Statement of Audited Financial Results For The Quarter / Half Year Ended September 30, 2013

( in crore )

Particulars	Quarter ended Sept 30, 2013	Quarter ended Sept 30, 2012	Quarter ended June 30, 2013	Half Year ended Sept 30, 2013	Half Year ended Sept 30, 2012	Year ended March 31, 2013
Particulars	(Un-Audited)					(Audited)
Income from Operations :
a) Revenue from Operation	210.50	156.98	182.60	393.10	304.75	650.44
b) Other Income	0.00	0.00	0.59	0.59	0.00	0.01
Total Income	210.50	156.98	183.19	393.69	304.75	650.45
Expenditure :
a) Finance Cost	138.99	100.09	115.83	254.82	194.58	404.42
b) Employee Benefit Expenses	11.13	7.12	6.68	17.81	13.32	24.18
c) Other Expenses	4.79	4.89	5.48	10.27	9.43	20.16
d) Depreciation	0.54	0.40	0.58	1.12	0.91	1.97
e) Provision for Contingencies / Bad Debts Written off	4.34	4.05	9.79	14.13	10.55	2.91
Total Expenditure	159.79	116.55	138.36	298.15	228.79	453.64
Profit Before Tax	50.71	40.43	44.83	95.54	75.96	196.81
Tax Expenses	16.36	13.22	11.06	27.42	22.03	50.93
Net Profit After Tax	34.35	27.21	33.77	68.12	53.93	145.88
Earning per Share (of 2 each) – Basic ()	1.914	1.531	1.887	3.801	3.040	8.209
– Diluted ()	1.910	1.529	1.882	3.792	3.034	8.157
Debenture Redemption Reserve (*)				–	–	–
Debt Equity Ratio (*)				10.18	9.61	10.01
Debt Service Coverage Ratio (*)				0.48	0.49	0.69
Interest Service Coverage Ratio (*)				1.44	1.45	1.50
Paid-up Debt Capital (*)				35.00	40.00	35.00
Paid-up Equity Share Capital ( Face Value of 2 )			35.87	35.91	35.57	35.70
Reserves and Surplus						455.29

PART – II Selected information for the Quarter / Half year ended September 30, 2013

A. Particulars of Share Holding	As At Sept 30, 2013	As At Sept 30, 2012	As At June 30, 2013	As At March 31, 2013
Public Shareholding
– No. of Shares	73031485	71311390	72846940	71937750
– Percentage of Shareholding	40.67	40.10	40.61	40.31
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)	59.33	59.90	59.39	59.69
() 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 Earnings 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, 2013
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, 2013 amounted to 1197.15 crores as compared to 959.96 crores during the corresponding previous year representing a growth of 25%. Loan Assets have increased from 4,661.31 crores as on September 30, 2012 to 6142.90 crores as on September 30, 2013 registering a growth of 32%.
The Gross NPAs of the Company as on September 30, 2013 are 24.93 crores (0.41% of the Loan Assets) as against 27.88 crores (0.60% of the Loan Assets) as on September 30, 2012. Net NPAs of the Company are maintained at Nil.
During the quarter, the Company allotted 1,84,545 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,
PARTICULARS	2013	2012	2013
Equity and Liabilities
Shareholders’ Funds
Share Capital	35.91	35.57	35.70
Reserves and Surplus	529.40	411.94	455.29
	565.31	447.51	490.99
Non-Current Liabilities
Long-Term Borrowings	4266.32	2561.52	3705.75
Other Long – Term Liabilities	44.04	27.01	22.06
Long-Term Provisions	54.47	50.79	41.70
	4364.83	2639.32	3769.51
Current Liabilities
Short-Term Borrowings	862.63	653.65	68.77
Trade Payables	0.27	0.54	0.75
Other Current Liabilities	672.33	1118.42	1215.70
Short-Term Provisions	1.85	0.90	54.31
	1537.08	1773.51	1339.53
	6467.22	4860.34	5600.03
Assets
Non-Current Assets
Tangible Assets	10.42	10.16	10.48
Intangible Assets	1.00	1.18	1.30
Non-Current Investments	45.10	21.03	40.33
Deferred Tax Assets (Net)	17.15	15.04	12.46
Long-Term Loans and Advances
– Loans	5777.08	4333.18	5015.35
– Others	25.19	25.33	27.03
Other Non-Current Assets	0.00	9.00	0.00
	5875.94	4414.92	5106.95
Current Assets
Current Investments	0.00	14.95	24.81
Cash and Bank Balances	151.64	67.46	22.12
Short-Term Loans and Advances	69.84	29.20	21.72
Other Current Assets
– Loans	365.82	328.13	422.45
– Others	3.98	5.68	1.98
	591.28	445.42	493.08
	6467.22	4860.34	5600.03

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 quarter / half-year ended September 30, 2013, 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, 2013 in terms of Clause 41 of the Listing Agreement.