Statement of Audited Financial Results For The Quarter / Year Ended March 31, 2018

( in crore )

Particulars	Quarter ended March 31, 2018	Quarter ended Dec 31, 2017	Quarter ended March 31, 2017	Year ended March 31, 2018	Year ended March 31, 2017
	Reviewed			Audited
Income from Operations :
Revenue from Operations	484.31	428.47	416.11	1,687.19	1,487.39
Total Income from Operations	484.31	428.47	416.11	1,687.19	1,487.39
Expenditure :
a) Finance Cost	253.34	251.17	230.68	982.45	919.62
b) Employee Benefit Expenses	10.21	12.37	10.02	54.51	48.61
c) Other Expenses	12.19	11.94	13.42	46.53	42.06
d) Depreciation & Amortisation	0.90	0.76	0.68	3.09	2.86
e) Provisions, Contingencies and Write offs	1.36	24.18	1.35	38.54	32.24
Total Expenditure	278.00	300.42	256.15	1,125.12	1,045.39
Profit Before Tax	206.31	128.05	159.96	562.07	442.00
Tax Expense
– Current Tax	44.90	44.25	25.26	166.00	120.00
– Deferred Tax	30.90	1.64	24.25	33.39	25.35
Total Tax Expense	75.80	45.89	49.51	199.39	145.35
Net Profit After Tax	130.51	82.16	110.45	362.68	296.65
Earnings per Share #(of 2 each) – Basic ()	3.57	2.25	3.03	9.93	8.15
– Diluted ()	3.56	2.24	3.03	9.91	8.15
Paid-up Debt Capital	35.00	35.00	35.00	35.00	35.00
Paid-up Equity Share Capital (Face Value of 2/- each)	73.14	73.13	72.91	73.14	72.91
Reserves excluding Revaluation Reserves as at March 31				1,307.78	1,040.30

# Not annualised for the quarters

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), specified under section 133 of the Companies Act, 2013.
Disbursements during the year ended March 31, 2018 amounted to 5,259 crores as compared to 4,125 crores during the corresponding period in previous year representing a growth of 27%. Loan Assets have increased from 13,244 crores as on March 31, 2017 to 15,568 crores as on March 31, 2018 registering a growth of 18%.
The aggregate NPAs of the Company are 0.45% of the Loan Assets as on March 31, 2018 as against 0.31% of the Loan Assets as on March 31, 2017. All NPAs have been fully provided and Net NPAs are Nil.
National Housing Bank (NHB) vide notification No. NHB.HFC.DIR.18/MD&CEO/2017 dated August 2, 2017 reduced the provisioning requirement on Standard Individual Housing Loans from 0.40% to 0.25%. In terms of the said notification, as of March 31, 2018, the Company continues to carry the provision of 20.25 crores which is higher than the revised regulatory requirement of minimum 0.25%.
During the quarter ended March 31, 2018, the Company has allotted 85,640 equity shares of 2 each 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.
Audited Balance Sheet :

( in crores)

Particulars	As At
	March 31, 2018	March 31, 2017
	Audited
Equity and Liabilities
Shareholders’ Funds
Share Capital	73.14	72.91
Reserves and Surplus	1,307.78	1,040.30
Sub-Total Shareholders’ Funds	1,380.92	1,113.21
Non-Current Liabilities
Long-Term Borrowings	6,665.54	10,491.96
Deferred Tax Liability (Net)	156.38	122.99
Other Long-Term Liabilities	16.09	65.43
Long-Term Provisions	139.64	106.85
Sub – Total Non – Current Liabilities	6,977.65	10,787.23
Current Liabilities
Short-Term Borrowings	5,493.35	22.99
Trade Payables	2.60	4.83
Other Current Liabilities	2,113.36	1,654.55
Short-Term Provisions	3.09	3.13
Sub – Total Current Liabilities	7,612.40	1,685.50
Total Equity and Liabilities	15,970.97	13,585.94
Assets
Non – Current Assets
Fixed Assets
Property, Plant and Equipment Intangible Assets	14.12 1.30	13.12 0.58
Non-Current Investments	83.03	158.09
Long-Term Loans and Advances
Loans Others	14,651.10 40.20	12,431.44 39.47
Other Non-Current Assets	0.00	33.00
Sub – Total Non – Current Assets	14,789.75	12,675.70
Current Assets
Current Investments	70.09	0.00
Cash and Bank Balances	73.12	38.65
Short-Term Loans and Advances
Loans Others	917.29 111.98	812.88 50.97
Other Current Assets	8.74	7.74
Sub – Total Current Assets	1,181.22	910.24
Total Assets	15,970.97	13,585.94

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 Schedule III to the Companies Act, 2013.

The estimates and assumptions regarding renewals as prescribed by the National Housing Bank (NHB) (which are taken into account for ALM purpose) are not considered while classifying the liabilities into “Current” and “Non-current”.

The Board of Directors have recommended a dividend of 3.30 Per Share of face value of 2 each for the financial year ended March 31, 2018.
The Board of Directors have recommended the issue of Bonus Shares in the ratio of one equity share of 2 each for every one equity share of 2 each (1:1). This is subject to the approval of the members of the Company at the ensuing Annual General Meeting (AGM).
Such bonus shares, if approved by the members of the company shall rank pari-passu with the existing equity shares, except for the entitlement of dividend for the financial year ended March 31, 2018.
Figures of the quarter ended March 31, 2018 and March 31, 2017 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 period figures.

The above results for the year ended March 31, 2018, which have been subjected to audit 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 April 14, 2018 in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The statutory auditors have expressed an unqualified audit opinion.