rflP

AR

PODDAR
HOUS NG

HOUSING AND DEVELOPMENT LTD.

November 14,2016
To,

The Bombay Stock Exchange Limited

Phireze Jeejeebhoy Towers,
Daial Street, Mumbai.

Sub: Proceeding for the Board Meeting -Approved the Un-Audited Financial
Results -Board Meeting held on November 74,2016.
Ref: 523628
Dear Sir,

This is to inform you that Directors at their meeting held on November '14, 201'6
have amongst other item have considered and approved the Un-Audited
Financial Results for the quarter ended 30'r' September 2016.

Thanking you,
Yours faithfully,
For Poddar Housing and Development Limited
(Formerly known as Poddar Developers Limited)

,&t
t Sharma
Chandra
Company Secretary

o.9

aod Os

o
I Murnbal

S,I

*9

Encl.: Un-Audited Financial Results for the quarter ended 30th septembet 201.6.

(Formerly known as Poddar Developers Ltd

'126, N. M. Joshi Marg, Lower Parel (w), Mumbai - 400 013, lndia'
corporate otfice : Poddar G,oup Building, Mathuradas Mill compound,

Tel:02266164444|Fax:02266164422lwww,poddarhoUsing,comIclN-151909MH1982PLc143066

PODDAR HOUSING AND DEVELOPMENT LIMITED

Un-Audit

d St

rdrlo..

Finan.iel R.sulb lor lhe O!.rl.rnd.d 30th S.pt.mb.r2015

CIN:lJ1909MH1982PLC143065
30.09.20r6

Net S:les / Itr.om. from oper.rtions

G) Other Opr.tin8 In.one

lolal in.ome trom operations

30,09.2015

30.09,2016

30.09.2015

31.03.2016

565.46

1016.69

2264_8i

1582.17

z*4.4

11825.49

138.45

86.90

207.97

n5.35

268.72

1078.54

I103.59

2472 aA

1807.52

510.47

520.76

911.85

1031.23

20E7.55

3339.32

(93.16)

261.57

538.75

768.41

(680.19)

6557.61

115.74

724.64

96.70

250.42

195.59

48.AA

14.57

15.57

19.39

30.14

38.83

293.59

242.32

225.61

535.91

445.44

80.15
-\-\43.47

851.21

1164.90

1892.31

2016.11

2l211 22

54.1.,13

(net)

12905.4J

(a) Cost of Conshuction

(b) (Incrcare)/ Decreasc in wlP & Finished goods
(c) Employe Banefit Erpcns6
(d) Depreciation and amortisation cryen*s

Profit / {Loss} froltl op.atton6 befor oih.r in.ome,

ad

erception.l

il.rn

firar.e

cosls

(1-2)

(147.28)

4
5

[oi!) fron ordin.ry

erc.ptior.l il.nr (3 + 4)
Profit /

fin

.ctivltlcs befor.

.e costs

Profit / (I-o$) fron ordimry .ctiviti.s

.fl.r fi.

.e

/ (Lo66) fioln

oldin.ry a.livilis

Defore

(7

(208.59)

705.r0

1361.00

221.11

343.92

539.59

966.03

36.32

139.01

801.60

175.33

1244.69

2i27.03

1.55

L34

1.97

2.49

4.45

7.95

34.77

137.67

799.63

tTz.44

124o.24

2319.0E

4.05

(2.U)

1.21

9.E7

38.82

134.E3

.osti but bIote

580.49

2c0.32

ad

6
7

(61.3r)

183.60

+,

8)

(9.50)
790.13

173.55

lrt7.21)

1250.1I

2201.a7

(323.45)

(63r.70)

t0

Profit/

11

(Loss) from ordinary a.tivities after

tix (9+/-

10)

(218.3r)

(6.01)

0.24)

14.74

2.00

3.62

2.26

5.52

3.75

5.35

39.58

133.68

574.08

t73.26

930.41

1575.52

39.58

133.68

574.08

173.26

930.41

1575.57

12

13 Nel

Profil / (Loss) fo.the

63154

t5

Reserve ercluding Rvalualion R.serves as per

bal

ce

631.54

sheet of
21568.97

P.cvious a..ountinq ycar

t6.i Eamings per share (beforc extra-ordinary items)

(b) Diluled
16.ii Eamings pe.6h.te
(a) Basic
(b) Diluted

0.63

2.12

9.09

2.74

14.73

24.95

0.63

2.12

9.09

2_74

14.73

24.95

0.63

2.12

9.09

2.74

14.73

24 95

0.63

2.12

9.09

2.74

14.73

24-95

(.ft.r ellra'ordinary ilemd

c
ppod

PODDAR HOUSING AND DEVELOPMENT LIMITED

U.-Atrdited Consolidated Finrn.ial REsults for the Ourrter nded 30th Sbt.nber

2015

CIN:L51909MH1982PLC143066
30.09.2016

(a) NetSales/ In.one fro.n operations

(b) Other OperatinS In.ome

30,06.2016

30,09,2015

30,09,2016

30,09.2015

31,03,2016

l00l.59

1443.22

2654.41

2444.81

3279.91

13333.06

169.70

174.19

208.97

347.89

270.25

1181.00

1171.29

1621.,11

2792.7A

3550.16

14514.46

rc9.48

784.70

't298.95

1523.78

2815.56

4810.35

81.35

390.17

625.55

471.52

(739.08)

6490.99

127.64

125.22

98.11

252.85

199.67

429.95

15.08

16.12

19.9\

31.20

39.77

82.20

297.9E

250.27

230.65

544.25

500.83

1166_91

1261.13

1566.48

2773.19

(.) Cost of Construction

(b) (Increas)/ Deqea* in WIP & linishcd goods
(.) Ehployee Benefit Expenses
(d) Deprecialion and amortisation cxp.nses

Piofit / (Loss) from operations before other in.ome,

:nd exceptionil items (1-2)

fin

froll ordinery a.tivities after finar.e

ex.eplior:l lt..!s G +/- 5)
Profit / (Loss)

.osas but

Profit / {Loss) lrom ordinary a.livilier before

(89.84)

54.93

600.19

(34.91)

733.47

1533.66

173.44

't46.49

214.57

359.93

529,72

938.95

83.60

247.42

4t4.76

325.02

1262.53

2472.61

1.55

1.41

2.14

2.96

6.60

10.46

82.05

240.41

8\2.62

322.06

1255.93

2462.\5

1.27

9.47

323.27

1265.80

2344.94

(57.26)

(332.51)

(58s.90)

befor.

8
9

2816.75

fiM.. .Gti dd

Profit / (Loss) Irom ordimry activilies befole

exceptioral itetr (3 +/- 4)

6
7

2t)27.b1

(e costs

td

{7 +/- 8)

4.05

(2.84)

(e.50)

86.10

237.17

803.12

(17.49)

139.V)

(224.01)

2.40

3.68

2.43

6.08

4.59

4.74

v.o1

201.08

581.94

272.8

937.74

'\6$.42

7t.0t

581.94

277 A9

937.74

1563.82

0.00

0.35

lt17.2t)

10

11

Profit/ (LG5) ftom ordindy activities after

12 lixtraordiDry items
13 lNel Profit /lloss) for the period {11+nu)

td

(9 +/- 10)

14 Minodty Intcrest

1s
17

^\er

Profir/ (Loss) for rhe

(13 +/' 14)

1.10

'\.23

7t.01

201 08

582.29

271.49

938.88

1665.05

631.54

6i1.54

631.5.1

631.54

631.54

631 54

I{eserve excludilg Revaluation Rescrves as perbalance sheet of

11889.97

previous accounting Year

t8.i ErminSs per shde (befor extra-ordin!ry itms)

(a) Basic

(b) Diluted
18.ii Earnings per shrre (after ertrr-ordinary itemd
) Diluted

7.12

3.18

9.22

4.31

74.47

26.36

1.t2

3.18

9.22

4.3\

14.87

26.36

t.12

3.18

9.22

4.31

74.A7

26.36

1.12

3.18

9.22

4.31

14.87

26.36

c Av Elp
\i,'t"
p0d

Statement of

Asts

and Liablities as at 30.09.2016

31.03.2016

30.09.2015

31.03.2015

30.09.2016

EOEITAIII'f, IABILITIES
1

(b)

R*rv6

and surplus

Sub-lotrl - Sh.rehol d.6' fu!.ls

Shrre appli.ation

531.54

531.54

531.54

637.54

21740.67

21568.97

22160.69

21889.97
2?521.51

2237221

non.y pen.lint .llothenl

NoHuent li.biliti.g
(.) CXher lonS-tem liabilities

(d)t

111.00

277.OO

Sub-tot l - No!{unent

217.00

73.68

4.92

n8-lem povisions

(a) Short-tem

285.75

23.75

(a) LonS-rem bonown8s

O) Defened lar liablihs(nt,

li.bililies

29.1.83

111.00

5.43

94.67

217.51

boEowin$

O) Trade payableE
(.) Other olMt liatdliti6
(d) Shoit-tem provisions

a7.90

zl4.u

2808.24

2509.74

zfi.52
41D22

4\79-75

92.55

162.88

184.19

180.96

290.42

3rr4-10

30a.47

355.21

195.48

194.24

304.65

319.42

10.20

4.58

273_21

Sub-tot l - Ctrrelt li.biliti..

TOTAL. EQUTTY AND LIABILMES
a

ASSETS

(b)

Non-cuffi t invgtments

(() Dehrred tar A*ts (net)

(d) LonSrm lo.n! and.dvanG
(e) Other nondlmt issts

4575.46

5946.72

Sub-totil - Non-orent.ssct3

17.22

5.14

2417.fi

932.99

3lr.i

s.1

(a)

Curent investmmts

12444.E6

11566.90

t2444.45

@69.92

5940.13

t2ty:13

12525.52

204.05

376.83

300.29

t53.22

270.55

(d) Cash and cash equivalents

(e) Short-tem loan! and advanc
(f) Olher cDrent

11563.99

3A?.U

235.34

373.87

324.23

lu.74

{34-r9

724.U

asls

2.52

Sub-tot.l - Cur.nl assets

TOTAL. ASSETS

248.12.5U

19296.35

0e

-cg8l (
e

252
25983,19

1
2

The above results werc reviewed by the Audit Committee and approved by the Board of Directors in their respective meeting held on November
142016 and Statutory Auditors hav carried out limited review of the same.
The Consolidated Financial Results include the results of the

followint Companies

Name of the Company

% of the Shareholdint

Consolidated

as

Poddar Housing FZC, Sharjab U.A.E

100

Poddar Habitat Private Limited

100

Subsidiary

Viva Poddar Housing Private Limited

50

Joint venture

Subsidiary

The ComPany had rcceived demand notice of <.349.05 lacs (Prev.Yr.349.05 lacs) towards royalty including penal charts frcm Land revmue
authorities (Tahsildar) Govemment ofMaharashtra for excavation of Land and Stone in respect of tand at Badlapur aSainst which the Company had
Preferred an aPPcal before the higher authorities. The said authoitis have set aside the dmand and referred the matter back to the Iand rcvenue
authorities with an iistruction to rc-compute the liability. Accotdintt, there is no dcmand pendinS atainst the Company as on date. Liabiility, if any,
arises on rcomputation would be provided on completion of the assessment.

The Company has received a demand notice of Rs.127.81 lacs towards open land tax in respect of Tisgaon land from Kalyan Dombivdi Municipal
CorPoration after adiusting an amount of Rs.25 lacs paid by the Company under protest. The same has been disputed by the Company and the linal
liability will be accounted for as and when the mattcr is finally settled.
The results hav been derived from the Consolidated financial statement have been prepared by applying Accountint Standard "AS'21 Consolidated
Financial Statements" AS 23 and 2T "Financial Reporting of lnterest in Joint Venture", applicabl under the Companies (Accounts) Ruler 2014 (as
amended).

Work in proSress include <.955.49 tacs incurred towards development of infrastructure by on of the subsidiary company on the land agreed to be
developed jointl, belonging to the prcmoters of the Compan, pending certain statutory approvals. However if such approval are not received within
the resonable time or otherwise atreed between the partics, the said amount will bc rccovered from the considration ofsale proceeds of constructed
area alloted to them under phase-I of Attaon project.

Invmtories in consolidated Iinancial include {.3000 lacs, being the advancs $ven by the joint venture company to other entitiet in which one of the
dirctors of the joint venturc company is interested, out of the funds provided by the Company towards procurement of lan4 mainly in the year 201213. The Manatement is of the opinion that a pa of the land would be transferred to the said ioint venhrre company / directly to the Company by such
other entities in due course of time on Eceipt of the various statutory approvals. There is no si8nificant progress in the matter. ln the opinion of the
Board, the above is good and recovemble.

Loans and advances includes eamest money of t.100 lacs paid to a contractoi against devlopmnt of land at Badlapur extension project. However, the
said contract is cancelled and the Company is taking necessary steps to recover the same.

The Company had changed its revenue recognition principle for all projects laundred after 01.04.2014 as a result ofwhich revenue is being recoSnised
as per the threshold limits specified in thc Cuidance Note on "Real Estatc AccountinS". The operations of quarter nded September302015 also

included certain plojects which were in progress for which the revenue was recoSnised as per the carlicr method. Due to this the operating results for
quarter ended September 30,2015 are not comparable with rcsults for quarter ended September 30,2016.
Since the nature of the real estate business of the Company is such that proEts / losses do not necessarily accrue evenly over the period, the result of a

quarter may not be lepresentative of the profits / losses for the year.

10

The Company is dealing in only real estate setment. Hence, A917 on 'Segment Reponint' is not applicab)c to lhe Company.

11

Previous quarters'/ year's fitures have been rSrouped / rearranted wherevr considered necessary

De! e
Place : Mumbai

Date

: November 14,2016

o'

snb

N\u

0d

a\

and Developmenl Limite.l

Poddar DevelolB Limited)

R. S. SHAH & CO.,

CIIA RTI]R

Ii

I),TCCOU

PAN NO.AAYPSOsI ()i\I

218, Vartlhama n Chanr bcrs.

\T,{ \TS

Crlr asji Pttcl Strcet.

Forr, Munrbli _ 100 001

Tcl.: 22012469 I 26122746

Email: rssha hco@yah oo.conr
IND_E-PENDtrNT AUDITORS,
REVIEW REPORT

BOARD oF DtRECroRs oF
Ig.lHE
PODDAR

HOUSINC AND DEVELOPMENT

LIMITED

l)

we have revierved the accompanying

statenrent ofstandalone UnaLrdited
Financiar ResLrrts
Poddar Housing And Deve.lopnen,
lor
rhc
qL.rrrcr
erd 0 ,),),llr\
ended iOrh Seplernber. z0to
..s,r,"_.",:i'i";)-g"

,f

i;,rr,"il,rr.:i"r"nrrr..,

tihe
ri,tr,,,.a by rhe Cornpani nrrrsuirnr ro
Regutariorr
or.,t* sEd
and Discrosurc Rcqrrircrncnrsl
Reguratiorrs' 20r5 This Srarernenr
i, tr,e respo,r"sibiritl-orrr," corp.ny.s
Mana-rcrnerr and hlrs
"I"i.J,rlr'in".
been approved by the Board
or."-'""r.
or
Board
of i)irectors. our
responsibility is to issue a reporr "r
on rhe Srarement b;;;;, our revierv.

the

2)

o.

lJ

if;;l;J ili[il:r,

we conducte'

our review of- the. statement,

Engagemenrs (sRE) 24 r0,
or
Independenl Auditor of the.Ent;11
'.
-'n"ui.*

, in accordance with the

on Revier'
irilri-' ii#ii", InforrnationStandard
perrbrmed bv
rhe
ir.r.a ui-ir,,. ,"rri,,,[ alrrrrered Accounrrnrs
(rhe "ICA,"). This Standard
ol
lndir
reqr;r;r,;;;;;;;.ro'rluo*"t the revierv ro obrain
assurance
rnoderarc

as ro whether the Stalcrnent is

free.ol mare,iu-t'
prirnarily to inquiries olC
da,a ani,h.,
accordingly rve do not express an
audit opinion.

;;;;; i#ll,lll,::x*i;x;r *fi*lirk

3)

Based on our revierv

fflffiifltT

,",a *.

i,,u

above, nothing has come to our

attention thar causes Lrs t.
stalement or unaud-ited financiar resurts
prepared i, o..o,aon..

,::
"-2";i;il,i",;fi1ltli'^i::ilHi:i.::ffi
rrt";;;,;;;;;;;;ld

practices and poricies has noidiscroscd

l*Ii:#:H:,iffi:::ilil:'ilJr';;;;
For R. S. Shah & Co.,
Chartered Accouutants
Firm Registration No. 1 09762W

(Ranjeer S. Shah)

Place: Mutnbli
Date:

#illl

."rdi::!.::

:'.'.:XX;;l'"

Proprietor
(Mernbership No. 0j0 I
08)

jj#:,, f

&

o
@

**:illl*j:1#l,ir

ro be discrosed irr rcrnrs

ffiil,.';i'"*i,.n

,,

i, ," u. J;,.r"..a

orcrrrsc

",

,,,1,

,,

R. S. SHAH

& CO.,

CIIAI{TEREI) ACCOUNTANTS

218, Vanlharnlrn Cha

PAN NO.AAYPSO5IO[I

Carr asji l,atcl Strect.

Fort, lltunrbni

nr

bers,

100 0(,1

Tal.: 22012169 I 26122i t6

Ilntail:

rsshalt cotr,t.a h oo.conr

INDEPENDENT AUDITORS,
ITEVIEW REPORT

I9:HEBOARDOFDTRECToRSoF
PODDAR

"

HOUSING AND DEVELOPMIINT

LIMITED

l)

We have reviewed the a

R".,rt, oi

p;;;;;,j;;,;";'jlljilJ,,:i"iiL.ii;li,iiiffiq:,,.#ilf.,iil:,i,.:,;:H:l

end 6 rnonrhs ended

i0rh,sepremu.r:bro
..,
bcing subrnirred
cornpanl pursuanr ro rhc requirerr,",,i r,r,"::si"i"r"r,
rh..
o;il;,i;i,'r, n, rhe SEIJr (r6ri"rinu
obligations and Discto:,ure n.qr;r.,,,.n,ri;i,n.;;il;il:i'
2015 Howerer. in cas" ol.
loreigu subsidirr.r and ioinr
,,"
i,r;;i;;;,,,;etinanciat srarcrrenls. d.t\
cerrified by the managerienr. ,\enrure.
t.
rt . purpo... oi."rr",,JilL,
wilhoul any reriticariori.
This Srarernenr is rh-e responsibili,i
;r;;;;;T,r.rr*errrenr
approved by rhe Board of
and tras bccrl
"i,i*
Direciors
, a;;ffi", ir,,gorro ot l)irecrors.
responsibility is to issue a report
our
o, tfr. Srnt.n.,.nt Uoril # or, .-.ui.*.

2)

we conducted our revierv of

the statenre'nt, in accordance
'ri*,ii.r"riron,o,ion
with lhe standard on Revicrv

h:i"XilHl';:j:f

India (rhe '.tcAr..).

obtain rnoderate

'",l-',1.

3)

rnstirute

perft,r,red b)

rrrc

orct,onerea-n..o;;'#.';;

rhis ..:,:tjtl.j '.:'::l P.rhe

and perform
revie\\. to
;rr;;;" ,1"':"'':1"1:::^:n"1,'""Ilan
-" * r,,,sL,,sr rne Slatement is f.reerhe
of material

misstatenrents. A revierv i
analyrical procedrrrcs orr,,:

;;i * ; ffi

I.li.:,"r,,,.,i,,,

;;;::i;

l']l'ld
ft r jfi

prirr:arily to inqtriries of.Cornpany

pcrsorrnel rnd

l:i

Based on oLrr review condu

us to bclieve tha h.

"""",r:Y.t:!:Ye'

jlj. ;:i,H:

iJ";

I:: :: HilIli i iilt

nothing has come to our attention

ihat causcs

t;;#ffi j:l;rjf?'J.:lilif1j;i[,,'tle*]:i::l*l'iqr'l;':"",+**1'
of tlte cornpanies

,".ognir"i;;;#*
t.qui.eo toie Jict;;"i;"'
ott"i

rnanner in

hich it is ,o ba ot"t'nt
rlrc
,,,"
isclosed. or thrt il conlains
any ,i'rr"iiut ,ni..rui.,u;;,;.'.

For R. S. Shah & Co..

Chartered Accountants
Firrn Registrarion No. I 09762
W

t4-,J

'--.\
(Ranjeet S.

Shah)

Proprietor
(Mernbership No. 030 I
08)
Place: Mumbai
Date:

7-

(Accounls) Rulcs, 201+ anJ

":":]:^
practtces and policies has not
disciosed
oI clatrse 4l ol'the Listino Agrcen)enl iria.,.,,"ii",
incluclirrg