	8.15
Profit After Tax	3,246.62	2,527.86	1,737.45	28.4%	86.9%	5,774.47	3,843.73	50.2%
*PAT Margin (%)*	*10.2%*	*8.1%*	*8.0%*			*9.1%*	*8.3%*
EPS (INR)	9.03	7.04	5.85			16.07	10.67

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Annual Financial Performance (Consolidated) – Profit & Loss Statement

Particulars (Rs. in Lakhs)	Year ended March 31, 2017	Year ended March 31, 2018	Year ended March 31, 2019	Six Months ended Sept 30, 2019
Revenue from Operations	44,477.83	75,164.69	1,05,040.66	61,979.59
Other Income	1,343.44	1,872.20	2,283.92	1,177.34
Total Income	45,821.27	77,036.89	1,07,324.58	63,156.93
Cost of Construction Material Consumed	14,970.63	29,963.28	43,369.90	23,886.70
Changes in Inventories of Work-in-Progress	639.70	(1,025.42)	(1,791.48)	(2,777.78)
Construction Expenses	19,045.57	32,019.83	43,272.51	28,783.71
Employee Benefits Expense	2,083.49	2,861.55	4,321.26	2,841.58
Finance Costs	794.64	929.73	967.39	663.56
Depreciation and Amortization Expenses	791.77	1,147.86	2,430.17	1,209.39
Other Expenses	1,028.97	895.34	1,012.33	661.29
Total Expenses	39,354.77	66,792.17	93,582.08	55,268.45
EBITDA*	6,709.47	10,450.11	14,856.14	8,584.09
*Margin (%)*	*15.1%*	*13.9%*	*14.1%*	*13.8%*
Profit Before Tax	6,466.50	10,244.72	13,742.50	7,888.48
Tax Expense	2,305.16	3,644.83	4,821.49	2,114.24
Profit for the Period (Before OCI)	4,161.34	6,599.89	8,921.01	5,774.24
Other Comprehensive Income	(18.55)	(3.28)	(4.23)	0.23
Total Comprehensive Income	4,142.79	6,596.61	8,916.78	5774.47
*Margins %*	*9.0%*	*8.6%*	*8.3%*	*9.1%*
EPS - Basic and Diluted	14.41	18.78	24.84	16.07#

*Revenue from Operations – Total Expenses + Finance Costs

Depreciation and Amortization Expenses

Not Annualised

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Annual Financial Performance (Consolidated) – Balance Sheet (1/2)

		Particulars (Rs. in Lakhs) As at March 31, 2017 As at March 31, 2018 As at March 31, 2019 As at Sept 30, 2019 (Unaudited)
		ASSETS
		Non-current Assets
		Property, Plant and Equipment 5,158.53 7,735.64 10,214.79 9,878.50
		Capital Work-in-Progress - 176.31 - 94.80
		Other Intangible Assets 51.53 72.47 103.65 107.06
		Investments 382.44 65.68 49.59 65.68
		Loans 1,555.84 1,794.78 2,282.31 2508.96
		Other Financial Assets 4,365.48 6,391.06 5,887.95 10,002.71
		Deferred Tax Asset(Net) 283.26 279.73 592.13 585.58
		Other Non-current Assets 289.20 963.45 211.77 43.87
		Total Non-current Assets 12,086.28 17,479.12 19,342.19 23,287.16
		Current Assets
		Inventories 360.83 3,381.26 7,500.17 11,591.00
		Investments 1,408.15 1,511.78 - -
		Trade receivables 5,827.76 12,346.31 14,788.52 17,178.71
		Cash and Cash Equivalents 3,408.51 6,162.42 3,554.82 13,716.41
		Bank Balances other than above 7,257.62 16,632.66 18,665.61 8,476.71
		Loans 33.14 417.83 1,078.28 1,123.55
		Other Financial Assets 1,367.55 1,619.25 5,576.34 6,719.63
		Other Current Assets 1,004.03 342.38 2,883.46 3,671.49
		Current Tax Assets 58.10 79.60 102.69 180.45
		Total Current Assets 20,725.69 42,493.49 54,149.89 62,657.95
		Total Assets 32,811.97 59,972.61 73,492.08 85,945.11

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Annual Financial Performance (Consolidated) – Balance Sheet (2/2)

	Particulars (Rs. in Lakhs) As at March 31, 2017 As at March 31, 2018 As at March 31, 2019 As at Sept 30, 2019 (Unaudited)
	Equity
	EquityShare Capital 2,880.00 3,600.00 3,600.00 3,600.00
	Other Equity 7,586.64 26,541.23 33,330.71 36,943.25
	Equity Attributable to Owners 10,466.64 30,141.23 36,930.71 40,543.25
	Non-ControllingInterests 60.08 107.56 85.37 74.48
	Total Equity 10,526.72 30,248.79 37,016.08 40,617.73
	Liabilities
	Non-current Liabilities
	Borrowings 336.37 168.49 40.87 21.78
	Provisions 93.04 - - -
	Total Non-current Liabilities 429.41 168.49 40.87 21.78
	Current Liabilities
	Borrowings 6,973.34 2,640.95 2,938.27 7,507.68
	Trade Payables 7,435.39 12,716.59 15,914.09 17,421.99
	Other Financial Liabilities 731.59 819.00 1,172.27 3,331.38
	Other Current Liabilities 5,531.84 12,650.82 15,339.17 16,952.96
	Provisions 5.66 59.58 31.36 91.59
	Current Tax Liabilities 1,178.02 668.39 1,039.97 -
	Total Current Liabilities 21,855.84 29,555.33 36,435.13 45,305.60
	Total Liabilities 22,285.25 29,723.82 36,476.00 45,327.38
	Total Equity and Liabilities 32,811.97 59,972.61 73,492.08 85,945.11

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