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( in crores)

Particulars Quarter ended Dec. 31, 2011 Quarter ended Dec. 31, 2010 Quarter ended Sep. 30, 2011 Nine Months ended Dec. 31, 2011 Nine Months ended Dec.31,2010 Year ended March 31,2011
  (Un-Audited) (Audited)
Income from Operations :
a) Interest Income 124.33 87.88 114.78 343.88 239.13 334.38
b) Other Operating Income 7.37 6.20 7.46 22.70 16.85 25.71
Total Income 131.70 94.08 122.24 366.58 255.98 360.09
Expenditure :
a) Interest and Other charges 81.57 54.13 74.01 221.85 142.81 200.92
b) Staff Expenses 5.16 4.25 5.66 15.72 11.95 16.03
c) Other Expenses 4.55 3.53 4.02 11.84 10.20 14.46
d) Depreciation 0.58 0.52 0.55 1.70 1.31 1.83
e) Provision for Contingencies /
Bad Debts Written off
4.21 5.51 5.38 21.22 16.77 2.74
Total Expenditure 96.07 67.94 89.62 272.33 183.04 235.98
Profit Before Other Income 35.63 26.14 32.62 94.25 72.94 124.11
Other Income 0.23 0.30 0.15 1.51 0.69 1.46
Profit Before Tax 35.86 26.44 32.77 95.76 73.63 125.57
Tax Expenses 12.56 8.90 11.85 30.99 23.72 34.06
Net Profit After Tax 23.30 17.54 20.92 64.77 49.91 91.51
Earning per Share – Basic () 6.599 5.016 5.934 18.373 14.308 26.192
– Diluted () 6.599 5.013 5.938 18.369 14.257 26.129
Paid-up Equity Share Capital (Face Value of 10/- each) 35.30 35.08 35.30 35.30 35.08 35.16
Reserves and Surplus 282.78
Public Shareholding
No. of Shares
13994853 13769738 13988058 13994853 13769738 13849848
Percentage of Shareholding
39.64 39.26 39.63 39.64 39.26 39.39
Promoters and Promoter Group Shareholding
a) Pledged / Encumbered
No. of Shares
Nil Nil Nil Nil Nil Nil
Percentage of Shares (as a % of the total shareholding of promoter and promoter group)
Nil Nil Nil Nil Nil Nil
Percentage of Shares (as a % of the total share capital of the Company)
Nil Nil Nil Nil Nil Nil
b) Non – encumbered
No. of Shares
21307785 21307785 21307785 21307785 21307785 21307785
Percentage of Shares (as a % of the total shareholding of promoter and promoter group)
100 100 100 100 100 100
Percentage of Shares (as a % of the total share capital of the Company)
60.36 60.74 60.37 60.36 60.74 60.61

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 ended December 31, 2011 amounted to 1001.19 crores as compared to 842.85 crores during the corresponding previous year representing a growth of 19%. Loan Assets have increased from 2936.63 crores as on December 31, 2010 to 3761.31 crores as on December 31, 2011 registering a growth of 28%.
  • Gross NPAs of the Company as on December 31, 2011 were 36.66 crores (0.97% of the Loan Assets) as against 36.02 crores (1.23% of the Loan Assets) as on December 31, 2010.
  • During the quarter, the Company allotted 6,795 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.
  • There was no investor complaint that was unresolved as of October 1, 2011. During the quarter ended December 31, 2011, the Company did not receive any investor complaint. As such there was no unresolved investor complaint at the end of the said quarter.
  • Previous period/year figures have been regrouped and reclassified, where necessary, to make them comparable with current quarter figures.

The above results for the nine months ended December 31, 2011, 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 12, 2012 in terms of Clause 41 of the Listing Agreement.

January 12, 2012
Mumbai
For GRUH Finance Limited
Sudhin Choksey
Managing Director