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@®
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|
psp |
ses
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gute
PSP Projects Ltd.
ISO 9001 : 2015, 14001 : 2015, 45001 : 2018
Certified Company
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Ref No: PSPPROJECT/SE/18/20-21

Corporate[Relations] Department BSE Limited

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

June 09, 2020

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: Investor Presentation[for the] quarter[and ] year[ended][March] 31,[2020]

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please[find][enclosed][herewith][the][Investor][Presentation][for][the] quarter[and] year[ended][March] 31,[2020.]

Kindly take the same[on] yourrecord.

Thanking[You,]

For PSP Projects Limited ~ Mi Company Secretary and Complianceofficer

‘

Encl: As 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 June 2020

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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143 Projects completed*

Years of existence

Promoter has over 22 years of experience in the industry
Consolidated Financials : FY20 (Rs. Lakhs)| Revenue : INR 1,52,343; EBITDA : INR 19,066; PAT : INR 12,818

Projects under execution*

3,07,356 (Rs. Lakhs) Order book*

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*As on March 31[st] , 2020

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 2020 January "Top Challengers” Most Respected Fastest Growing “Company of the “Second Fastest Operations started in Award - Entrepreneur Construction & year - Real Growing UP with prestigious Engineering Construction Project - Construction Award Estate” by ZEE company by CREDAI Company in Small Development of World Global (Construction) to during CREDAI’s Business at Dare Category” & "Top Kashi Vishwanath Awards 2018 Shri P.S. Patel by Gujarat Growth to Dream Awards Challengers” Awards Dham Hurun Report Ambassadors - Construction World India Summit, 2019 Global Awards 2019

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PROMINENT PROJECTS COMPLETED IN FY20

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COMMERCIAL BUILDING AT GIFT CITY

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BANGALORE MILK UNION DAIRY PLANT AT KANAKPURA,

KARNATAKA

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ZYDUS CORPORATE HOUSE AT AHMEDABAD

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GRAND MERCURY HOTEL AT GIFT CITY FOR BRIGADE GROUP

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PUNISKA HEALTHCARE PLANT

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MEDICAL COLLEGE AND HOSPITAL FOR DHARAMSINGH DESAI UNIVERSITY (DDU)

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PROMINENT PROJECTS

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GOVERNMENT OFFICE BUILDING

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ZYDUS HOSPITALS

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RIVER FRONT DEVELOPMENT

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DAIRY PROJECT

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HOSPITAL PROJECT

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AFFORDABLE HOUSING PROJECT

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BRIGADE INTERNATIONAL FINANCIAL CENTRE AT GIFT CITY

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GOVERNMENT PROJECT

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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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Frugal cost Active promoter
#. Projects Completed
structure; involvement;
23
enhanced enhanced client
21 competitiveness assurance
19
10
Track record of Large and
timely project multiple project
completion management
capability
2016-17 2017-18 2018-19 2019-20
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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 & Vidhansabha Building Mantri GRUH Yojana Hostel building for Leading Education Institutes; etc. Number of Projects Number of Projects Number of Projects Completed - 55 Number of Projects Completed - 53 Number of Projects Completed - 21 Completed - 3 Completed - 11

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Robust Order Book and Growing Pre-Qualification Credentials

Growing Order Book (INR Lakh)

Category Wise

Geographical

Work on Hand - Rs. 3,07,356 Lakhs|March-31, 2020

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3,07,356
2,97,807
2,55,905
72,917
2016-17 2017-18 2018-19 2019-20
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Growing Order Book (#. of Projects)

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46 47
34
27
2016-17 2017-18 2018-19 2019-20
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1.18% [1.43%] 24.20%
10.85%
62.34%
Gujarat Karnataka
Rajasthan Maharashtra
UP
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51.59%
2.71%
15.95%
5.55%
24.20%
Government Govt Residential
Industrial Institutional
Residential
3.39%
19.96%
39.41%
30.30%
6.94%
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30.30%
1.48% [1.78%]
13.58%
52.86%
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Work on Hand Rs. 2,45,527 Lakhs | March-31, 2020 (Excl. Surat Diamond Bourse)

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Clientele with High Quality Business

Work on Hand March 31, 2020 - (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	SDB DIAMOND BOURSE	1,57,500	61,829
EWS HOUSING PROJECT	BHIWANDI, MAHARASTRA	MUNICIPAL CORPORATION	60,140	60,140
DEVELOPMENT OF SHRI KASHI VISHWANATH DHAM	VARANASI, UP	PUBLIC WORKS DEPARTMENT	33,900	33,344
IIM AHMEDABAD	A’BAD, GUJARAT	INDIAN INSTITUTE OF MANAGEMENT	32,801	27,062
AFFORDABLE HOUSING PROJECT	PANDHARPUR, MAHARASTRA	PANDHARPUR MUNICIPAL CORPORATION	15,755	14,251
PHOENIX MALL	A’BAD, GUJARAT	SGH REALTY LLP	13,909	10,634
SABHA HALL & RESIDENTIAL COMPLEX	A’BAD, GUJARAT	A PRIVATE TRUST	10,460	10,460
ZYDUS HOSPITAL AT BARODA	BARODA, GUJARAT	ZYDUS HOSPITALS & HEALTHCARE RESEARCH PVT LTD.	10,691	9,587
MULTI-TENANTED OFFICE	GANDHINAGAR, GUJARAT	DALAL STREET COMMERCIAL COOPERATIVE SOCIETY LTD.	13,050	9,405
CIVIL/STRUCTURAL WORKS FOR FMCG COMPANY	A’BAD, GUJARAT	PRIVATE COMPANY	9,973	9,020
RESIDENTIAL COMPLEX FOR PHARMA COMPANY	DAHOD, GUJARAT	PHARMA COMPANY	7,893	7,392
CONSTRUCTION OF MEDICAL COLLEGE	DAHOD, GUJARAT	MEDICAL FOUNDATION	22,500	5,634
HOSPITAL ON LUMPSUM TURNKEY BASIS	SITAPUR, GUJARAT	CORPORATE FOUNDATION	7,739	5,598
SUPER SPECIALITY BLOCK OF MEDICAL COLLEGE	BHAVNAGAR, GUJARAT	GOVERNMENT PSU	7,860	4,641

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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 (2/2)

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Pooja Patel is the Executive Director of our company

Bachelor’s degree in civil engineering from Gujarat Technological University and post-graduate diploma in financial management from Ahmedabad Management Association Actively involved in the execution of the projects for past 5 years and is presently looking after the Surat Diamond Bourse Project Represented our company at the Indian Concrete Institute Chapter-1, Ahmedabad

Sagar Patel is the Executive Director of our company.

Bachelor’s degree in civil engineering from Gujarat Technological University. He is actively involved in functional areas including project planning, tendering, contracts, and execution.

Hetal Patel is the Chief Viplav Shah has recently Mittali Christachary is the Financial Officer of our joined the company and Company Secretary and company hold the position as Vice Compliance Officer of our Member of the Institute of President - Planning. company Chartered Accountants of Diploma in Construction Associate member of the India and holds a masters Technology from School of Institute of company degree in commerce from Building Science & Secretaries of India (ICSI) Gujarat University Technology (Currently CEPT Holds a bachelor’s degree Also a certified internal University) and in commerce and a Management Education auditor from the Institute of bachelor’s degree in law Program from IIM Internal Auditors from Gujarat University Ahmedabad. Experience in accounts and 4 years of experience in all He brings 23 years of finance Company Secretarial experience in the functions and Compliances With our company for past 6 construction field. years

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Ably Supported by Experienced Professionals (2/2)

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

10 years of experience in construction industry

Experience in Business Development

11 years of experience in human resource function

Experience in IT and SAP support across Packing, Chemical, Textile, Steel and Automobile industry

Associated with our company for past 5 years

Working with our company October 2018

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Financial Snapshot (Consolidated)

RESULT SUMMARY FY20 (RS. CR.)

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REVENUE FROM OPERATIONS EBITDA PAT
1499.26
128.18
190.66
1050.4
89.17
148.56
43% 28% 44%
FY19 FY20 FY19 FY20 FY19 FY20
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REVENUE FROM OPERATIONS

PSP PROJECTS PSP PROJECTS GDCL & PSP PSP PROJECTS & PROACTIVE LTD INC. JOINT VENTURE CONSTRUCTIONS PVT. LTD.

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Financial Snapshot (Consolidated)

RESULT SUMMARY Q4 FY20 (RS. CR.)

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EBITDA PAT
REVENUE FROM OPERATIONS
456.4 50.84 33.96
338.56
35% 2% 14%
50.08 29.73
Q4 FY19 Q4 FY20 Q4 FY19 Q4 FY20 Q4 FY19 Q4 FY20
Revenue from Operations - Operating Cost
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REVENUE FROM OPERATIONS

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Business Robustness in Numbers (Consolidated)

Revenue from Operations (Rs. Lakhs) #CAGR – 41.23%

EBITDA (Rs. Lakhs) #CAGR – 35.07%

PAT (Rs. Lakhs) #CAGR – 39.39%

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1,49,926
19,066
12,818
1,05,041 14,856
8,917
75,165 10,450
6,597
44,478 6,709
4,143
FY17 FY18 FY19 FY20 FY17 FY18 FY19 FY20 FY17 FY18 FY19 FY20
Revenue from Operations - Operating Cost
EBITDA margin% PAT margin%
15.1%
13.9% 14.1%
12.7%
9.0%
8.6%
8.4%
8.3%
FY17 FY18 FY19 FY20 FY17 FY18 FY19 FY20
EBITDA / Revenue from Operations Profit After Tax / Total Revenue
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CAGR based on three years completing on 31.03.2020 (FY 20) FY2017 financials are IGAAP, rest of the financials are as per Ind AS

Business Robustness in Numbers (Consolidated)

	Debtors (Days)	Debtors (Days)	Debtors (Days)		Inventory (Days)	Inventory (Days)	Inventory (Days)		Payable (Days)	Payable (Days)	Payable (Days)
	60.0	51.4	57.2			26.1	23.6	61.0	61.8
47.8
					16.4
										55.3
											52.8
				3.0
FY17	FY18	FY19	FY20	FY17	FY18	FY19	FY20	FY17	FY18	FY19	FY20

Trade Receivable / Revenue from				Inventory / Revenue from Operations				Trade Payables / Revenue from Operations
	*Operations 365 Days**				* 365 Days				* 365 Days

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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
UP
Bhiwandi Varanasi
BHIWANDI Mandya
Pandharpur
Kanakpura
New Delhi
Maharashtra Karnataka
Delhi
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Awards and Recognition (1/3)

EXCELLENT CONTRACTOR OF THE	AFFORDABLE HOUSING PROJECT	QUALITY MARK AWARD 2017	EXCELLANCE IN DELIVERY TO OUR
YEAR 2015-16	OF THE YEAR” TO OUR PROJECT -		PROJECT - “THE SIGNATURE BY
	GHB NARANPURA - 2016		HIRANANDANI”

THE MOST ADMIRED	CONSTRUCTION WORLD’S TOP	CSR EXCELLENCE FOR	JURY AWARD BY “GUJARAT
MULTIDISCIPLINARY CONSTRUCTION	CHALLENGERS OF 2017-18	“OUTSTANDING CONTRIBUTION”	CONTRACTOR ASSOCIATION”
COMPANY OF THE YEAR (GUJARAT)
2015-16

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Awards and Recognition (2/3)

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SPECIAL COMMENDATION FOR FASTEST GROWING FLICITATION TO OUR PROJECT "COMPANY OF THE YEAR - BUILDING HIGH QUALITY AND CONSTRUCTION & ENGINEERING GUJARAT VIDHANSABHA AS "IGBC CONSTRUCTION" BY ZEE BUSINESS INNOVATIVE INFRASTRUCTURE" BY COMPANY BY CREDAI GUJARAT NEW BUILDING - GOLD“ 2019 "DARE TO DREAM AWARDS" "CNBC BAJAR” SECOND FASTEST GROWING ICI-ULTRATECH OUTSTANDING ICI-ULTRATECH OUTSTANDING STRUCTURE ICI-ULTRATECH OUTSTANDING STRUCTURE AWARDS 2020 (REGIONAL) IN THE CATEGORY CONSTRUCTION COMPANY AND "TOP STRUCTURE AWARDS 2020 (STATE) IN AWARDS 2020 (REGIONAL) IN THE – INSTITUTIONAL AWARDED TO OUR PROJECT - CATEGORY - MASS HOUSING AWARDED CHALLENGERS AWARDS” 2019 THE CATEGORY – COMMERCIAL LILAVATI LIBRARY AT CEPT" TO OUR PROJECT "GHB NARANPURA" AWARDED TO OUR PROJECT ""ONE42"

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Awards and Recognition – Mr. P.S.Patel (3/3)

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HERCULES AWARD 2017 BY GUJARAT INNOVATION
SOCIETY (GIS)
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MOST RESPECTED ENTERPRENURE AWARD (CONSTRUCTION) TO
BY HURUN REPORT INDIA 2018, Dec 13th
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THE ACE ACHIEVERS AWARD BY TV9 GUJARATI 2019 PATIDAR UDHYOG RATNA AWARD BY SARDARDHAM 2020
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CXO OF THE YEAR BY REALTY PLUS EXCELLENCE AWARDS
2019
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TIMES INSPIRING ENTERPRENURE AWARD FOR THE FASTEST GROWING CONSTRUCTION COMPANY OF THE YEAR 2020

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DETAILED FINANCIALS

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

FY20 Audited Consolidated Financial Results for the Quarter and Year ended March 31, 2020

Particulars	Q4 FY20	Q3 FY20	Q4 FY19	Q-o-Q	Y-o-Y	FY 20	FY 19	Y-o-Y
Revenue from Operations	45,639.70	42,306.64	33,855.90	8%	35%	1,49,925.93	1,05,040.66	43%
Cost of materials consumed including WIP	15,575.92	16,820.50	12,702.30			53,505.34	41,578.42
Construction Expenses	23,017.41	18,243.57	14,638.93			70,044.68	43,272.51
Employee benefits expense	1,583.43	1,523.65	1,167.99			5,948.66	4,321.26
Other expenses	378.92	321.54	338.71			1,361.75	1,012.33
Total Operating Expenses	40,555.68	36,909.26	28,847.93	10%	41%	1,30,860.43	90,184.52	45%
EBITDA	5,084.02	5,397.38	5,007.97	-6%	2%	19,065.50	14,856.14	28%
EBITDA Margin(%)	11.14%	12.76%	14.79%			12.72%	14.14%
Other Income	703.40	564.30	614.36			2,445.04	2,283.92
Finance costs	427.37	414.65	327.83			1,505.58	967.39
Depreciation	761.71	698.45	743.52			2,669.55	2,430.17
Profit Before Tax	4,643.42	4,822.26	4,541.91	-4%	2%	17,307.00	13,733.43	26%
Tax Expense	1,189.17	1,201.07	1,568.81			4,504.49	4,821.49
Other comprehensive income	(13.27)	(3.50)	(9.22)			(13.14)	(4.23)
Profit After Tax	3,395.90	3,644.02	2,972.95	-7%	14%	12,817.78	8,916.78	44%
PAT Margin(%)	7.33%	8.50%	8.62%			8.41%	8.31%
EPS(INR)	35.69	10.15	8.30			35.69	24.84

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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	Year ended March 31, 2020
Revenue from Operations	44,477.83	75,164.69	1,05,040.66	1,49,925.93
Other Income	1,343.44	1,872.20	2,283.92	2,445.04
Total Income	45,821.27	77,036.89	1,07,324.58	1,07,485.70
Cost of Construction Material Consumed	14,970.63	29,963.28	43,369.90	52,665.93
Changes in Inventories of Work-in-Progress	639.70	(1,025.42)	(1,791.48)	839.41
Construction Expenses	19,045.57	32,019.83	43,272.51	70,044.68
Employee Benefits Expense	2,083.49	2,861.55	4,321.26	5,948.66
Finance Costs	794.64	929.73	967.39	1,505.58
Depreciation and Amortization Expenses	791.77	1,147.86	2,430.17	2,669.55
Other Expenses	1,028.97	895.34	1,012.33	1,361.75
Total Expenses	39,354.77	66,792.17	93,582.08	1,35,035.56
EBITDA*	6,709.47	10,450.11	14,856.14	19,065.50
*Margin (%)*	*15.1%*	*13.9%*	*14.1%*	*12.72%*
Profit Before Tax	6,466.50	10,244.72	13,742.50	17,335.41
Tax Expense	2,305.16	3,644.83	4,821.49	4,504.49
Profit for the Period (Before OCI)	4,161.34	6,599.89	8,921.01	12,830.92
Other Comprehensive Income	(18.55)	(3.28)	(4.23)	(13.14)
Total Comprehensive Income	4,142.79	6,596.61	8,916.78	12,817.78
*Margins %*	*9.0%*	*8.6%*	*8.3%*	*8.4%*
EPS - Basic and Diluted	14.41	18.78	24.84	35.69

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*Revenue from Operations – Total Expenses + Finance Costs + Depreciation and Amortization Expenses

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 March 31, 2020
		ASSETS
		Non-current Assets
		Property, Plant and Equipment 5,158.53 7,735.64 10,214.79 10,645.35
		Capital Work-in-Progress - 176.31 - -
		Other Intangible Assets 51.53 72.47 103.65 143.66
		Investments 382.44 65.68 65.68 65.68
		Loans 1,555.84 1,794.78 2,282.31 2668.28
		Other Financial Assets 4,365.48 6,391.06 5,887.95 11,916.74
		Deferred Tax Asset(Net) 283.26 279.73 592.13 696.40
		Other Non-current Assets 289.20 963.45 211.77 251.35
		Total Non-current Assets 12,086.28 17,479.12 19,358.28 26,387.45
		Current Assets
		Inventories 360.83 3,381.26 7,500.17 9,683.35
		Investments 1,408.15 1,511.78 - -
		Trade receivables 5,827.76 12,346.31 14,788.52 23,517.51
		Cash and Cash Equivalents 3,408.51 6,162.42 3,554.82 4,132.33
		Bank Balances other than above 7,257.62 16,632.66 18,665.61 15,552.17
		Loans 33.14 417.83 1,078.28 691.04
		Other Financial Assets 1,367.55 1,619.25 5,576.34 12,828.44
		Other Current Assets 1,004.03 342.38 2,883.46 3,407.33
		Current Tax Assets 58.10 79.60 102.69 94.87
		Total Current Assets 20,725.69 42,493.49 54,149.89 69,907.04
		Total Assets 32,811.97 59,972.61 73,508.17 96,294.49

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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 March 31, 2020
	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 41,818.16
	Equity Attributable to Owners 10,466.64 30,141.23 36,930.71 45,418.16
	Non-ControllingInterests 60.08 107.56 85.37 68.68
	Total Equity 10,526.72 30,248.79 37,016.08 45,486.84
	Liabilities
	Non-current Liabilities
	Borrowings 336.37 168.49 40.87 403.69
	Provisions 93.04 - - 39.81
	Total Non-current Liabilities 429.41 168.49 40.87 443.50
	Current Liabilities
	Borrowings 6,973.34 2,640.95 2,938.27 7,321.32
	Trade Payables 7,435.39 12,716.59 15,914.09 21,680.66
	Other Financial Liabilities 731.59 819.00 1,172.27 2,056.46
	Other Current Liabilities 5,531.84 12,650.82 15,339.17 19,115.70
	Provisions 5.66 59.58 47.45 104.80
	Current Tax Liabilities 1,178.02 668.39 1,039.97 85.21
	Total Current Liabilities 21,855.84 29,555.33 36,451.22 50,364.15
	Total Liabilities 22,285.25 29,723.82 36,492.09 50,807.65
	Total Equity and Liabilities 32,811.97 59,972.61 73,508.17 96,294.49

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