Statement of Audited Financial Results For The Year Ended March 31 2012

(*) 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)

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 year ended March 31, 2012 amounted to 1486.52 crores as compared to 1210.69 crores during the corresponding previous year representing a growth of 23%. Loan Assets have increased from 3176.85 crores as on March 31, 2011 to 4077.43 crores as on March 31, 2012 registering a growth of 28%.
• The Gross NPAs of the Company are 21.11 crores (0.52% of the Loan Assets) as against 25.86 crores (0.81% of the Loan Assets) as on March 31, 2011.
• Revenue from operations for the quarter ended March 31, 2012 includes write back of excess provision of 19.84 crores made in the earlier quarters of the year as against 14.61 crores written back in the corresponding quarter in the previous year.
• 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 March 31,
  	2012	2011
  EQUITY AND LIABILITIES
  Shareholders’ Funds
  Share Capital	35.30	35.16
  Reserves and Surplus	350.25	282.78
  	385.55	317.94
  Non-Current Liabilities
  Long-Term Borrowings	2834.07	2012.35
  Other Long – Term Liabilities	7.33	3.63
  Long-Term Provisions	41.31	29.38
  	2882.71	2045.36
  Current Liabilities
  Short-Term Borrowings	232.35	299.52
  Trade Payables	1.18	1.77
  Other Current Liabilities	785.60	679.10
  Short-Term Provisions	48.68	46.15
  	1067.81	1026.54
  	4336.07	3389.84
  ASSETS
  Non-Current Assets
  Tangible assets	10.31	10.51
  Intangible assets	1.35	1.70
  Non-Current Investments	24.33	12.43
  Deferred Tax Assets (Net)	11.95	9.27
  Long-Term Loans and Advances
  Loans	3795.71	2977.73
  Others	3.36	1.61
  	3847.01	3013.25
  Current Assets
  Current Investments	0.10	22.23
  Cash and Bank Balances	169.47	123.69
  Short-Term Loans and Advances	34.84	30.65
  Other Current Assets
  Loans	281.72	199.12
  Others	2.93	0.90
  	489.06	376.59
  	4336.07	3389.84

  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 per the Circular no NHB/ND/DRS/Pol-No-35/2010-11 dated October 11, 2010, issued by the National Housing Bank(NHB) are not considered while classifying the assets and liabilities into current and non-current. Consequently in the Balance Sheet shown above, the Current Liabilities are reported higher by 39.02 crores and Current Assets are reported lower by 336.03 crores.

• During the period under review, there are no transactions in the nature of exceptional or extraordinary items.
• The Board of Directors have recommended a dividend of 11.50/- Per Share. The dividend recommended will also be applicable for the full year in respect Equity Shares issued during the year.
• There was no investor complaint that was unresolved as of January 1, 2012. During the quarter ended March 31, 2012 the Company received one investor complaint which was resolved during the quarter. As such there was no unresolved investor complaint at the end of the said quarter.
• The figures of last quarter are the balancing figures between audited figures in respect of the full financial year and the published year to date figures up to the end of third quarter of the current financial year.
• Previous period/year figures have been regrouped and reclassified, where necessary, to make them comparable with current quarter figures.

The above audited results for the year ended March 31, 2012 has been approved by the Board of Directors at its meeting held on April 24, 2012.