Statement of Unaudited Financial Results For The Quarter / Half Year Ended September 30, 2017

( in crore )

Particulars	Quarter ended Sept 30, 2017	Quarter ended June 30, 2017	Quarter ended Sept 30, 2016	Half Year ended Sept 30, 2017	Half Year ended Sept 30, 2016	Year ended March 31, 2017
	Reviewed					Audited
Income from Operations :
a) Revenue from Operations	414.05	398.12	367.43	812.17	713.77	1,487.39
b) Other Income	0.00	0.00	0.00	0.00	0.00	0.00
Total Income from Operations	414.05	398.12	367.43	812.17	713.77	1,487.39
Expenditure :
a) Finance Cost	241.49	236.45	235.14	477.94	459.24	919.62
b) Employee Benefit Expenses	19.85	12.08	17.45	31.93	27.19	48.61
c) Other Expenses	9.71	12.69	9.14	22.40	18.80	42.06
d) Depreciation	0.77	0.66	0.74	1.43	1.48	2.86
e) Provisions, Contingencies and Write offs	22.84	27.92	9.13	50.76	21.67	32.24
Total Expenditure	294.66	289.80	271.60	584.46	528.38	1,045.39
Profit Before Tax	119.39	108.32	95.83	227.71	185.39	442.00
Tax Expenses	41.62	36.08	33.85	77.70	63.23	145.35
Net Profit After Tax	77.77	72.24	61.98	150.01	122.16	296.65
Earnings per Share (of 2 each) # – Basic ()	2.13	1.98	1.70	4.11	3.36	8.15
– Diluted ()	2.13	1.98	1.70	4.11	3.36	8.15
Paid-up Debt Capital	35.00	35.00	35.00	35.00	35.00	35.00
Paid-up Equity Share Capital (Face Value of 2/- each)	73.08	73.02	72.78	73.08	72.78	72.91
Reserves excluding Revaluation Reserves as per Balance sheet of Previous accounting year						1,040.30

# Not Annualised for the quarters and half-years.

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 12,089 crores as on September 30, 2016 to 14,304 crores as on September 30, 2017 registering a growth of 18%
The aggregate NPAs of the Company are 0.67% of the Loan Assets as on September 30, 2017 as against 0.62% of the Loan Assets as on September 30, 2016. The Net NPAs of the Company are 0.07% of the Loan Assets as on September 30, 2017 as against 0.29% of the Loan Assets as on September 30, 2016.
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 September 30, 2017, the Company continues to carry the provision of 23.32 crores which is higher than the revised regulatory requirement of minimum 0.25%.
During the quarter, the Company has allotted 2,70,740 Equity Shares pursuant to exercise of stock options by employees.
During the period under review, there are no transactions in the nature of exceptional or extraordinary items.
A Statement showing Assets and Liabilities is as under :

( in crores)

Particulars	As At
	September 30, 2017	March 31, 2017
	Reviewed	Audited
Equity and Liabilities
Shareholders’ Funds
Share Capital	73.08	72.91
Reserves and Surplus	1,086.61	1,040.30
Sub-Total Shareholders’ Funds	1,159.69	1,113.21
Non-Current Liabilities
Long-Term Borrowings	7,478.72	10,491.96
Deferred Tax Liability (Net)	123.84	122.99
Other Long-Term Liabilities	66.03	65.43
Long-Term Provisions	154.63	106.85
Sub – Total Non – Current Liabilities	7,823.22	10,787.23
Current Liabilities
Short-Term Borrowings	4,081.43	22.99
Trade Payables	2.35	2.19
Other Current Liabilities	1,610.10	1,657.19
Short-Term Provisions	2.21	3.13
Sub – Total Current Liabilities	5,696.09	1,685.50
Total Equity and Liabilities	14,679.00	13,585.94
Assets
Non – Current Assets
Fixed Assets
Property, Plant and Equipment Intangible Assets	13.36 0.60	13.12 0.58
Non-Current Investments	155.60	158.09
Long-Term Loans and Advances
Loans Others	13,451.83 29.42	12,431.44 36.24
Other Non-Current Assets	12.46	33.00
Sub – Total Non – Current Assets	13,663.27	12,672.47
Current Assets
Cash and Bank Balances	61.07	38.65
Short-Term Loans and Advances	95.62	54.20
Other Current Assets
Loans Others	852.41 6.63	812.88 7.74
Sub – Total Current Assets	1,015.73	913.47
Total Assets	14,679.00	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) is not considered while classifying the liabilities into “Current” and “Non-current”.

Previous period/year figures have been regrouped and reclassified, where necessary, to make them comparable with current period figures.

The above results for the quarter and half-year ended September 30, 2017, 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 14, 2017 in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.