Quarterly Results & LRR (Clause 41)

Notes:


1. Statement of Assets and Liabilities as per clause 41(V) of the listing agreement.
   
   
   

   PARTICULARS	As at
   		30.9.2010	30.9.2009
   	(Reviewed)		( Unreviewed)
   	Rupees in Crores
   FUNDS EMPLOYED
   SHAREHOLDERS’ FUNDS   Share Capital Reserves and Surplus	292.02 16,888.66		284.90 14,356.49
   		17,180.68	14,641.39
   LOAN FUNDS		1,09,174.98	89,903.34
   		1,26,355.66	1,04,544.73
   APPLICATION OF FUNDS
   LOANS		1,06,287.47	89,518.87
   INVESTMENTS		17,558.99	13,310.40
   DEFERRED TAX ASSET (Net)		311.00	228.51
   CURRENT ASSETS, LOANS AND ADVANCES	6,642.45		5278.15
   Less : CURRENT LIABILITIES AND PROVISIONS	4,667.07		3993.23
   		1,975.38	1,284.92
   FIXED ASSETS :   Gross Block Less : Depreciation	530.37 307.55		498.62 296.59
   		222.82	202.03
   		1,26,355.66	1,04,544.73

   
   


2. As at September 30, 2010, the loan book stood at Rs.1,06,287 crores as against Rs.89,519 crores in the Previous Year. Loans sold during the preceding 12 months amounted to Rs.4,858 crores. The growth in loan book inclusive of loans sold is 24%.



3. During the quarter ended September 30, 2010, the Corporation acquired 1.10 crore equity shares of Credila Financial Services Pvt. Ltd. ("Credila"). As a result, the Corporation holds 62.28% of the equity capital of Credila and therefore Credila is a subsidiary of the Corporation.
   
   
4. 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.



5. Pursuant to the approval of the Shareholders at the 33rd Annual General Meeting, the nominal face value of the equity shares of the Corporation was sub-divided from Rs.10 each to Rs.2 each with effect from August 21, 2010. Accordingly, the number of shares and the earnings per share of the previous periods have been restated to make the same comparable.
   
   
   
6. During the quarter ended September 30, 2010, the Corporation has allotted 53,72,935 equity shares of Rs.2 each pursuant to conversion of FCCBs and exercise of stock options by certain employees/directors.
   
   
   
7. There was no investor complaint that was unresolved as on July 1, 2010. During the quarter, the Corporation received seven investor complaints. All of which were resolved and as such there was no unresolved investor complaint as at the end of the quarter.
   
   
   
8. Figures for the previous period have been regrouped wherever necessary, in order to make them comparable.

The above results for the quarter ended September 30, 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 October 18, 2010, in terms of Clause 41 of the Listing Agreement.

Deepak S Parekh

Chairman

• Press Release: HDFC's Financial Results for the Year Ended September 30, 2010
• B/S, P/L, Operational & Financial Highlights - September, 2010
• Limited Review Report