Housing Development Finance : Limited Review Report of the Standalone Unaudited Financial Results of the Corporation for the quarter ended June 30, 2021

B S R & Co. LLP

Chartered Accountants

14th Floor, Central B Wing and North C Wing,	Telephone: [phone]
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Goregaon (East), Mumbai - 400 063

Limited review report on unaudited quarterly standalone financial results of Housing Development Finance Corporation Limited under Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

To the Board of Directors of

Housing Development Finance Corporation Limited

1. We have reviewed the accompanying statement of unaudited quarterly standalone financial results of Housing Development Finance Corporation Limited (the 'Corporation') for the quarter ended 30 June 2021 (the 'Statement').
2. This Statement, which is the responsibility of the Corporation's management and approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ('Ind AS 34'), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the 'Listing Regulations'). Our responsibility is to issue a report on the Statement based on our review.
3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard 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 corporation 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.
4. Attention is drawn to the fact that the figures for the three months ended 31 March 2021 as reported in the Statement are the balancing figures between audited figures in respect of the full previous financial year and the published year to date figures up to the third quarter of the previous financial year. The figures up to the end of the third quarter of previous financial year had only been reviewed and not subjected to audit.
5. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with applicable accounting standards and other recognised accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations including the manner in which it is to be disclosed, or that it contains any material misstatement.

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B S R & Co. LLP

Limited review report on unaudited quarterly standalone financial results of Housing Development Finance Corporation Limited under Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Continued)

6. As described in Note 4 to the Statement, the extent to which the COVID-19 pandemic will impact the Corporation's results is dependent on future developments, which are uncertain. Our review report is not modified in respect of this matter.

For B S R & Co. LLP

Chartered Accountants

Firm's Registration No: 101248W/W-100022

SAGAR PRAVIN LAKHANI

Digitally signed by SAGAR PRAVIN LAKHANI Date: 2021.08.02 11:05:47 +05'30'

	Sagar Lakhani
	Partner
Mumbai	Membership No: 111855
2 August 2021	UDIN: 21111855AAAAEU9639