Sadbhav Infrastructure Project Limited — Earnings Release 2020

Nov 14, 2019

14th November, 2019

Ref: SIPL/2019-20/0076

To, The Manager (Listing) Corporate Relationship Dept BSE Limited P J Tower, Dalal Street, Mumbai - 400 001

The Manager (Listing) National Stock Exchange of India Limited "Exchange Plaza", Plot No C/1, G Block BandraKurla Complex, Bandra (E) Mumbai - 400 051

Company Code: 539346 (BSE)

NSE Symbol: SADBHIN (NSE)

Dear Sir/ madam,

Sub: Media Release

With reference to above, please find enclosed herewith Media Release for financial performance for the Quarter and half year ended 30th September, 2019.

You are requested to take the same on record.

Thanking You,

Yours Faithfully,

For Sadbhay Infrastructure Project Limited Od i )

:).r idikModi Company Secretary Membership No. F9193

Encl: a.a

Sadbhav Infrastructure Project Limited

MEDIA RELEASE 14111 November, 2019

(All amounts are in Rs. mn unless specified)

Sadbhav Infrastructure Project Limited reported its financial performance for the quarter ended and half year 30th September, 2019 yesterday. Highlights of the unaudited financial results are as below -

Breakup between Operational SPVs, Under-construction SPVs and SIPL standalone results for quarter ended 30th September, 2019 is as follows -

Sr.n	Particulars	Operation	Under-	SIPL	Eliminati	Consolidat
o.		al SPVs	construct	standalo	ons	ed
			ion SPVs	ne
I	Total income from	3,185.99	3,336.85	813.52	(616.33)	6,720.02
	operations + Other
	income I\
II	Less: Non-cash income	(352.07)	-	-	-	(352.07)
III	Less : Interest on loan	(14.86)	-	(173.13)	-	(187.99)
	to SIPL
IV	Total cash income (I-II-	2,819.06	3,336.85	640.39	(616.33)	6,179.97
	III)
V	Total cash expenses	522.06	2,711.69	249.32	(409.19)	3,073.87
VI	Cash EBITDA (IV-V)	2,297.00	625.16	391.07	(207.15)	3,106.10
	% of III	81.48	18.74	61.07	33.61	50.26
VII	Non-cash expenses	55.21	-	-	-	55.21
VIII	Provision for MMR	211.09	-	-	-	211.09
IX	Depreciation and	763.87	-	0.14	-	764.01
	amortization
X	Recurring cash finance	1,754.03	544.74	358.23	-	2,656.99
	costs to lenders
XI	Interest paid to SIPL	180.04	-	-	(194.44)	(14.40)
XII	Non cash finance costs	489.97	-	200.68	-	690.67
XIII	Total Finance costs	2,424.04	544.74	558.91	(194.44)	3,333.25
	(X+XI+XII)
XIV	Total Expenses	3,976.27	3,256.42	808.37	(603.63)	7,437.41
	(VII+ VIII+ IX+ XIII)
xv	PBT (I-XIV)	(790.27)	80.43	5.15	(12.70)	(717.39)
XVI	Taxes	57.02	(70.94)	51.45	-	37.54
XVII	PAT (XV+XVI)	(733.25)	9.49	56.61	(12.70)	(679.85)
XVIII	Cash profits	651.88	-	84.30	-	797.26
	(XVII+ XII+ XI+ IX+ VIII+ V
	II+III+II+A)
XIX	Cash profits for Q2FY19	768.09	-	273.30	-	1,041.39
xx	Cash profits for Q1FY20	807.07	-	79.79	-	825.78

ADoesn't include receipt of Rs. 51.88 mn as NSEL annuity income

Sadbhav Infrastructure Project Limited

Regd Office: "Sadbhav House", Opp. Law Garden Police Chowki, Ellisbridge, Ahmedabad - 380006 T: +91 79 26463384 F: +91 79 26400210 E: investor@sadbhavinfra.co.in Web: www.sadbhavinfra.co.in CIN: L45202GJ2007PLC049808