Statement of Audited Financial Results For Half Year Ended September 30 2012

( in crore )

Particulars	Quarter ended Sept 30, 2012	Quarter ended Sept 30, 2011	Quarter ended June 30, 2012	Half Year ended Sept 30, 2012	Half Year ended Sept 30, 2011	Year ended March 31, 2012
Particulars	(Un-Audited)					(Audited)
Income from Operations :
a) Revenue from Operation	156.98	122.38	147.77	304.75	236.36	513.91
b) Other Income	–	0.01	–	–	0.05	0.07
Total Income	156.98	122.39	147.77	304.75	236.41	513.98
Expenditure :
a) Finance Cost	100.09	74.01	94.49	194.58	140.28	310.11
b) Employee Benefit Expenses	6.94	5.58	5.99	12.93	10.43	19.68
c) Other Expenses	5.07	4.10	4.75	9.82	7.67	16.89
d) Depreciation	0.40	0.55	0.51	0.91	1.12	2.36
d) Provision for Contingencies / Bad Debts Written off	4.05	5.38	6.50	10.55	17.01	2.18
Total Expenditure	116.55	89.62	112.24	228.79	176.51	351.22
Profit Before Tax	40.43	32.77	35.53	75.96	59.90	162.76
Tax Expenses	13.22	11.85	8.81	22.03	18.43	42.42
Net Profit After Tax	27.21	20.92	26.72	53.93	41.47	120.34
Earnings per Share (Refer Note No. 4) – Basic ()	1.531	1.187	1.509	3.040	2.355	6.825
– Diluted ()	1.529	1.188	1.505	3.034	2.354	6.802
Debenture Redemption Reserve (*)				–	–	–
Debt Equity Ratio (*)				9.61	9.18	9.94
Debt Service Coverage Ratio (*)				0.49	0.33	0.58
Interest Service Coverage Ratio (*)				1.45	1.56	1.54
Paid-up Debt Capital (*)				40.00	40.00	40.00
Paid-up Equity Share Capital ( Face Value of 2/- each ) (Refer Note No. 4)			35.49	35.57	35.30	35.30
Reserves and Surplus						350.25

PART – II Selected information for the half year ended September 30, 2012 (Refer Note No. 4)

A. Particulars of Share Holding	As At June 30, 2012	As At Sept 30, 2012	As At Sept 30, 2011	As At March 31, 2012
Public Shareholding
– No. of Shares	70929475	71311390	69940290	69974265
– Percentage of Shareholding	39.97	40.10	39.63	39.64
Promoters and Promoter Group Shareholding
a) Pledged / Encumbered
– No. of Shares	Nil	Nil	Nil	Nil
– Percentage of Shares (as a % of the total Shareholding of promoter and promoter group)	Nil	Nil	Nil	Nil
– Percentage of Shares (as a % of the total Share Capital of the Company)	Nil	Nil	Nil	Nil
b) Non – encumbered
– No. of Shares	106538925	106538925	106538925	106538925
– Percentage of Shares (as a % of the total Shareholding of promoter and promoter group)	100	100	100	100
– Percentage of Shares (as a % of the total Share Capital of the Company)	60.03	59.90	60.37	60.36
() Information provided pursuant to Securities and Exchange Board of India circular dated May 11, 2009 in terms of Simplified Listing Agreement for Debt Securities. () ISCR = Cash Earning Before Interest and Tax / Interest Expenses; DSCR = (Cash Earning Before Interest and Tax + Principal repayment of Loan Assets) / (Interest + Principal repayment of Borrowings).
B. Investor Complaints				Quarter ended Sept 30, 2012
Pending at the beginning of the quarter				Nil
Received during the quarter				Nil
Disposed off during the quarter				Nil
Remaining unresolved at the end of the quarter				Nil

NOTES :-

The Company’s main business is to provide loans for purchase or construction of residential houses. All other activities of the Company revolve around the main business. As such, there are no separate reportable segments as per the Accounting Standard on Segment Reporting (AS 17).
Disbursements during the half year ended September 30, 2012 amounted to 959.96 crores as compared to 647.56 crores during the corresponding previous year representing a growth of 48%. Loan Assets have increased from 3543.52 crores as on September 30, 2011 to 4672.03 crores as on September 30, 2012 registering a growth of 32%.
The Gross NPAs of the Company are 27.88 crores (0.60% of the Loan Assets) as against 39.26 crores (1.11% of the Loan Assets) as on September 30, 2011. Net NPAs have been maintained at Nil.
Pursuant to the approval of the Shareholders at the 26th Annual General Meeting, the nominal face value of the equity shares of the Company was sub-divided from 10 each to 2 each with effect from July 26, 2012. Accordingly, the number of shares and the earnings per share of the previous periods, year have been restated to make the same comparable.
During the quarter, the Company allotted 3,81,915 Equity Shares pursuant to the exercise of the stock options by certain employees/directors.
During the period under review, there are no transactions in the nature of exceptional or extraordinary items.

A Statement showing Equity and Liabilities and Assets as required under clause 41(V) (h) of Listing Agreement is as under:

( in crores)

PARTICULARS	As At September 30,		As At March 31, 2012
PARTICULARS	2012	2011	As At March 31, 2012
EQUITY AND LIABILITIES
Shareholders’ Funds
Share Capital	35.57	35.30	35.30
Reserves and Surplus	411.94	318.49	350.25
	447.51	353.79	385.55
Non-Current Liabilities
Long-Term Borrowings	2561.52	1944.51	2834.07
Other Long – Term Liabilities	27.01	4.50	7.33
Long-Term Provisions	50.79	57.19	41.31
	2639.32	2006.20	2882.71
Current Liabilities
Short-Term Borrowings	653.65	653.22	232.35
Trade Payables	0.54	1.12	1.18
Other Current Liabilities	1118.42	673.81	785.60
Short-Term Provisions	0.90	0.68	48.68
	1773.51	1328.83	1067.81
	4860.34	3688.82	4336.07
ASSETS
Non-Current Assets
Tangible assets	10.16	10.37	10.31
Intangible assets	1.18	1.55	1.35
Non-Current Investments	21.03	17.16	24.33
Deferred Tax Assets (Net)	15.04	17.59	11.95
Long-Term Loans and Advances
– Loans	4342.12	3303.90	3795.71
– Others	4.37	2.28	3.36
Other Non-Current Assets	9.00	0.00	0.00
	4402.90	3352.85	3847.01
Current Assets
Current Investments	14.95	1.76	0.10
Cash and Bank Balances	67.46	55.34	169.48
Short-Term Loans and Advances	39.44	37.19	34.84
Other Current Assets
– Loans	329.91	239.62	281.71
– Others	5.68	2.06	2.93
	457.44	335.97	489.06
	4860.34	3688.82	4336.07

The Classification of Assets and Liabilities into Current and Non-Current is carried out based on their residual maturity profile as per the requirement of Revised Schedule VI to the Companies Act, 1956.
The estimates and assumptions regarding prepayments and renewals as prescribed by the National Housing Bank (NHB) (which are taken into account for ALM purpose) are not considered while classifying the assets and liabilities into Current and Non-current.

Previous period/year figures have been regrouped and reclassified, where necessary, to make them comparable with current quarter figures.

The above results for the half-year ended September 30, 2012, which have been subjected to a ‘Limited Review’ by the Auditors of the Company, were reviewed and recommended by the Audit Committee of Directors and subsequently approved by the Board of Directors at its meeting held on October 11, 2012 in terms of Clause 41 of the Listing Agreement.