Statement of Audited Financial Results For The Year Ended March 31 2013

( in crore )

Particulars	Quarter ended March 31, 2013	Quarter ended March 31, 2012	Quarter ended Dec 31, 2012	Year ended March 31, 2013	Year ended March 31, 2012
Income from Operations :
a) Revenue from Operation	194.22	165.73	166.41	650.44	514.17
b) Other Income	0.00	0.00	0.01	0.01	0.07
Total Income	194.22	165.73	166.42	650.45	514.24
Expenditure :
a) Finance Cost	108.24	88.25	101.60	404.42	310.10
b) Employee Benefit Expenses	3.97	4.16	6.53	23.43	19.68
c) Other Expenses	5.68	4.85	5.41	20.91	17.15
d) Depreciation	0.54	0.66	0.52	1.97	2.36
e) Provision for Contingencies/ Bad Debts Written off	0.88	0.81	6.42	2.91	2.19
Total Expenditure	119.31	98.73	120.48	453.64	351.48
Profit Before Tax	74.91	67.00	45.94	196.81	162.76
Tax Expenses	11.85	11.43	17.05	50.93	42.42
Net Profit After Tax	63.06	55.57	28.89	145.88	120.34
Earnings per Share (of 2 each)
– Basic ()	3.544	3.151	1.625	8.209	6.825
– Diluted ()	3.499	3.129	1.624	8.157	6.802
Debenture Redemption Reserve (*)				–	–
Debt Equity Ratio (*)				10.01	9.94
Debt Service Coverage Ratio (*)				0.69	0.58
Interest Service Coverage Ratio (*)				1.50	1.54
Paid-up Debt Capital (*)				35.00	40.00
Paid-up Equity Share Capital (Face Value of 2/- each)				35.70	35.30
Reserves as at March 31				455.29	350.25

PART – II Selected information for the quarter / year ended March 31, 2013

A. Particulars of Share Holding	As At March 31, 2013	As At Dec 31, 2012	As At March 31, 2012
Public Shareholding
– No. of Shares	71937750	71441585	69974265
– Percentage of Shareholding	40.31	40.14	39.64
Promoter and Promoter Group Shareholding
a) Pledged / Encumbered
– No. of Shares	Nil	Nil	Nil
– Percentage of Shares (as a % of the total Shareholding of Promoter and Promoter group)	Nil	Nil	Nil
– Percentage of Shares (as a % of the total Share Capital of the Company)	Nil	Nil	Nil
b) Non – Encumbered
– No. of Shares	106538925	106538925	106538925
-Percentage of Shares (as a % of the total Shareholding of Promoter and Promoter group)	100	100	100
-Percentage of Shares (as a % of the total Share Capital of the Company)	59.69	59.86	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 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 March 31, 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 year ended March 31, 2013 amounted to 2174.39 crores as compared to 1486.52 crores during the corresponding previous year representing a growth of 46%. Loan Assets have increased from 4066.80 crores as at March 31, 2012 to 5437.80 crores as at March 31, 2013 registering a growth of 34%.
The Gross NPAs of the Company are 17.64 crores (0.32% of the Loan Assets) as against 21.11 crores (0.52% of the Loan Assets) as on March 31, 2012.
Revenue from operations for the quarter ended March 31, 2013 includes write back of excess provision of 14.94 crores made in the earlier quarters of the year as against 19.84 crores written back in the corresponding quarter in the previous year.
During the quarter, the Company allotted 4,96,165 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 March 31,
PARTICULARS	2013	2012
Equity and Liabilities
Shareholders’ Funds
Share Capital	35.70	35.30
Reserves and Surplus	455.29	350.25
	490.99	385.55
Non-Current Liabilities
Long-Term Borrowings	3705.75	2834.07
Other Long – Term Liabilities	22.06	7.33
Long-Term Provisions	41.70	41.31
	3769.51	2882.71
Current Liabilities
Short-Term Borrowings	68.77	232.35
Trade Payables	0.75	1.18
Other Current Liabilities	1215.70	785.60
Short-Term Provisions	54.31	48.68
	1339.53	1067.81
	5600.03	4336.07
Assets
Non-Current Assets
Tangible assets	10.48	10.30
Intangible assets	1.30	1.34
Non-Current Investments	40.33	24.33
Deferred Tax Assets (Net)	12.46	11.95
Long-Term Loans and Advances
Loans	5015.35	3788.12
Others	27.03	28.62
	5106.95	3864.66
Current Assets
Current Investments	24.81	0.10
Cash and Bank Balances	22.12	169.48
Short-Term Loans and Advances	21.72	20.22
Other Current Assets
Loans	422.45	278.68
Others	1.98	2.93
	493.08	471.41
	5600.03	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.

The Board of Directors have recommended a dividend of 2.50 Per Share of face value of 2 each. The dividend recommended will also be applicable for the full year in respect of Equity Shares issued during the year.
Figures of the quarter ended March 31, 2013 and March 31, 2012 are the balancing figures between audited figures in respect of the full financial year and published year to date figures up to the third quarter of the relevant 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 were reviewed and recommended by the Audit Committee of Directors and subsequently approved by the Board of Directors at the meeting held on April 12, 2013.