OUTCOME OF THE BOARD MEETING HELD ON 13TH FEBRUARY 2017 UNAUDITED FINANCIAL RESULTS (STAND ALONE) FOR THE QUARTER l~nded ON 31ST DECEMBER 2016.

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Hillary Armstrong
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CN : L40109TG1986PLC006745 Lalgadi Mala~pet, Shameerpet Mandai, R.R. Dist., Hyderabad - 500 078. T.S. NDA Phone : +91-8418-301640-49 (1 0 Lines) Fax No. 91-8148-301652 E-mail : contact@hbl.

13th Febru 1 ary 2017 The Department of Corporate Services Bombay Stock Exchange Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai - 400 001 Fax No: 022-2272 1919/2272 2041 BSE STOCK CODE: 517271

1 CN : L40109TG1986PLC Lalgadi Mala~pet, Shameerpet Mandai, R.R. Dist., Hyderabad T.S. NDA Phone : (1 0 Lines) Fax No contact@hbl.in Power Systems Ltd. 13th Febru 1 ary 2017 The Department of Corporate Services Bombay Stock Exchange Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai Fax No: / BSE STOCK CODE: The Listing Department National Stock Exchange of ndia Limited Exchange Plaza, Sandra Kurla Complex Sandra (East) Mumbai Fax No: /38 NSE CODE: POWER Dear sir madam, OUTCOME OF THE BOARD MEETNG HELD ON 13TH FEBRUARY 2017 UNAUDTED FNANCAL RESULTS (STAND ALONE) FOR THE QUARTER l~nded ON 31ST DECEMBER At a meeting of the Board of Directors of the Company held on 131h Februar~ 2017, the Board inter-alia approved (standalone) unaudited financial results [ of the Company for the quarter ended on 31st December A copy of the!: arne in enclosed. Please take the above information on records and confirm. Thanking You Yours faithfully For POWER SYSTEMS LMTED MVSS Kumar Company Secretary Regd. Office : Power Systems Limited Road No. 10, Banjara Hills, Hyderabad

$.1/a\.. i '!.. i \ J ;...' - / RAO &KlrMAR CHARTERED ACC OUNTANTS.. ---~ : Limited Review Report. Review Report to?x Th~.. Bbor<"fof Directors,,~, :;' H3C-f:>ow~r systems 'umlted. We have reviewed.$ ended December 3 L 201 6 which are included in the acdompanying Statement of Unaudited Results for the ~uarter a~d nine months ended December 31, 2016 tcbgether with the notes thereon (the

ended December 3 L 201 6 which are included in the acdompanying Statement of Unaudited Results for the ~uarter a~d nine months ended December 31, 2016 tcbgether with the notes thereon (the

2 .1/a\.. i '!.. i \ J ;...' - / RAO &KlrMAR CHARTERED ACC OUNTANTS.. ---~ : Limited Review Report. Review Report to?x Th~.. Bbor<"fof Directors,,~, :;' H3C-f:>ow~r systems 'umlted. We have reviewed. the unaudited standalone finqncial results of Power Systems imited (the Company) for the quarter. ended December 3 L which are included in the acdompanying Statement of Unaudited Results for the ~uarter a~d nine months ended December 31, 2016 tcbgether with the notes thereon (the Statement), being submitted by the company pursuant to the req~~ irements of Regulation 33 of the SEB (Listing Obligations and Disclosure Requirements) Regulations, 2015 Attention is. drawn to the fact that the figures for the corresponding quarter and nine months ended D cerilbet3l 20 15, including the reconciliation of net profit under lnd AS of the corresponding quarte~ with profit reported under previous GAAP, as reported in these financial results have been approved b~ company's Board of Directors but have not been subjected to review. This statement is the responsibility of the Company's Management and has been approved by the Board of Directors. Our responsibil ty is to issue a report on these financial statements based on our review.! :.. We conducted our review in accordance with the Standard on Review Engagement (SRE) 2~ 10, Review of lnterim ~inanciallnformation Performed by the ndependent Auditor of the Entity' issued by the nstitute ol;:h9rjere<;:,accountants of ndia. This standard requires that we plan and perform the review to obtain. mhd~f;q.~~ O?~,Jr::qnce.qs, to whether the financial statements are 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. '. : ;: ~-.,, -., :..,. '..,, '. '..., -- - ~ ;...-\: i..,., '. ',,.. -. : Based on our review conducted as above; nothin~i has come to our attention that causes us to believe that the accompanying statement of unaudited standalone financial results prepared in accordance w~th applicableaccounting standards i.e. lnd 'AS prescrib~d under Section 133 of the Co11Jpanie$ Act, 2013 read with relevant rules issued there under or by the lr;1stitute. of Chartered Accountants of ndia and> 9t0er. r~c;;bgnized accounting practices and policie~: has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEB (Listing Obligation and Disclosure Requirements) Regulations, 2015 and SEB Circular dated July 5, 2016 including the manner in which it is to be disclosed, Or that it COntainS any ma~e~ial misstatem.enf:...,. :,, :...,... For Roo & Kumar Chartered Accountants FRN 03089S!. Date: : i -. Visakhapatnam.:. Door No : /4 Soudhamani, Siripuram Visakhapatnain Phone: , Fax :+91 89L ;.,_._ Hyderabad :, Door No :.6-3-8()0/8/3, Sri Lakshmi Vishnu Sadan; Thakur Mansion Road, S01najiguda Hyderabad Phone:

Operating ncome 2 Expenditure a) Cost of Materials Consumed b) Purchase of Stock-in-Trade c) (ncrease) Decrease in Finished goods, work in Progress and stock-in-trade d) Employee Benefits expense e)

( Loss) from operations before other income, finance costs & exceptional tems (1-2) 4 Other ncome 5 Profitl(Loss) from ordinary activities before finance costs & exceptional tems (3+4) 6 Finance

3 Power Systems Ltd , Road No.10, Banjara Hills Hyde rabad Standalone Unaudited Financial Results for the Nine months ended 31st December 2016 ncome from operations Particulars (a) Sales /ncome from operations (b) Other Operating ncome 2 Expenditure a) Cost of Materials Consumed b) Purchase of Stock-in-Trade c) (ncrease) Decrease in Finished goods, work in Progress and stock-in-trade d) Employee Benefits expense e) Depreciation and Amortisation expense f) Other Expenses Expenses 3 Profit!( Loss) from operations before other income, finance costs & exceptional tems (1-2) 4 Other ncome 5 Profitl(Loss) from ordinary activities before finance costs & exceptional tems (3+4) 6 Finance Costs 7 Profit!( Loss) from ordinary activites after finance costs but before exceptional tems (5-6) 8 Exceptional items- (ncome) Expenditure 9 Profitl(Loss) from ordinary activities before Tax (7-8) 10 Tax Expense (credit) 11 Net Profitl(Loss) from ordinary activities after Tax (9-1 0) 12 Extraordinary tems (net of tax expense) 13 Net Profit/(Loss) for the period (11-12) 14 Other Comprehensive ncome (Net of tax) 15 Comprehensive ncome ( 13+14) 16 Paid-up equity share capital (Face Value Re 1/- each) 17 Reserves excluding revaluation reserves (as per Balance sheet of previous accounting year) 18 i Earnings Per Share (before extraordinary items) (of Re 1/- each) (not annualised): a) Basic b) Diluted ii Earnings Per Share (after extraordinary items) (of Re 1/- each) (not annualised): a) Basic D.iluted Quarter ending ( ) (88.45) Dec-15 (Unaudited) (824.37) ( ) 7J76AO ' c..;c ''ib6c (69.98) f!l ~5239 7i573. B8 $ $ h75.18 ' 2( i f' ~01.65 (~09.94) 1 ~ , Rs. in Lakhs Forthe Year ended 31-Mar ~ ' o:t! 1 The company adopted ndian Accounting Standards {lnd AS) from April 1, 2016 as prescribed under Section 133 of the corpanies Act, 2013 read together with the relevent rules issued thereunder and the Generally Accepted Accounting Principles in ndia. The date of transition to lnd AS is Aprill, The financial results for the previous year ended March 31, 2016 are not lnd AS Compliant. 2 The Unaudited results for the quarter ended December 31, 2016 were reviewed by the Audit Committee in its meeting held1on 13th FebrLiary,2017 and approved by the Board of Directors at the meeting held on 13th February,2017. The results for the quarter/nine mont7 ended 31st December have not been subjected to review or audit. However, the management has exercised necessary due diligence to epsure that the financial results provide a true and fair view of its affairs. 3 Figures of the previous quarters have been regrouped, wherever necessary to correspond with the current quarter period in terms of lnd AS which was adopted by the company with effect from Aprill, 2016.

4 Reconciliation of Statement of Profit & Loss between ndian GAAP as previousl y reported and the Comprehsive nc ' me as per lnd As is as follows : Pa rticu a rs Quarter ending 9 months ending

22) Effect on Employee Benefits due to constructive obligations 7.93 1.94 Effect of change in nventory under lnd AS Adjustment 214.96 501.33 Effect of Deferred Government Grants 13.98 41.

4 4 Reconciliation of Statement of Profit & Loss between ndian GAAP as previousl y reported and the Comprehsive nc ' me as per lnd As is as follows : Pa rticu a rs Quarter ending 9 months ending 31-Dec Dec-15 Net Profit reported under ndian GAAP , Adjustments : Effect on Finance Cost due to Fari Valuation of nterest Free Loans (392.74) (1 '178.22) Effect on Employee Benefits due to constructive obligations Effect of change in nventory under lnd AS Adjustment Effect of Deferred Government Grants Effect of lnd AS Adjustment on Service ncome ( ) Acturial Gains (Losses) recognised in OC Others (39.02) (77.65) Net Profit as per lnd AS , Other Comprehensive ncome (69.98) (209.94) Comprehensive ncome under lnd AS , Chairman & Managing Director Partner M.No:

H BL POWER SYSTEMS L TO 8-2-601, Road No.

Less: lntersegment Revenue Sales/ncome from Operations 33490.28 2339.10 1862.34 37691.72 24817.31 88833.75 103325.61 9749.40 13760.87 15898.33 6235.51 10044.27 108830.13 129268.

5 H BL POWER SYSTEMS L TO , Road No.lO, Banjara Hills, Hyderabad Segment-wise Revenue, Results and Capital Employed For the quarter ended 31st December 2016 CN: L40109TG1986PLC006745, (Rs in Lakhs) For the Year Segment Revenue Less: lntersegment Revenue Sales/ncome from Operations Segment Results Less: i) nterest ii) Exceptional ltems-(lncome)/expense ii ) Unallocable Expenditure net of iii ) Unallocable ncome Profit Before Tax after Extraordinary tems (60.71) (393 95) ~eg m ent Assets ]Segment Liabilitie~ Notes: ( a ) The company's operations include of different types,, Railway Signalling contracts etc. Exqept for and, the segment revenue, the segments results and the segments assets and liabilities of other activities are individually below the threshold limit of 10% as provided in AS-17 "Segment Reporting". Accordingly, and?egments are shown separately as reportable segments and others are included in segments. ( b ) and segment comprises of various types of products for defence, aviation, telecom and industrial application. ( c ) nter segment revenue is measured at the market price at which the products are sold to external Customers

H31? Kavitm WW PM. Thanking you Yours faithfully For HBL Power Systems Limited. Exchange Plaza, Bandra Kurla Complex 001 Bandra (East) Mumbai

H31? Kavitm WW PM. Thanking you Yours faithfully For HBL Power Systems Limited. Exchange Plaza, Bandra Kurla Complex 001 Bandra (East) Mumbai 400 400 H31? 12 h November 2018 The Department of Corporate Services BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai The Listing Department National Stock Exchange of India Limited Exchange Plaza,