Income Statement (INR Cr)		Units	Mar-14
Saleable Units			4,570
Revenues
Gross Revenues		INR Cr	2,116
Less: Environment Cess		INR Cr	5
Net Revenues		INR Cr	2,121
Growth (%)			-1.9%
Expenses
O&M Expenses (% of Project Costs)		INR Cr	146
YoY Escalation			5.72%
EBITDA		INR Cr	1,974
Margin (%)			93.1%
Book Depreciation		INR Cr	439
Interest Expenses		INR Cr	786
Interest Income		INR Cr	16
Profit Before Tax		INR Cr	766
Margin (%)			36.1%
Tax		INR Cr	146
Effective Tax Rate (%)			19.1%
Profit After Tax		INR Cr	620
Margin (%)			29.2%

Balance Sheet (INR Cr)		Units	Mar-13	Mar-14
Assets
Fixed Assets
Gross Block		INR Cr	9,237	9,237
Less: Accumulated Depreciation		INR Cr	439	878
Net Block		INR Cr	8,798	8,359
Capital Work-in-Progress		INR Cr	-	-
Working Capital
Receivables		INR Cr	360	353
O&M Expenses		INR Cr	23	24
Maintenance Spares		INR Cr	92	98
Cash		INR Cr	267	679
Total Assets		INR Cr	9,540	9,514
Liabilities and Stockholders' Equity
Equity Share Capital		INR Cr	2,771	2,771
Retained Earnings		INR Cr	593	1,213
Total Net Worth		INR Cr	3,364	3,984
Debt
Project Debt		INR Cr	5,819	5,173
Working Capital Loan		INR Cr	357	357
Total Debt		INR Cr	6,176	5,529
Total Liabilities and Stockholders' Equity		INR Cr	9,540	9,514

cash flow statemnts for march 14