logo-theme-upside

( in crores)

Particulars Quarter ended Dec 31, 2013 Quarter ended Sep 30, 2013 Quarter ended Dec 31, 2012 Nine Months ended Dec 31, 2013 Nine Months ended Dec 31, 2012 Year ended March 31, 2013
(Un-Audited) (Audited)
Income from Operations :            
a) Revenue from Operation 217.39 210.50 166.41 610.49 471.16 650.44
b) Other Income 0.00 0.00 0.01 0.50 0.01 0.01
Total Income 217.39 210.50 166.42 610.99 471.17 650.45
Expenditure :            
a) Finance Cost 140.88 138.99 101.60 395.70 296.18 404.42
b) Employee Benefit Expenses 7.96 11.13 6.70 25.77 20.02 24.18
c) Other Expenses 5.36 4.79 5.24 15.54 14.67 20.16
d) Depreciation 0.69 0.54 0.52 1.81 1.43 1.97
e) Provision for Contingencies /
Bad Debts Written off
6.78 4.34 6.42 20.91 16.97 2.91
Total Expenditure 161.67 159.79 120.48 459.73 349.27 453.64
Profit Before Tax 55.72 50.71 45.94 151.26 121.90 196.81
Tax Expenses 20.48 16.36 17.05 47.90 39.08 50.93
Net Profit After Tax 35.24 34.35 28.89 103.36 82.82 145.88
Earnings per Share (of 2 each)
– Basic ()
1.962 1.914 1.625 5.763 4.665
8.209
– Diluted () 1.959 1.910 1.624 5.751 4.658 8.157
Paid-up Equity Share Capital
( Face Value of 2 )
  35.91   35.95 35.60 35.70
Reserves and Surplus         455.29

PART – II Selected information for the Quarter and Nine Months ended December 31, 2013
A. Particulars of Share Holding As At Dec 31, 2013 As At Sep 30, 2013 As At Dec 31, 2012 As At March 31, 2013
Public Shareholding
  • No. of Shares
73223660 73031485 71441585 71937750
  • Percentage of Shareholding
40.73 40.67 40.14 40.31
Promoter and Promoter Group Shareholding
a) Pledged / Encumbered
  • No. of Shares
Nil Nil Nil Nil
  • Percentage of Shares (as a % of the total Shareholding of Promoter and Promoter group)
Nil Nil Nil Nil
  • Percentage of Shares (as a % of the total Share Capital of the Company)
Nil Nil Nil Nil
b) Non – Encumbered
  • No. of Shares
106538925 106538925 106538925 106538925
  • Percentage of Shares (as a % of the total Shareholding of Promoter and Promoter group)
100 100 100 100
  • Percentage of Shares (as a % of the total Share Capital of the Company)
59.27 59.33 59.86 59.69
B. Investor Complaints Quarter ended Dec 31, 2013
Pending at the beginning of the quarter Nil
Received during the quarter Nil
Disposed off during the quarter Nil
Remaining unresolved at the end of the quarter Nil

NOTES :-

  • The Company’s main business is to provide loans for purchase or construction of residential houses. All other activities of the Company revolve around the main business. As such, there are no separate reportable segments as per the Accounting Standard on Segment Reporting (AS 17).
  • Disbursements during the nine months period ended December 31, 2013 amounted to 1,824.74 crores as compared to 1,490.71 crores during the corresponding period in previous year representing a growth of 22%. Loan Assets have increased from 4,995.11 crores as on December 31, 2012 to 6,544.60 crores as on December 31, 2013 registering a growth of 31%.
  • The Gross NPAs of the Company as on December 31, 2013 are 29.93 crores (0.46% of the Loan Assets) as against 26.74 crores (0.54% of the Loan Assets) as on December 31, 2012. Net NPAs of the Company are Nil.
  • During the quarter, the Company allotted 1,92,175 Equity Shares pursuant to the exercise of the stock options by certain employees.
  • During the period under review, there are no transactions in the nature of exceptional or extraordinary items.
  • Previous period/year figures have been regrouped and reclassified, where necessary, to make them comparable with current quarter figures.

The above results for the quarter and nine-months period ended December 31, 2013, which have been subjected to a ‘Limited Review’ by the Auditors of the Company, were reviewed and recommended by the Audit Committee of Directors and subsequently approved by the Board of Directors at its meeting held on January 16, 2014 in terms of Clause 41 of the Listing Agreement.

January 16, 2014
Mumbai
For GRUH Finance Limited
Sudhin Choksey
Managing Director