| Unaudited Financial Results for the Nine Months ended December 31, 2010 |
PARTICULARS |
Quarter
ended
31.12.2010 |
Quarter
ended
31.12.2009 |
Nine months
ended
31.12.2010 |
Nine months
ended
31.12.2009 |
Year ended
31.3.2010
|
| |
(Reviewed) |
(Audited) |
| |
Rupees in Crores |
| Income from Operations |
3,148.95 |
2,705.57 |
8,852.63 |
8,282.00 |
11,128.88 |
| Profit on Sale of Investments |
167.22 |
51.38 |
226.17 |
163.98 |
209.40 |
| Other Income |
4.87 |
5.26 |
14.41 |
15.53 |
22.55 |
| Total Income |
3,321.04 |
2,762.21 |
9,093.21 |
8,461.51 |
11,360.83 |
Expenditure :
-Interest and Other Charges
- Staff Expenses
- Other Expenses
- Depreciation |
1,992.84
45.05
64.72
5.55 |
1,704.23
38.87
57.37
4.49 |
5,429.98
137.16
199.09
13.97 |
5,503.54
114.25
180.69
12.92 |
7,063.08
146.65
216.91
18.20 |
| Total Expenditure |
2,108.16 |
1,804.96 |
5,780.20 |
5,811.40 |
7,444.84 |
| Profit Before Tax |
1,212.88 |
957.25 |
3,313.01 |
2,650.11 |
3,915.99 |
| Tax Expense |
322.00 |
286.00 |
920.00 |
750.00 |
1,089.50 |
| Profit After Tax |
890.88 |
671.25 |
2,393.01 |
1,900.11 |
2,826.49 |
Earnings per Share - (Rs)
- Basic
-
Diluted |
6.09
5.91 |
4.69
4.53 |
16.42
16.07 |
13.31
12.92 |
19.76
19.18 |
| Paid-up Equity Share Capital (Face value Rs.2) |
|
|
292.87 |
285.85 |
287.11 |
| Reserves as at March 31 |
|
|
|
|
14,910.55 |
Public Shareholding :
- Number of Shares
- Percentage of Shareholding |
|
|
146,43,63,840
100 |
142,45,27,310
100 |
143,55,51,110
100 |
Promoters and promoter group shareholding
a)Pledged/
Encumbered
- Number of Shares
- Percentage of Shares (to total promoter holding)
- Percentage of Shares (to total share capital)
b) Non-Encumbered
- Number of Shares
-
Percentage of Shares (to total promoter holding)
- Percentage of Shares (to total share capital) |
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Notes:
- As at December 31, 2010, the loan book stood at Rs.1,09,051 crores as against Rs.90,410
crores in the Previous Year. Loans sold during the preceding 12 months amounted to
Rs.5,387 crores. The growth in loan book inclusive of loans sold is 27%.
- The Corporation’s main business is to provide loans for the purchase or construction of residential houses. All other activities of the Corporation revolve around the main business. As such, there are no separate reportable segments, for the Corporation, as per the Accounting Standard on Segment Reporting (AS 17), notified by the Companies (Accounting
Standards) Rules, 2006
- As per the newly introduced provisioning requirement in terms of National Housing Bank
(NHB) Circular No. NHB (ND)/DRS Pol.No.37/2010-11 dated December 24, 2010, the
Corporation is required to make a provision of (i) 0.40% on Standard Assets under housing loans to non individuals and (ii) 2% on Standard Assets in respect of housing loans granted under the Dual Rate Home Loan (DRHL) scheme. This requirement has been partly met by utilisation of Rs.272 crores (net) from Additional Reserve under Section 29 C of the National
Housing Bank Act 1987.
- During the quarter ended December 31, 2010, the Corporation has allotted 42,34,390 equity shares of Rs.2 each pursuant to exercise of stock options by certain employees/directors.
- There was no investor complaint that was unresolved as on October 1, 2010. During the
quarter, the Corporation received nine (9) investor complaints. All of which were resolved and as such there was no unresolved investor complaint as at the end of the quarter.
- Figures for the previous period have been regrouped wherever necessary, in order to make
them comparable.
The above results for the quarter ended December 31, 2010, which have been subject to a
Limited Review by the Auditors of the Corporation, were reviewed by the Audit Committee of
Directors and subsequently approved by the Board of Directors at its meeting held on
January 14, 2011, in terms of Clause 41 of the Listing Agreement.
Deepak S Parekh
Chairman
|
Investor Relations
