Statement of Unaudited Financial Results For The Quarter / Nine Months Ended December 31, 2017

( in crore )

Particulars	Quarter ended Dec 31, 2017	Quarter ended Sept 30, 2017	Quarter ended Dec 31, 2016	Nine Months ended Dec 31, 2017	Nine Months ended Dec 31, 2016	Year ended March 31, 2017
	Reviewed					Audited
Income from Operations :
Revenue from Operations	428.47	414.05	381.02	1,240.64	1,094.79	1,487.39
Total Income from Operations	428.47	414.05	381.02	1,240.64	1,094.79	1,487.39
Expenditure :
a) Finance Cost	251.17	241.49	229.70	729.11	688.94	919.62
b) Employee Benefit Expenses	12.37	19.85	11.40	44.30	38.59	48.61
c) Other Expenses	11.94	9.71	9.84	34.34	28.64	42.06
d) Depreciation & Amortisation	0.76	0.77	0.70	2.19	2.18	2.86
e) Provisions, Contingencies and Write offs	24.18	22.84	32.73	74.94	54.40	32.24
Total Expenditure	300.42	294.66	284.37	884.88	812.75	1,045.39
Profit Before Tax	128.05	119.39	96.65	355.76	282.04	442.00
Tax Expense
– Current Tax	44.25	39.95	38.24	121.10	94.74	120.00
– Deferred Tax	1.64	1.67	(5.63)	2.49	1.10	25.35
Total Tax Expense	45.89	41.62	32.61	123.59	95.84	145.35
Net Profit After Tax	82.16	77.77	64.04	232.17	186.20	296.65
Earnings per Share # (of 2 each) – Basic ()	2.25	2.13	1.76	6.36	5.12	8.15
– Diluted ()	2.24	2.13	1.76	6.35	5.12	8.15
Paid-up Equity Share Capital (Face Value of 2/- each)	73.13	73.08	72.79	73.13	72.79	72.91
Reserves excluding Revaluation Reserves as at March 31, 2017						1,040.30

# Not annualised for the quarters and nine-months.

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 nine-months period ended December 31, 2017 amounted to 3,748 crores as compared to 2,870 crores during the corresponding period in previous year representing a growth of 31%. Loan Assets have increased from 12,534 crores as on December 31, 2016 to 14,803 crores as on December 31, 2017 registering a growth of 18%.
The aggregate NPAs of the Company are 0.73% of the Loan Assets as on December 31, 2017 as against 0.67% of the Loan Assets as on September 30, 2017. All NPAs have been fully provided and Net NPAs are Nil.
During the quarter, the Company allotted 2,39,357 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 period figures.

The above results for the quarter and nine-months ended December 31, 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 January 20, 2018 in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.