Walker Chandiok &"Co LLP

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1 Walker Chandiok &"Co LLP Walker Chandiok & Co llp 16th Floor, Tower II lndiabuds Fmance Centre S BMarg, ElphJnstOlle (W) Mumbai India T F Independent Auditor's Review Report on Consolidated Quarterly Financial Results and Year to Date Results ofthe Company Pursuant to the Regulation 33 ofthe SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 To the Board ofdirectors ofltd Cementation India Limited 1. We have reviewed the accompanying statement of unaudited consolidated financial results (the 'Statement') of ltd Cemenration India Limited ('the Company'), its subsidiaries (the Company and its subsidiaries roged1er referred to as 'the Group') and its unincorporated jointventures (Refer Annexure 1 for the list ofsubsidiaries and unincorporated joint ventures included in the Statement) for the quarter ended 30June 2018 and the consolidated year to date results for d1e period 1 January 2018 to 30 June 2018, being submitted by the Company pursuant to d1e requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, This Statement is the responsibility of the Company's management and has been approved by the Board of Directors. Our responsibility is to issue a report on the Statement based on our review. 2. We conducted our review in accordance with the Srandard on Review Engagement (SRE) 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity, issued by the Institute of Chartered Accountants of India. Tbis srandard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of 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 above, nothing has come to ow: attention that causes us to believe that the accompanying Statement, prepared in accordance with applicable Indian Accounting Srandards specified under Section 133 of the Companies Act, 2013 read with SEBI Circulars CIR!CFD!CMD!15!2015 dated 30 November 2015 and SEBI Circular CIR!CFD!FAC!62!2016 dated 5July 2016, and other recognised accounting practices and policies, has not disclosed the information required to be disclosed in accordance with the requirements ofregulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, including the manner in which it is to be disclosed, or that it contains any material misstatement. 0: Rakesh R. Partner Membership No Mumbai 09 August 2018 Chll'tered Accountants Offices II Bengabu, Chandigarh, Chemai, Gurugram, Ittdetabad, Kochi, ~ta, Mu'nbai, New 0dlI, NoIda and Pule Walft,u Chandiok & Co UP is registered with lwnrted iabity wrth idtntjiiatlon runber AAC-2085 and Its registered office at l-41 CoMauihtCirt:US. NewDeh , nia

2 Walker Chandiok &,Co LLP Annexure 1 List of entities included in the Statement Sr. Name of the entity Relationship 1. lid Cern Projects Incfu Limited Subsidiary 2. lid Cem-Maytas Consortium Joint Venture (treated as subsidiary) 3. lid CemIncfuJoint Venture Joint Venture (treated as subsidiary) 4. lid-lid Cern Joint venture (Consortium ofiid-iid Cementation) Joint Venture 5. lid-lid Cern Joint Venture Joint Venture 6. CEC-IID-TPLJoint Venture Joint Venture Chal"tarMl Accountants

3 PART I Sr. No. ITO Cementation India limited Regd. Office: National Plastic Building, A-Subhash Road, Paranjape B-Scheme, Vile Parle (East), Mumbai-4DD 057 eln No. L61000MH1978PlCD20435 Tel.: , Fax: /28, investors.relation@itdcem.co.in, Website: STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND SIX MONTHS ENDEOJUNE 30, 2018 (~in lakhs unless specified) Quarter Preceding Corresponding Six months Six months Previous year ended quarter ended quarter ended ended ended ended in the previous year Unaudited Unaudited Unaudited Unaudited Unaudited Audited 1 Income from operations 65,287.20' 65, , , , , Other income , , , Total Income (1+2) 65, ,3i , , , , Expenses a) Cost of materials consumed 22, , , , , , b) Subcontracting expenses 16, , , , , , c) Employee benefits expense 7, , , , , , d) Depreciation expense 1, , , , , , e) Finance costs 2, , , , , , f) Other expenses , Total expenses (a+b+c+d+e+f) 60, , , , , , Profit before exceptional items, share of profit/(ioss) of joint ventures and tax (3-4) 5, , , , , , Share of profit/(ioss) of joint ventures (397.68) (305.35) (1,472.11) (1,382.66) 7 Profit before exceptional items and tax (5+6) 4, , , , , , Exceptional items (refer note 4) , Profit before tax (7-8) 4, , , , , , Tax expense/ (credit) (a) Cl,Irrent income tax 2, , , , , (b) Deferred income tax (510.88) (180.92) ( (691.80) (1,683.93) Total tax expense (a+b) 1,826.0'4 438; , , ,281.5~ 11 Profit for the period (9-10) 2, , , , , , Other comprehensive income (OCI).1 Items not to be reclassified subseql;lently to profit or loss - Gain/{loss) on fair value of defined benefit plans as per actuarial (379.86) valuation ( ( Income tax effect on above (59.07) (8.82) (67.89) b) Items that will be reclassified subsequentlyto profit or loss - - Fair value change on designated cash flow hedges (net) Impairment of investment carried at fair value (0.26) -Income tax effect on above (6.63) (6.37) - (13.00) - (6.36) Other comprehensive income/(ioss) for the period, net oftax (a+b) (248.39) (368.63) (195.63) 13 Total Comprehensive Income for the period, net of tax (11+12) 3, , , , , , Total comprehensive income for the period attributable to: Owners of the parent 2, , , , , , Non controlling interest (0.34) Paid-up equity share capital (Face Value: ~ 1 per share) 1,717.S8 1, , , , ,551.5S 15 Other equity (excluding revaluation reserve) 60, Earnings per share (Face Value: ~ 1 per share) a) Basic (not annualised) in ~ b) Diluted (not annualised) in ~ See accompanying notes to the unaudited consolidated financial results

4 ~Adun Saraban Notes: 1) The consolidated financial results have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 201S (Ind AS) prescribed under section 133 of the Companies Act, 2013 read with rule 3 of the Companies (Indian Accounting Standards) Rules, 201S and Companies (Indian Accounting Standards) (Ammendment) Rules, The above results have been reviewed and recommended by the Audit Committee and susequently approved by the Board of Directors of the Company at their respective meetings held on August 9, The statutory auditors of the Company have carried out their limited review of the aforesaid results. 2) The Group is principally engaged in a single business segment viz Construction. 3) During the quarter ended March 31, 2018, the Company issued 16,629,684 equity shares of ~ 1 each, at an issue price of ~ per equity share (including ~ per share towards securities premium) aggregating ~ 33, lakhs to Qualified Institutional Buyers in accordance with Chapter VIII of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 as amended and Section 42 of the Companies Act, 2013, as amended, and the rules made thereunder. 4) Exceptional items for the year ended December 31, 2017, represent write off of non-current trade receivables and non-current other financial assets amounting to ~ 11, lakhs and write back of provisions no longer required in respect of a project amounting to ~ 9, lakhs. 5) Standalone results (~in Lakhs) Quarter Preceding Corresponding Six months Six months Previous year ended quarter ended quarter ended ended ended ended in the previous vear Unaudited Unaudited Unaudited Unaudited Unaudited Audited (Refer a) Income from operations 45, , , , , , b) Profit before exceptional items and tax 4, , , , , , c) Profit after tax 2, , , , , , dl Total comprehensive income for the period (net of tax) 2, , , , , , For and on behalf of the Board of Directors note 5) Place: Mumbai Managing Director Dated: August 9, 2018 DIN No ~~r... C' ~t~~ ~ r ')0... (... ("" «lr- 3: ( MUMSAI, "U * l * ~ 'AI~ '-;11 ~ ~W

5 PART II (~in lakhs) CONSOLIDATED STATEMENT OF ASSETS AND LIABILITIES Asat 31 December 30 June ASSETS Non-current assets Property, plant and equipment 48, , Capital work-in-progress 3, , Financial assets Investments Trade receivables loans Other financial assets Deferred tax assets (net) Income tax assets (net) , Other non-current assets 15, , Total non-current assets 70, , Current Assets Inventories 23, , Financial assets Investments 2, Trade receivables 31, , Cash and cash equivalents 10, , Other bank balances loans 38, , Other financial assets 73, , Other current assets 13, , Total current assets 193, , TOTAL ASSETS 263, , EQUITY AND LIABILITIES Equity Share capital 1, , Other equity 97, , Total equity attributable to equity holders of the Parent 99, , Non-controlling interests Total equity 99, , liabilities Non-Current liabilities Financial liabilities Borrowings 1, Provisions 1, , Deferred tax liabilities (net) Total non-eurrent liabilities 3, , Current liabilities Financialliabitities Borrowings 44, , Current maturities of long-term-borrowings 1, , Trade payables 51, , Other financial liabilities 6, , Provisions 2, , Other current liabilities 54, , Total current liabilities 160, , TOTAL EQUITY AND LIABILITIES 263, ,881.10

NE 1'JRE. Unaudited financial results for the quarter and ha f year ended 30 September 2018

NE 1'JRE. Unaudited financial results for the quarter and ha f year ended 30 September 2018 NE 1'JRE A Amber Enterprises India Limited Regd. Office: C-I, Phase II, Focal Point, Rajpura Town, Punjab - 140401, India CIN: L28910PB1990PLC010265, Website: www.ambergroupindia.com, Ph.: 0124-3923000,