6 in crore) Particulars

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S. No. HOUSING AND URBAN DEVELOPMENT CORPORATION LTD. (HUDCO) (A GOVT. OF INDIA UNDERTAKING) CIN: L74899DL1970G01005276 GSTIN: 07AAACH0632A1ZF website: www.hudco.

1 S. No. HOUSING AND URBAN DEVELOPMENT CORPORATION LTD. (HUDCO) (A GOVT. OF INDIA UNDERTAKING) CIN: L74899DL1970G GSTIN: 07AAACH0632A1ZF website: * hvaeo REGISTERED OFFICE : HUDCO BHAWAN, CORE 7A, INDIA HABITAT CENTRE, LODHI ROAD, NEW DELHI STANDALONE AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31e MARCH, in crore) For the Quarter Ended For the Year Ended Particulars 31' March, e December, 31' March, ' March, ' March, 2017 (Audited) 2017 (Unaudited) (Audited) (Audited) (Audited) I Income (1) Revenue from Operations (2) Other Income Total Revenue I (1+2) II Expenses (1) Finance Cost (2) Employee Benefits Expense (3) Depreciation and Amortisation (4) Other Expenses (5) Corporate Social Responsibilities (6), Provision on Loans (net) (7) Provision on Debtors/recoverables, other loans and advances (8) Provision on Investment Total Expenses II ( ) III Profit before exceptional, extraordinary Items and tax III (I-II) IV Exceptional items V Profit before extraordinary Items and tax V (III+IV) VI Extraordinary Items VII Prior period adjustments {Income(+)/ Expenditure(-)} VIII Profit Before Tax VIII (V-VI+VII) IX Tax Expense (1) Current tax (2) Deferred tax (4.75) (49.98) (32.01) (149.17) (60.41) (3) Adjustment of tax of earlier years (Net) 0.00 (0.54) 0.00 (0.54) 3.80 Total Tax Expense IX (1+2+3) X Profit for the period X (VIII-IX) XI Paid-up Equity Share Capital (Face Value - Rs.10 per share) XII Reserves excluding Revaluation Reserves XIII Analytical Ratios (i) Percentage of shares held by Government of India (%) (ii) Capital Adequacy Ratio (Total) (%) (iii) Earnings per Share (EPS) (Z) (a) Basic EPS before extraordinary items (not annualized) (b) Basic EPS after extraordinary items (not annualized) XIV NPA Ratios (i) Gross NPA (ii) Net NPA (iii) Gross NPA (%) 6.28% 6.99% 6.02% 6.28% 6.02% (iv) Net NPA (%) 1.42% 1.84% 1.15% 1.42% 1.15% (v) Return on Assets (Annualised) (a) Additional Disclosure Credit Rating (Long Term) IND AAA, CARE AAA, ficra] AM IND AAA, CARE AAA, ficra] AAA (b) Asset Cover available (times) 0) For Secured Tax free Bonds (secured against receivables) (ii) For SPS Bonds (secured against specific lien of Deposit) (c) Debt Equity Ratio [(Long Term Brrowings + Short Term Borrowings + Current Maturities of Long Term Borrowings) / Shareholder's Fund] (d) Previous due date for payment of interest/ repayment of principal amount of non-convertible debentures Details given at Note 13 - Whether the same has been paid or not Paid on due dates (e) Debenture Redemption Reserve (f) Net Worth (g) Net Profit After Tax (h) Earning Per Share (i) (j) Debt service coverage ratio (Profit before tax + Interest and other charges) / (Interest and other charges + Principal Repayment) Interest service coverage ratio (Profit before tax + Interest and other charges) / (Interest and other charges) , \-7-crRT (31T7) Dr. M. RAVI KANTH, IAS (r) =ET V 3:f0.1' 41c.n/Chairman & Managing Director.41.4us 349' sciet44t chlt-i%1-1 Housing and Urban Development Corporation Ltd. 34sPi-f /A Govt. of India Enterprise 6s,r,1 I, ITRff TRINTRi HUDCO Bhawan, India Habitat Centre, Lodhi Road, 91 ft-mi/new Delhi

2 CONSOLIDATED AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31st March, 2018 (Z in crore) S. No. Particulars For the Year Ended (Audited) (Audited) I Income (1) Revenue from Operations 4, , (2) Other Income Total Revenue 1 (1+2) 4, , II Expenses (1) Finance Cost 2, , (2) Employee Benefits Expense (3) Depreciation and Amortisation (4) Other Expenses (5) Corporate Social Responsibilities (6) Provision on Loans (net) (7) Provision on Debtors/recoverables, other loans and advances (net) (8) Provision on Investment Total Expenses II ( ) 3, , III Profit before exceptional, extraordinary Items and tax III (I-II) IV Exceptional items V Profit before extraordinary Items and tax V (III+IV) 1, , VI Extraordinary Items - - VII Prior period adjustments {Income(+)/ Expenditure(-)} VIII Profit Before Tax VIII (V-VI+VII) 1, , IX Tax Expense (1) Current tax (2) Deferred tax (149.18) (60.41) (3) Adjustment of tax of earlier years (Net) (0.54) 3.80 Total Tax Expense IX (1+2+3) X Profit for the period X (VIII-IX) Paid-up Equity Share Capital (Face Value - Rs.10 per share) Reserves excluding Revaluation Reserves RTE. Ch 1 ct,. (&R) Dr. M. RAVI KANT AS (r) 3TME 'cr4 TrET faztcrichairman & Managing Director 6i \1RiJi TzuU Housing and Urban Development Corporation Ltd. m7u tytoi,t w-isr,{ /A Govt. of India Enterprise 6,s4-4 1T-47, ii-ra wataro, o1k-11 HUDCO Bhawan, India Habitat Centre, Lodhi Road, New Delhi

3 Statement of Assets and Liabilities Standalone Consolidated (Z in crore) Particulars As at 315' March, 2018 As at 315t March, 2017 As at 315' March, 2018 As at 315' March, 2017 A EQUITY AND LIABILITIES 1. Shareholders' Funds (a) Share capital (b) Reserves and surplus Shareholders' Funds Minority Interest Non-Current Liabilities (a) Long-term borrowings (b) Deferred tax liabilities (net) (c) Other long-term liabilities (d) Long-term provisions Non-Current Liabilities Current Liabilities (a) Short-term borrowings (b) Trade payables (c )Other current liabilities (d) Short-term provisions Current Liabilities EQUITY AND LIABILITIES B. ASSETS 1. Non-Current Assets (a) Fixed assets (b) Non-current investments (c) Long-term loans and advances Non-Current Assets Current Assets (a) Current Investments (b) Trade Receivable (c) Cash and Cash Equivalents (d) Short Term Loan & Advances (e) Other Current Assets Current Assets ASSETS cr, I \99 (3TR-) Dr. M. RAVI KANTH, IAS (r) alutai 'cr 34-4ET f" 4zicaChairman & Managing Director el 3 3T-49' 41P4Pz I-1 Housing and Urban Development Corporation Ltd. 1113ḏ ei t4,iq %ilisr i A Govt. of India Enterprise sscol- ITRff ERA-4-re ci)-q, trz, HUDCO Bhawan, India Habitat Centre, Lodhi Road, 9 1=-4-1/ New Delhi

Notes: 1 The above audited financial results are reviewed by the Audit Committee and approved by the Board of Directors at the meeting held on 30th May, 2018.

4 Notes: 1 The above audited financial results are reviewed by the Audit Committee and approved by the Board of Directors at the meeting held on 30th May, The audited accounts are subject to review by the Comptroller and Auditor General of India under section 143(6) of the Companies Act, The company does not have more than one segment eligible for reporting in terms of Accounting Standard (AS-17) on "Segment Reporting". 3 As notified by the Ministry of Corporate Affairs, the Company shall be implementing Indian Accounting standards (Ind-AS) from Financial Year onwards. 4 In respect of Andrews Ganj Project (AGP) being executed by HUDCO as an agent on behalf of MoUD (now MoHUA), HUDCO does not retain any right or interest in the property leased to it and any expenditure and liability on account of this project is paid out of No Lien AGP Account maintained with HUDCO. Interest income of T crore on the amount deficit (recoverable) from MoUD has been booked for the year ended 31st March, As on 31st March, 2018, No Lien AGP account is in deficit (recoverable) to the extent of Z crore, which includes amounts paid by HUDCO on behalf of MoUD and interest as on date. 5 During the year , the company has paid interim dividend of Z crore (excluding Dividend Tax of T crore) at the rate of T 0.55 per share of Z 10/ each, after approval of the Board in its meeting held on 28th February, 2018 and the same was paid on 14th March, In case of RKM Powergen Private Ltd., the loan asset was categorized as sub-standard by the Company on 15th April, However, in view of Hon'ble High Court of Madras Order, the Company after seeking legal opinion with respect to asset classification, the loan asset has been re-classified from sub-standard to standard asset category. Had the account been classified as NPA, Company would be required to make a provision amounting to! crore (against the principal outstanding of? crore) as on 31"1 March, Accordingly, keeping in view the prudent accounting, the interest income of t crore has not been recognized in the Statement of Profit & loss and further, the Company has earmarked provision of t crore in the additional provision of Z 284 crore as on 31st March, 2018 to meet such exigency. 7 The Company has made provision on loans of T 2, crore as on 31st March, 2018 as against the provision of Z 2, crore required as per NHB norms. Hence, the Company has additional provision of Z 284 crore as on 315' March, 2018 (Z 330 crore as on 31st March, 2017) as per accounting policy of the Company. 8 There were 25 investor complaints pending with HUDCO as on 3131 March, All the pending complaints have been resolved as on date. 9 Figures of corresponding period in the previous year have been regrouped, wherever necessary. Figures of quarter ended 31a March, 2018 are the balancing figures between the audited figures in respect of full financial year ended 31"' March, 2018 and the reviewed year to date figures up to 31a Decemebr, 2017, being the end of the third quarter of the financial year. 10 Changes in Accounting policies during the period: During the year , some of the accounting policies have been modified and a new accounting policy on 'Use of Estimates' has been incorporated, having clarificatory changes only, except in one accounting policy which has material financial impact as given below: During the year company has revised accounting policy on the employee benefits for calculating cost as per AS-15 by excluding the benefit of Leave Travel Concession due to implementation of recommendations of 3rd Pay Committee resulting in reversal of the outstanding liability of Z 7.10 crore resulting in decrease in staff expenditure by the same amount. 11 In line with the requirements of Regulation 33 and 52(4) readwith Regulation 63 (2) of the SEBI (Listing Obligations and Disclosure Requirement) Regulations 2015, the results for the quarter and year ended 31"t March, 2018 are available on the website of BSE Limited (URL: National Stock Exchange of India Limited (URL: and on the company's website (URL: 12 The Consolidated Annual Financial results as given above have been prepared as per Section 129(3) of Companies Act, 2013 and Accounting Standard (AS-27) on "Financial Reporting of Interest in Joint Venture". The Company does not have any Subsidiary. 13 Previous due date for payment of interest/ repayment of principal amount of non-convertible debentures is as given below: S. No Name of Series of Bonds/Debenture Redemption of Redemption Interest Principal Date Amount Interest paid on Amt. in Rs. Crore Amt. in Rs. Crore TAXABLE BONDS SERIES A May TAXABLE BONDS SERIES A May SPECIAL PRIORITY SECTOR - I BONDS Jun Jun SPECIAL PRIORITY SECTOR - I BONDS Jun SPECIAL PRIORITY SECTOR - II BONDS Jun Jun SPECIAL PRIORITY SECTOR-II BONDS Jun TAXFREE BONDS SERIES A u TAXFREE BONDS SERIES A Sep TAXABLE BONDS SERIES B Sep TAXABLE BONDS SERIES C Sep SPECIAL INFRASTRUCTURE BONDS Sep Sep SPECIAL INFRASTRUCTURE BONDS Sep TAXABLE BONDS SERIES A Sep Sep TAXFREE BONDS SERIES C Oct TAXFREE BONDS SERIES B Oct TAXFREE BONDS SERIES C Oct TAXFREE BONDS SERIES A Oct HUDCO TAXFREE BONDS TRANCHE I Oct TAXABLE BONDS SERIES D Oct TAXFREE BONDS SERIES B Nov TAXABLE BONDS SERIES E Nov TAXABLE BONDS SERIES G Nov HUDCO TAXFREE BONDS TRANCHE III Dec TAXFREE SERIES D Dec SPECIAL PRIORITY SECTOR - I BONDS Dec Dec SPECIAL PRIORITY SECTOR - I BONDS Dec SPECIAL PRIORITY SECTOR - II BONDS Dec Dec SPECIAL PRIORITY SECTOR - II BONDS Dec HUDCO TAXFREE BONDS TRANCHE II Dec HUDCO TAXFREE BONDS TRANCHE II Jan TAXABLE BONDS SERIES F Jan HUDCO TAXFREE BONDS TRANCHE I Feb HUDCO TAXFREE BONDS TRANCHE I Feb HUDCO TAXFREE BONDS TRANCHE I Mar SPECIAL INFRASTRUCTURE BONDS Mar Mar SPECIAL INFRASTRUCTURE BONDS Mar HUDCO TAXFREE BON NCHE II Mar-2018 Total , PLACE : New Delhi DATE : 30th May, 2018 f/l G (p) &pi cfl'ai, rs- OTR) a r. M. RAVI KANTH, IAS (r) 31F..7/ei [rd AST i4azicnichairman & Managing Director t imil RI: ) p T,.s.l. 4-r si co i 0, am..4.7q-ri. 'TM #-- ' N New elhi ITTR-d v-isni-r/ A Govt. of India Enterpris 654) ITTq, ITTRU Q T l 1 ai F.'101 trz, DCO Bhawan, India Habitat Centre, Lodhi Road, fevili New Delhi f rve42-- for and on be f of B411s16Di ors Ria.z Se,...--', Dr. M. Ray! Kanth Chairman and Managing Director

5 PREM GUPTA & CO. CHARTERED ACCOUNTANTS Independent Auditor's Report on Standalone Quarterly Financial Results and Year to Date Results of the Company Pursuant to the SEBI (Listing Obligations and Disclosure requirement) Regulations, 2015 The Board of Directors Housing and Urban Development Corporation Ltd. New Delhi We have audited the accompanying Annual Standalone financial results of Housing & Urban Development Corporation Limited (the 'Company') for the year ended March 31, 2018 (the 'Financial Results'), being submitted by the company pursuant to the requirement of Regulation 33and Regulation 52 read with Regulation 63(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, These annual financial results, which are the responsibility of the company's management and approved by the Board of Directors, have been prepared on the basis of related financial statements, which is in accordance with the recognition and measurement principles laid down in Accounting Standard prescribed under Section 133 of the Companies Act 2013 read with relevant rules issued there under, as applicable and other accounting principles generally accepted in India. Our responsibility is to express an opinion on these Financial Results. We conducted our audit in accordance with the auditing standards generally accepted in India. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial results are free of material misstatement(s). An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in financial results. An audit also includes evaluating the appropriateness of the accounting policies used and reasonableness of the accounting estimates made by management, as well as evaluating the overall presentation of the Financial Results. We believe that the audit evidence, we have obtained is sufficient and appropriate to provide a basis for our opinion and have also relied upon various returns received from the regional offices of the company. In our opinion and to the best of our information and according to the explanations given to us, these annual financial results: are presented in accordance with the requirements of Regulation 33 and Regulation 52 read with Regulation 63 (2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 in this regard; and 4, Shivajl Marg, Najafgarh Road, New Delhi Tel. : Off. : , , Fax : office@pguptaco.com, pguptaco@yahoo.co.in

6 (ii) give a true and fair view of the net profit and other financial information for the year ended March 31st, 2018 The statement includes the results for the quarter ended March 31st, 2018 being the balancing figures between the audited figures in respect of current full financial year ended March 31st, 2018 and the published year to date unaudited figures up to the third quarter ending December 31st, 2017, of the current financial year which were subject to limited review by us. For Prem Gupta & Co. Chartered Accountants P l arm It stration No.:000425N m Behari Gupta (Partner) M.No Place: New Delhi Date: 30th May

7 PREM GUPTA & CO CHARTERED ACCOUNTANTS Independent Auditor's Report on Consolidated Quarterly Financial Results and Year to Date Results of the Company Pursuant to the SEBI (Listing Obligations and Disclosure requirement) Regulations, 2015 The Board of Directors Housing & Urban Development Corporation Ltd. New Delhi We have audited the accompanying Annual Consolidated financial results of Housing & Urban Development Corporation Limited for the year ended 31st March 2018 (the 'Financial Results'), being submitted by the company pursuant to the requirement of Regulation 33 and Regulation 52 read with Regulation 63(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, These annual financial results have been prepared on the basis of financial statements, which are the responsibility of the company's management and approved by the Board of Directors, have been prepared on the basis of the related financial statements, which is in accordance with the recognition and measurement principles laid down in Accounting Standard prescribed, under Section 133 of the Companies Act, 2013 read with relevant rules issued there under, as applicable and other accounting principles generally accepted in India. Our responsibility is to express an opinion on these Financial Results. We conducted our audit in accordance with the auditing standards generally accepted in India. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial results are free of material misstatement(s). An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in financial results. An audit also includes evaluating the appropriateness of the accounting policies used and reasonableness of the accounting estimates made by the management, as well as evaluating the overall presentation of the Financial Results. We believe that audit evidence, we have obtained is sufficient and appropriate to provide a reasonable basis for our opinion and have also relied upon various returns received from the regional offices of the company. 1 i 4, Shivaji Marg, Najafgarh Road, New Delhi Tel. : Off.: , , Fax : office@pguptaco.com, pguptaco@yahoo.co.in

8 We did not audit the financial statements of one Joint Venture entity included in the consolidated year to date results, whose financial statements reflect total assets of Rs crore (Previous year Rs crore) as at March 31st, 2018 as well as the total revenue of Rs crore (Previous year Rs crore) for the year ended March, 31st The financial statements and other financial information of the Joint venture entity are unaudited financial statements certified by the management, and our opinion on the consolidated year to date results, to the extent they have been derived from such financial statements is based solely on the certification of the management in the case of Joint venture. In our opinion and to the best of our information and according to the explanations given to us these consolidated financial year to date results: (i) Include the year to date financial figures of the following Joint Venture: Shristi Urban Infrastructure Development Limited (Ownership- 40% as on March 31st, 2018) (Previous Year 40%); (ii) have been presented in accordance with the requirements of Regulation 33 and Regulation 52 read with regulation 63(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 in this regard; and (iii) give a true and fair view of the consolidated net profit and other financial information for the year ended March 31st, 2018 For Prem Gupta & Co. Chartered Accountants Firm Registration y No.:000425N &d Behari Pta (Partner) M.No Place: New Delhi Date: 30th May

26th November, The Secretary BSE Limited Phiroze Jeejeebhoy Towers Dalai Street Mumbai Scrip Code

26th November, The Secretary BSE Limited Phiroze Jeejeebhoy Towers Dalai Street Mumbai Scrip Code z Mf1:1TT 'RITZ' 3149' clt PAG ch141411 s, (3717-9. ii tctm r 44ct,4), W)1-77, 1-1717 'crinth e: 0 7)111. qmvi -110003 iwiw : 011-24648160 thi:1 : 011-24625308 Visit us at : www.hudco.org ThiTtcrff : L74899DL1970G01005276