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Unaudited Financial Results (standalone) for the quarter ended June 30, 2008 |
PARTICULARS
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Quarter ended 30.6.2008 |
Quarter ended 30.6.2007 |
Year ended 31.3.2008 (Audited) |
|
Rupees in Crores |
Income from Operations :
1.Interest Income
2.Other Operating Income
3.Profit on Sale of Investments
|
2,219.92
93.56
0.00 |
1,724.15
80.41
22.39 |
7,783.99
259.10
133.26 |
Other Income |
5.14 |
3.44 |
19.71 |
Total Income (excluding Profit on Sale of Investments - Subsidiaries and Associates) |
2,318.62 |
1,830.39 |
8,196.06 |
Expenditure :
1.Interest and Other Charges
2.Staff Expenses
3.Other Expenses
4.Depreciation
|
1,568.35
38.05
58.69
3.67 |
1,245.14
28.02
48.52
3.70 |
5,142.88
117.80
181.54
16.60 |
Total Expenditure |
1,668.76 |
1,325.38 |
5,458.82 |
Profit Before considering Exceptional Items |
649.86 |
505.01 |
2,737.24 |
Exceptional Items - Profit on Sale of Investments - Subsidiaries and Associates |
0.00 |
0.00 |
636.26 |
Profit before Tax |
649.86 |
505.01 |
3,373.50 |
Tax Expense |
181.75 |
132.20 |
937.25 |
Net Profit After Tax |
468.11 |
372.81 |
2,436.25 |
Earnings per Share – Basic (Rs) |
16.44 |
14.70 |
89.86 |
Earnings per Share – Diluted (Rs) |
16.07 |
13.74 |
85.28 |
Paid-up Equity Share Capital
(Face Value Rs 10) |
284.21 |
253.00 |
284.04 |
Reserves as at March 31, 2008 |
|
|
11,663.31 |
Aggregate of Public Shareholding :
1.Number of Shares
2.Percentage of shareholding
|
28,42,10,170
100 |
25,30,06,607
100 |
28,40,37,985
100 |
- Approvals during the quarter ended June 30, 2008 aggregated to Rs 9,996 crores as compared to Rs 7,713 crores during the corresponding period in the previous year – representing an increase of 30%. Disbursements during the quarter amounted to Rs 7,204 crores as compared to Rs 5,645 crores during the corresponding period in the previous year – representing an increase of 28%.
- Other Operating Income for the quarter ended June 30, 2008 includes Dividend Income of Rs 59.85 crores (Previous Year Rs 42.55 crores) and Surplus on deployment of funds in Cash Management Schemes of Mutual Funds of Rs 23.55 crores (Previous Year Rs 24.00 crores).
- 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.
- During the quarter ended June 30, 2008, the Corporation has allotted 31,247 equity shares of Rs 10 each pursuant to conversion of FCCBs and 1,40,938 equity shares pursuant to exercise of stock options by some employees.
- There was no investor complaint that was unresolved as of April 1, 2008. During the quarter ended June 30, 2008, the Corporation received two investor complaints, both of which were resolved. As such there was no unresolved investor complaint at the end of the said quarter.
- Figures for the quarter ended June 30, 2007, have been regrouped wherever necessary, in order to make them comparable.
The above results for the quarter ended June 30, 2008, which have been subject to a Limited Review by the Auditors of the Corporation, were reviewed and recommended by the Audit Committee of Directors and subsequently approved by the Board of Directors at its meeting held on July 16, 2008, in terms of Clause 41 of the Listing Agreement.
Deepak S Parekh
Chairman
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