| Unaudited Financial Results for the Half Year ended September 30, 2008 |
PARTICULARS |
Quarter ended
30.9.2008 |
Quarter ended
30.9.2007 |
Half Year ended 30.9.2008 |
Half Year ended 30.9.2007 |
Year ended 31.3.2008
(Audited) |
| |
Rupees in crores |
Income from Operations :
1.Interest Income
2.Other Operating Income |
2,503.37
111.73 |
1,839.83
48.77 |
4,723.29
205.29
|
3,562.22
151.57 |
7,783.99
392.36 |
| Total Income (excluding Other Income and Profit on Sale of Investments - Subsidiaries and Associates) |
2,615.10 |
1,888.60 |
4,928.58 |
3,713.79 |
8,176.35 |
Expenditure :
1. Interest and Other Charges
2. Staff Expenses
3. Other Expenses
4. Depreciation
|
1,757.26
35.38
63.69
4.28 |
1,223.75
31.89
50.42
4.00 |
3,325.61
73.43
122.38
7.95 |
2,467.13
59.91
98.94
7.70 |
5,142.88
117.80
181.54
16.60 |
| Total Expenditure |
1,860.61 |
1,310.06 |
3,529.37 |
2,633.68 |
5,458.82 |
| Profit Before Other Income and Exceptional Items |
754.49 |
578.54 |
1,399.21 |
1,080.11 |
2,717.53 |
| Other Income |
5.49 |
3.90 |
10.63 |
7.34 |
19.71 |
| Profit After Other Income and Before Exceptional Items |
759.98 |
582.44 |
1,409.84 |
1,087.45 |
2.737.24 |
| Exceptional Items |
0.00 |
313.25 |
0.00 |
313.25 |
636.26 |
| Profit Before Tax |
759.98 |
895.69 |
1,409.84 |
1,400.70 |
3,373.50 |
| Tax Expense |
225.75 |
249.30 |
407.50 |
381.50 |
937.25 |
| Net Profit After Tax [*] |
534.23 |
646.39 |
1,002.34 |
1,019.20 |
2,436.25 |
Earnings per Share - (Rs)
1. Basic
2. Diluted |
18.75
18.40 |
24.29
22.83 |
35.19
34.47 |
38.99
36.57 |
89.86
85.28 |
Paid-up Equity Share Capital
(Face value Rs 10) |
284.23 |
271.55 |
284.23 |
271.55 |
284.04 |
| Reserves as at March 31, 2008 |
|
|
|
|
11,663.31 |
Public Shareholding :
1. Number of Shares
2. Percentage of Shareholding
|
|
|
28,42,31,755
100 |
27,15,51,427
100 |
28,40,37,985
100 |
| [*] |
| Net Profit After Tax as above |
534.23 |
646.39 |
1,002.34 |
1,019.20 |
2,436.25 |
| Less : Exceptional Profit – Net of Tax |
0.00 |
242.95 |
0.00 |
242.95 |
493.48 |
| Net Profit After Tax excluding Exceptional Items |
534.23 |
403.44 |
1,002.34 |
776.25 |
1,942.77 |
Earnings per Share - (Rs)
Excluding Exceptional Items
1. Basic
2. Diluted
|
18.75
18.40 |
15.16
14.25 |
35.19
34.47 |
29.70
27.85 |
71.66
68.01 |
Notes :
- Approvals during the six months ended September 30, 2008 aggregated to Rs 24,180 crores as compared to Rs 18,948 crores during the corresponding period in the previous year – representing an increase of 28%. Disbursements during this period amounted to Rs 17,788 crores as compared to Rs 14,275 crores during the corresponding period in the previous year – representing an increase of 25%.
- Other Operating Income for the six months ended September 30, 2008 includes Dividend Income of Rs 109.08 crores (Previous Year Rs 54.83 crores), Profit on Sale of Investments Rs 22.56 crores (Previous Year Rs 27.30 crores) and Surplus on deployment of funds in Cash Management Schemes of Mutual Funds of Rs 48.10 crores (Previous Year Rs 45.97 crores).
- Exceptional items Rs Nil (Previous Year Rs 313.25 crores, net of tax Rs 242.95 crores related to profit on sale of the entire shareholding in Intelenet Global Services Private Limited, which was earlier an Associate Company of the Corporation).
- 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 September 30, 2008, the Corporation has allotted 21,585 shares of Rs 10 each pursuant to the exercise of stock options by certain employees.
- There was no investor complaint that was unresolved as of July 1, 2008. During the quarter ended September 30, 2008, the Corporation received six 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 for the six months ended September 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 October 17, 2008, in terms of Clause 41 of the Listing Agreement.
Deepak S Parekh
Chairman
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