Statement of Audited Financial Results For The Quarter / Nine Months Ended December 31, 2016

( in crore )

Particulars	Quarter ended Dec 31, 2016	Quarter ended Sept 30, 2016	Quarter ended Dec 31, 2015	Nine Months ended Dec 31, 2016	Nine Months ended Dec 31, 2015	Year ended March 31, 2016
Particulars	Reviewed					Audited
Income from Operations :
Revenue from Operations	381.02	367.43	323.55	1,094.79	929.75	1,275.40
Total Income from Operations	381.02	367.43	323.55	1,094.79	929.75	1,275.40
Expenditure :
a) Finance Cost	229.70	235.14	203.40	688.94	592.32	807.41
b) Employee Benefit Expenses	11.40	17.45	10.55	38.59	34.52	42.80
c) Other Expenses	9.84	9.14	9.21	28.64	26.67	38.53
d) Depreciation	0.70	0.74	0.73	2.18	2.23	3.03
e) Provisions, Contingencies and Write off	32.73	9.13	17.84	54.40	37.09	21.93
Total Expenditure	284.37	271.60	241.73	812.75	692.83	913.70
Profit from Operations Before Other Income	96.65	95.83	81.82	282.04	236.92	361.70
Other Income	0.00	0.00	0.00	0.00	0.00	0.00
Profit Before Tax	96.65	95.83	81.82	282.04	236.92	361.70
Tax Expenses	32.61	33.85	28.08	95.84	81.16	118.12
Net Profit After Tax	64.04	61.98	53.74	186.20	155.76	243.58
Earnings per Share # (of 2 each) – Basic ()	1.760	1.703	1.478	5.118	4.285	6.699
– Diluted ()	1.760	1.703	1.478	5.118	4.284	6.698
Paid-up Equity Share Capital (Face Value of 2/- each)	72.79	72.78	72.73	72.79	72.73	72.74
Reserves excluding Revaluation Reserves as at March 31, 2016						762.56

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).
Loan Assets have increased from 10,519 crores as on December 31, 2015 to 12,534 crores as on December 31, 2016 registering a growth of 19%.
The aggregate NPAs of the Company are 0.54% of the Loan Assets without taking into account relaxation given by NHB circular NHB(ND)/DRS/Policy Circular No. 77/2016-17 dated November 21, 2016 as against 0.62% of the Loan Assets as on December 31, 2015. The Net NPAs of the Company are Nil./li>
During the quarter, the Company allotted 21,800 Equity Shares pursuant to the exercise of the stock options by employees.
During the period under review, there are no transactions in the nature of exceptional or extraordinary items.
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 and nine-months ended December 31, 2016, 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 their meeting held on January 13, 2017 in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.