| Financial Results for the Year ended March 31, 2009 |
PARTICULARS |
Quarter
ended
31.3.2009 |
Quarter
ended
31.3.2008 |
Year ended 31.3.2009
(Audited) |
Year ended 31.3.2008
(Audited) |
|
Rs in Crores |
Income from Operations :
Interest Income
Other Operating Income |
2,935.01
210.76 |
2,240.26
69.41 |
10,486.27
483.29 |
7,783.99
259.10 |
Other Income |
6.67 |
8.00 |
22.87 |
19.71 |
Total Income (excluding Profit on Sale of Investments and Exceptional Items) |
3,152.44 |
2,317.67 |
10,992.43 |
8,062.80 |
Expenditure :
Interest and Other Charges
Staff Expenses
Other Expenses
Depreciation |
2,064.14
27.19
29.69
4.97 |
1,359.79
31.03
35.35
4.49 |
7,432.45
138.61
210.10
17.46 |
5,142.88
117.80
181.54
16.60 |
Total Expenditure |
2,125.99 |
1,430.66 |
7,798.62 |
5,458.82 |
Profit Before Profit on Sale of Investments and Exceptional Items |
1,026.45 |
887.01 |
3,193.81 |
2,603.98 |
Profit on Sale of Investments |
1.17 |
2.54 |
25.23 |
133.26 |
Exceptional Items |
0.00 |
202.07 |
0.00 |
636.26 |
Profit Before Tax |
1,027.62 |
1,091.62 |
3,219.04 |
3,373.50 |
Tax Expense |
294.25 |
323.50 |
936.50 |
937.25 |
Profit After Tax |
733.37 |
768.12 |
2,282.54 |
2,436.25 |
Earnings per Share - (Rs)
Basic
Diluted |
25.71
25.36 |
27.34
26.39 |
80.10
78.72 |
89.86
85.28 |
Paid-up Equity Share Capital
(Face value Rs 10) |
284.45 |
284.04 |
284.45 |
284.04 |
Reserves as at March 31 |
|
|
12,852.94 |
11,663.31 |
Public Shareholding :
Number of Shares
Percentage of Shareholding |
|
|
28,44,53,910
100 |
28,40,37,985
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) |
-
-
-
-
-
- |
-
-
-
-
-
- |
-
-
-
-
-
- |
-
-
-
-
-
- |
| Analysis of Profit after tax |
PARTICULARS |
Quarter ended
31.3.2009 |
Quarter ended
31.3.2008 |
Year ended 31.3.2009
(Audited) |
Year ended 31.3.2008
(Audited) |
|
Rs in Crores |
Profit After Tax as reported above |
733.37 |
768.12 |
2,282.54 |
2,436.25 |
Less : Profit on Sale of Investments – net of Tax |
0.48 |
1.83 |
23.71 |
108.22 |
Less : Exceptional Items – net of Tax |
0.00 |
156.72 |
0.00 |
493.48 |
Profit before Exceptional Items & Sale of Investments |
732.89 |
609.57 |
2,258.83 |
1,834.55 |
| Consolidated Financial Results |
PARTICULARS |
Year ended 31.3.2009
(Audited) |
Year ended 31.3.2008
(Audited) |
|
Rs in Crores |
Income from Operations :
Interest Income
Other Operating Income |
10,821.02
832.82 |
8,028.98
629.43 |
Other Income |
30.39 |
20.80 |
Total Income (excluding Profit on Sale of Investments and Exceptional Items) |
11,684.23 |
8,679.21 |
Expenditure :
Interest and Other Charges
Staff Expenses
Amounts transferred to Policyholders’ Account
Operating Loss from General Insurance Business
Other Expenses
- Depreciation |
7,647.42
272.63
535.85
35.71
315.24
36.64 |
5,271.96
230.49
263.20
23.56
270.23
31.89 |
Total Expenditure |
8,843.49 |
6,091.33 |
Profit Before Profit on Sale of Investments and Exceptional Items |
2,840.74 |
2,587.88 |
Profit on Sale of Investments |
22.19 |
140.21 |
Exceptional Items - Profit on Sale of Investments - Subsidiaries and Associates |
- |
677.80 |
Profit Before Tax |
2,862.93 |
3,405.89 |
Tax Expense |
1,067.81 |
1,036.88 |
Net Profit (before profit of Associates and adjustment for minority interest) |
1,795.12 |
2,369.01 |
Net share of profit of Associates (Equity Method) |
438.19 |
354.74 |
Share of profit / (loss) of minority shareholder |
(77.19) |
10.75 |
Profit after Tax attributable to the Corporation |
2,310.50 |
2,713.00 |
Earnings per Share – Basic (Rs) |
81.09 |
100.09 |
Earnings per Share – Diluted (Rs) |
79.68 |
94.98 |
Paid-up Equity Share Capital (Face value Rs 10) |
284.45 |
284.04 |
Reserves as at March 31 |
13,013.13 |
12,517.37 |
| The disclosure in terms of Accounting Standard 17 on ‘Segment Reporting’ notified by the Companies (Accounting Standard) Rules, 2006 |
|
Consolidated |
PARTICULARS
|
Year ended 31.3.2009
(Audited) |
Year ended 31.3.2008
(Audited) |
|
Rs in Crores |
Segment Revenues
Housing
Life Insurance
General Insurance
Asset Management
Others |
11,312.94
27.77
9.55
553.16
129.92 |
8,398.64
33.07
6.31
398.74
77.83 |
Total Segment Revenues
Less : Inter-segment Adjustments |
12,033.34
(326.92) |
8,914.59
(95.17) |
Total Revenues |
11,706.42 |
8,819.42 |
Segment Results
Housing
Life Insurance
General Insurance
Asset Management
Others |
3,288.62
(502.96)
(25.21)
276.78
74.90 |
3,432.76
(243.51)
(16.77)
240.33
22.18 |
Total Segment Results
Less : Inter-segment Adjustments |
3,112.13
(249.20) |
3,434.99
(29.10) |
Profit before Tax |
2,862.93 |
3,405.89 |
Capital Employed
Housing
Life Insurance
General Insurance
Asset Management
Others |
14,131.37
659.80
125.93
801.62
125.37 |
11,645.74
461.94
76.01
475.23
99.46 |
Total Segment Capital Employed
Inter-segment Adjustments
Unallocated Expenses |
15,844.09
(1,402.52)
225.08 |
12,758.38
(545.59)
428.35 |
Total Capital Employed |
14,666.65 |
12,641.14 |
Asset Management segment includes portfolio management, mutual fund and property investment management.
Others include project management, investment consultancy and property related services. |
Notes:
- The Directors have recommended a dividend of Rs 30 per Share.
- Other Operating Income for the year ended March 31, 2009 includes Dividend Income of Rs 195.66 crores (Previous Year Rs 68.64 crores) and Surplus on deployment of funds in Cash Management Schemes of Mutual Funds of Rs 157.97 crores (Previous Year Rs 111.78 crores).
- Approvals during the year ended March 31, 2009 aggregated to Rs 49,166 crores as compared to Rs 42,520 crores during the corresponding period in the previous year – representing an increase of 16%. Disbursements during this period amounted to Rs 39,650 crores as compared to Rs 32,875 crores during the corresponding period in the previous year – representing an increase of 21%.
- The standalone 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.
- During the quarter ended March 31, 2009, the Corporation has allotted 5,544 equity shares of Rs 10 each pursuant to exercise of stock options by certain employees.
- There was no investor complaint that was unresolved as of January 1, 2009. During the quarter ended March 31, 2009, the Corporation received four investor complaints, all of which were resolved. As such there was no unresolved investor complaint at the end of the said quarter.
- Figures for the previous period have been regrouped wherever necessary, in order to make them comparable.
The above results were reviewed and recommended by the Audit Committee of Directors and subsequently approved by the Board of Directors at the meeting held on May 4, 2009.
Deepak S Parekh
Chairman
|
