Financials

GIC HOUSING FINANCE LTD.
CIN: L65922MH1989PLC054583
Regd. Office : 6th Floor, National Insurance   Building, 14, Jamshedji Tata Road, Churchgate, Mumbai - 400 020.
   Statement of Unaudited Standalone Financial Results for the Quarter   and Half Year Ended September 30, 2023
(₹ in Lakh)
Sr.
     No.
Particulars Quarter Ended Half Year Ended Year ended
30-09-2023 30-06-2023 30-09-2022 30-09-2023 30-09-2022 31-03-2023
(Reviewed) (Reviewed) (Reviewed) (Reviewed) (Reviewed) (Audited)
1 Revenue from   operations
(i) Interest Income 26,224 26,508 27,498 52,732 54,561 109,863
(ii) Dividend Income 13 - 13 13 13 13
(iii) Fees and Commission Income 127 100 80 227 264 529
(iv) Other Operating Income 395 235 303 630 454 1,085
Total Revenue from   operations 26,759 26,843 27,894 53,602 55,292 111,490
Other Income 259 261 192 520 429 1,398
Total Income 27,018 27,104 28,086 54,122 55,721 112,888
2 Expenses
(i) Finance Cost 17,932 18,301 17,556 36,233 34,605 70,249
(ii) Net Loss on De-recognition of   Financial Instruments under Amortised Cost Category 5    5 4 10 15 15
(iii) Impairment of Financial   Instruments, including write-off 1,646 1,054 573 2,700 3,769 1,742
(iv) Employee Benefits Expenses 1,413 1,706 1,270 3,119 2,350 5,989
(v) Depreciation & Amortisation   Expenses 362 367 206 729 447 994
(vi) Other Expenses 1,602 1,478 1,160 3,080 2,128 4,919
Total Expenses 22,960 22,911 20,769 45,871 43,314 83,908
3 Profit before   exceptional items and tax (1-2) 4,058 4,193 7,317 8,251 12,407 28,980
4 Exceptional items    - - - - -    -
5 Profit before tax (3-4) 4,058 4,193 7,317 8,251 12,407 28,980
6 Tax expense
(i) Current Tax 1,200 900 1,725 2,100 3,375 3,450
(ii) Deferred tax (Net) (158) 112 (40) (46) (518) 4,210
(iii) Tax of Earlier Period (Net)    - - -    - -
7 Net Profit for the period (5-6) 3,016 3,181 5,632 6,197 9,550 21,320
8 Other comprehensive Income
A. Items that will   not be reclassified to profit or loss
(i) Remeasurement Gain / (Loss) on   defined benefit plan 71 (61) (10) 10 75 (71)
(ii) Net Gain / (Loss) on equity   instrument designated at FVTOCI 41 (2) 28 39 6 7
(iii) Income tax relating to items   that will not be reclassified to profit or loss (28) 16 (4) (12) (20) 16
B. Items that will be   reclassified to profit or loss    - - - - - -
Total other comprehensive Income (A+B) 84 (47) 14 37 61 (48)
9 Total Comprehensive Income (7+8) 3,100 3,134 5,646 6,234 9,611 21,272
10 Paid up Equity Share Capital (Face value ₹ 10/-) 5,385 5,385 5,385 5,385 5,385 5,385
11 Reserves as at 31st March    - - - - - 164,543
12 Earning Per Share (EPS) on Face Value ₹ 10/-
Basic and Diluted   Earning Per Share (Face value ₹ 10/-)
     (The EPS for the quarter is not annualised)
5.60 5.91 10.46 11.51 17.73 39.59
       

Notes to the Standalone Financial Results:

1 Statement of   Standalone Assets and Liabilities (₹ in Lakh)
Sr.No. Particulars As at As at
30-09-2023 31-03-2023
(Reviewed) (Audited)
ASSETS
1 Financial Assets
(a) Cash   and cash equivalents 6,204 6,964
(b) Bank   balance other than cash and cash equivalent 1,976 1,924
(c) Receivables
(i)   Trade Receivables 18 26
(d) Loans 997,892    1,032,824
(e) Investments 20,536 23,007
(f) Other   financial assets 267 263
Total - Financial Assets 1,026,893    1,065,008
2 Non-financial assets
(a) Current   tax assets (net) 3,599 4,167
(b) Deferred   tax assets (net) 8,554 8,520
(c) Property,   plant and equipment 231 257
(d) Right   Of Use Assets 1,981 2,325
(e) Intangible   Assets Under Development 934 882
(f) Other   intangible assets 2,350 2,640
(g) Other   non-financial assets 1,125 588
(h) Assets   Held for Sale 8,880 7,630
Total - Non Financial Assets 27,654 27,009
Total Assets 1,054,547    1,092,017
LIABILITIES   AND EQUITY
LIABILITIES
1 Financial liabilities
(a) Lease Liabilities 2,191 2,522
(b) Payables
(i)   Trade Payable
-Total outstanding dues of micro   enterprises and small enterprises 10 9
-Total outstanding dues of   creditors other than micro enterprises and small enterprises 1,693 1,008
(c) Debt securities 92,470 112,564
(d) Borrowings (other than debt securities) 779,804 801,708
(e) Other financial liabilities 1,660 1,719
Total - Financial Liabilities 877,828 919,530
2 Non-financial   liabilities
(a) Current tax liabilities (Net) 382 -
(b) Provisions 1,760 1,650
(c) Other   Non Financial Liabilities 835 906
Total - Non Financial Liabilities 2,977 2,556
3 Equity
(a) Equity   Share Capital 5,388 5,388
(b) Other   Equity 168,354 164,543
Total - Equity 173,742 169,931
Total Liabilities and Equity 1,054,547    1,092,017
       
2   Standalone Cash Flow Statement (₹ in Lakh)
Particulars HALF YEAR ENDED HALF YEAR ENDED
30-09-2023 30-09-2022
(Reviewed) (Reviewed)
A.Cash Flow From Operating   Activities :
Profit Before Tax    8,251 12,407
Adjustments For :
Depreciation And   Amortisation    729 447
Impairment of Financial   Instruments    2,700 3,769
Interest and Dividend   Income    (52,745) (54,574)
Interest Expenses    36,233 34,605
Fees & Commission Income    (227) (264)
(Profit)/Loss On Sale Of   Investments    (228) (330)
Remeasurement Gain/(loss) on   Defined Benefit Plan    10 75
Operating Profit Before   Working Capital Changes    (5,277) (3,865)
Adjustments For :
(Increase)/Decrease In Non   Financial Assets    86 (861)
(Increase)/Decrease In Other   Financial Assets    (4) (5)
(Increase)/Decrease In Other   Non Financial Assets    (537) (211)
(Increase)/Decrease In Bank   Balance other than cash & cash equivalents    (52) 17
Increase/(Decrease) In Other   Non Financial Liabilities    421 316
Increase/(Decrease) In Trade   Payables    686 295
Increase/(Decrease) In Other   Financial Liabilities    (2) 329
Operating Profit After   Working Capital Changes    (4,679) (3,985)
Adjustments For :
(Increase)/Decrease Housing   Loans    32,192 39,651
Asset held for Sale    (1,250) (2,305)
Fees & Commission Received    235 247
Interest Received    52,771 54,800
Interest Paid    (33,644) (31,111)
Taxes Paid    (1,676) (2,874)
Net Cash Generated/(Used)   From Operating Activity    43,949 54,423
B:Cash Flow From Investment   Activities
Payments for Property, Plant   & Equipments    (11) (10)
Payments for Intangible assets   Under Developments    (52) (37)
Purchase Of Investments    (186,789) (260,695)
Sale Of Investments    189,528 255,230
Dividend Received    13 13
Net Cash   Generated/(Used) From Investing Activity    2,689 (5,499)
C: Cash Flow From Financing   Activities
Proceeds From Borrowings and   Debt Securities    238,639 133,624
Repayment of Borrowings and   Debt Securities    (283,141) (188,767)
Dividend Paid On Equity Shares    (2,423) (2,423)
Payment of lease liabilities    (473) (399)
Net Cash Generated/(Used)   From Financing Activity    (47,398) (57,965)
Net Increase/(Decrease) Of   Cash & Cash Equivalents (A+B+C)    (760) (9,041)
Cash & Cash Equivalents   As At Beginning of the year    6,964 47,701
Cash & Cash Equivalents   As At the End of the Period    6,204 38,660
       
      
3 The above unaudited standalone financial results have been   prepared in accordance with and comply in all material aspects with the   Indian Accounting Standards ("Ind AS") as prescribed under Section   133 of the Companies Act, 2013 read with Companies (Indian Accounting   Standards) Rules, 2015 (as amended) and other accounting principles generally   accepted in India and in compliance with Regulation 33 and Regulation 52 of   the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015,   as amended.
4 The main business of the Company is to provide loans for   purchase or construction of residential houses. All other activities of the   Company revolve around the main business and accordingly there are no   separate reportable segments, as per the Ind AS 108- Operating Segments.
5 The Indian Parliament has approved the Code on Social Security,   2020, which would impact the contributions by the Company towards Provident   Fund and Gratuity. The effective date from which the changes are applicable   is yet to be notified and the final rules are yet to be framed. The Company   will carry out an evaluation of the impact and record the same in the   financial results in the period in which the code becomes effective and   related rules are published.
6 There are no loans transferred / acquired during the quarter and   half year ended September 30, 2023 under the RBI Master direction on Transfer   of Loan Exposure dated September 24, 2021.
7 Information as required by Regulation 52(4) of the Securities   and Exchange Board of India (Listing Obligations and Disclosure Requirements)   Regulations, 2015 is attached in Annexure I.
8 Disclosure as required under RBI Circular No. RBI/2020-21/16   DOR.No.BP.BC/3/21.04.048/2020-21 dated August 6, 2020 in relation of the   Resolution Framework for COVID-19-related Stress:
₹ in Lakh
Type of borrower (A) (B) (C) (D) (E)
Exposure   to Accounts classified as Standard consequent to Implementation of resolution   plan at March 31, 2023 of   ( A ) , aggregate debt that slipped Into NPA during the half year of   ( A ) , amount written off during the half year of   ( A ) , amount paid by the borrowers during    the half year Exposure   to Accounts classified as Standard consequent to Implementation of resolution   plan - Position as at September 30, 2023
Personal loan 1,998 17 - 84 1,897
Corporate   persons - - - - -
Of which , MSMES - - - - -
Others - - - - -
Total 1,998 17 - 84 1,897
9 Pursuant to Regulations 54 of SEBI (Listing obligations and   Disclosure Requirements) Regulations, 2015, all Secured Non-Convertible   Debentures (NCDs) issued by the Company and outstanding as on September 30,   2023 are fully secured by way of charge on identified receivables of the   company. Accordingly, the Company is maintaining asset cover of 1x or such   higher asset cover required as per the terms of offer document.
10 The Company is a Large Corporate as per criteria stipulated   under SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018 and   necessary disclosure has been made to the stock exchange.
11 The Company is a Housing Finance Company classified under   "Middle Layer" pursuant to Scale Based Regulations prescribed by   the RBI vide its circular Ref. No. RBI/2021-22/112   DOR.CRE.REC.No.60/03.10.001/2021-22 dated October 22,2021.
12 In compliance with Regulation 33 and Regulation 52 of the SEBI   (Listing Obligations and Disclosure Requirements) Regulations, 2015, the   above standalone financial results for the quarter and half year ended   September 30, 2023 have been reviewed by the Statutory Auditors, reviewed and   recommended by the Audit Committee and subsequently approved by the Board of   Directors at their respective meeting held on November 03, 2023.
13 The figures for the previous periods / year have been regrouped   wherever necessary in order to make them comparable with figures for the   quarter and half year ended September 30, 2023.
For and on behalf of the   Board
Paul Lobo
Managing Director &   CEO
DIN No: 09787223
Place : Mumbai
Date : November 03, 2023
       
Annexure - I
       
Sr. No. Ratio Quarter ended Half Year   ended Year ended
30-09-2023 30-06-2023 30-09-2022 30-09-2023 30-09-2022 31-03-2023
a Debt- Equity Ratio (in times) 5.02       5.21    6.21 5.02       6.21    5.38
b* Debt-Service Coverage Ratio Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable
c* Interest Service Coverage Ratio Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable
d Outstanding redeemable preference   shares (quantity and value) Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable
e Capital redemption reserve / Debenture   redemption reserve - - - - - -
f Net worth (₹ in Lakh) 173,742 173,065 158,270 173,742 158,270 169,931
g Net Profit after tax (₹ in Lakh) 3,016 3,181 5,632 6,197 9,550 21,320
h Earning per share (not annualised)
1. Basic 5.60 5.91 10.46 11.51 17.73 39.59
2. Diluted 5.60 5.91 10.46 11.51 17.73 39.59
i* Current Ratio Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable
j* Long term debt to working capital Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable
k Bad debts to Account receivable ratio   (Not annualised) - - - - - 1.52%
l* Current Liability Ratio Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable
m Total debts to total assets (%) 82.72% 83.25% 85.56% 82.72% 85.56% 83.72%
n* Debtors turnover Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable
o* Inventory turnover Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable
p* Operating Margin (%) Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable
q Net Profit Margin (%) 11.16% 11.74% 20.05% 11.45% 17.14% 18.89%
r Sector specific equivalents ratios, as   applicable
i. Stage 3 Ratio (%) 4.42% 4.51% 6.95% 4.42% 6.95% 4.43%
ii. Provision Coverage Ratio (%) 35.01% 32.99% 45.72% 35.01% 45.72% 32.16%
       
Formula   for Computation of ratios are as follows:
a Debt equity ratio =   (Debt Securities + Borrowings [Other than Debt Securities]) / Networth
f Networth = Equity   Share Capital + Other Equity
k Bad Debts to Account   Receivable ratio = Bad Debts Written Off / (Total Loan Book + Trade   Receivables)
m Total debts to total   assets (%) = (Debt Securities + Borrowings [Other than Debt Securities]) /   Total Assets
q Net Profit Margin (%)   = Net Profit after tax/ Total Income
r i. Stage 3 Ratio =   Gross Stage III Loan outstanding / Total Loan Outstanding
r ii. Provision   Coverage Ratio = Allowance for bad and doubtful debts for Gross Stage III   Loan Book / Gross Stage III Loan Book
* Since the   Company is a Housing Finance Company ('HFC'), disclosure of Debt service   coverage ratio, Interest service coverage ratio, Current ratio, Long term   debt to working capital, Current liability ratio, Debtors turnover ratio,   Inventory turnover ratio and Operating Margin Ratio are not applicable since   the Company is engaged in financing activities.
GIC HOUSING FINANCE LTD.
CIN: L65922MH1989PLC054583
Regd. Office : 6th Floor, National Insurance   Building, 14, Jamshedji Tata Road, Churchgate, Mumbai - 400 020.
Statement of Unaudited Consolidated Financial   Results For Quarter and Half Year Ended September 30, 2023
(₹ in Lakh)
Sr.
     No.
Particulars Quarter Ended Half Year Ended Year ended
30-09-2023 30-06-2023 30-09-2022 30-09-2023 30-09-2022 31-03-2023
(Reviewed) (Reviewed) (Reviewed) (Reviewed) (Reviewed) (Audited)
1 Revenue from   operations
(i) Interest Income 26,224 26,508 27,498 52,732 54,561 109,863
(ii) Dividend Income 13    - 13 13 13 13
(iii) Fees and Commission Income 127 100 83 227 267 529
(iv) Other Operating Income 395 235 303 630 454 1,085
Total Revenue from   operations 26,759 26,843 27,897 53,602 55,295 111,490
Other Income 260 262 192 522 429 1,400
Total Income 27,019 27,105 28,089 54,124 55,724 112,890
2 Expenses
(i) Finance Cost 17,932 18,301 17,556 36,233 34,605 70,249
(ii) Net Loss on De-recognition of   Financial Instruments under Amortised Cost Category 5 5 4 10 15 15
(iii) Impairment of Financial   Instruments, including write-off 1,646 1,054 573 2,700 3,769 1,742
(iv) Employee Benefits Expenses 1,425 1,711 1,271 3,136 2,352 5,993
(v) Depreciation & Amortisation   Expenses 362 367 206 729 447 994
(vi) Other Expenses 1,586 1,471 1,163 3,057 2,131 4,912
Total Expenses 22,956 22,909 20,773 45,865 43,319 83,905
3 Profit before   exceptional items and tax (1-2) 4,063 4,196 7,316 8,259 12,405 28,985
4 Exceptional items    - - - - - -
5 Profit before tax (3-4) 4,063 4,196 7,316 8,259 12,405 28,985
6 Tax expense
(i) Current Tax 1,202 900 1,725 2,102 3,375 3,450
(ii) Deferred tax (Net) (158) 112 (40) (46) (518) 4,210
(iii) Tax of Earlier Period (Net)    -    - -    - -
7 Net Profit for the period (5-6) 3,019 3,184 5,631 6,203 9,548 21,325
8 Other comprehensive Income
A. Items that will   not be reclassified to profit or loss
(i) Remeasurement Gain / (Loss) on   defined benefit plan 71 (61) (10) 10 75 (71)
(ii) Net Gain / (Loss) on equity   instrument designated at FVTOCI 41 (2) 28 39 6 7
(iii) Income tax relating to items   that will not be reclassified to profit or loss (28) 16 (4) (12) (20) 16
B. Items that will be   reclassified to profit or loss    -    -    - - - -
Total other comprehensive Income (A+B) 84 (47) 14 37 61 (48)
9 Total Comprehensive Income (7+8) 3,103 3,137 5,645 6,240 9,609 21,277
Net Profit for the period attributable to:
(i) Owners of the Company 3,019 3,184 5,631 6,203 9,548 21,325
(ii) Non-Controlling Interest    -    - - - - -
Other Comprehensive Income attributable to:
(i) Owners of the Company 84 (47) 14 37 61 (48)
(ii) Non-Controlling Interest    -    - - - - -
Total   Comprehensive Income attributable to:
(i) Owners of the Company 3,103 3,137 5,645 6,240 9,609 21,277
(ii) Non-Controlling Interest    -    - - - - -
10 Paid up Equity Share Capital (Face value ₹ 10/-) 5,385 5,385 5,385 5,385 5,385 5,385
11 Reserves as at 31st March    -    -    - - - 164,542
12 Earning Per Share (EPS) on Face Value ₹ 10/-
Basic and Diluted   Earning Per Share (Face value ₹ 10/-)
     (The EPS for the period is not annualised)
5.61 5.91 10.46 11.52 17.73 39.60
       

Notes to the Consolidated Financial Results:

       
1 Statement of   Consolidated Assets and Liabilities (₹ in Lakh)
Sr.No. Particulars As at As at
30-09-2023 31-03-2023
(Reviewed) (Audited)
ASSETS
1 Financial Assets
(a) Cash   and cash equivalents 6,214 6,970
(b) Bank   balance other than cash and cash equivalent 2,045 1,991
(c) Receivables
(i)   Trade Receivables 18 26
(d) Loans 997,892    1,032,824
(e) Investments 20,461 22,932
(f) Other   financial assets 267 263
Total - Financial Assets 1,026,897    1,065,006
2 Non-financial assets
(a) Current   tax assets (net) 3,603 4,169
(b) Deferred   tax assets (net) 8,554 8,520
(c) Property,   plant and equipment 231 257
(d) Right   Of Use Assets 1,981 2,325
(e) Intangible   Assets Under Development 934 882
(f) Other   intangible assets 2,350 2,640
(g) Other   non-financial assets 1,125 588
(h) Assets   Held for Sale 8,880 7,630
Total - Non Financial Assets 27,658 27,011
Total Assets 1,054,555    1,092,017
LIABILITIES   AND EQUITY
LIABILITIES
1 Financial liabilities
(a) Lease Liabilities 2,191 2,522
(b) Payables
(i)   Trade Payable
-Total outstanding dues of   micro enterprises and small enterprises 10 9
-Total outstanding dues of   creditors other than micro enterprises and small enterprises 1,701 1,012
(c) Debt securities 92,470 112,564
(d) Borrowings (other than debt securities) 779,804 801,708
(e) Other financial liabilities 1,655 1,716
Total - Financial Liabilities 877,831 919,531
2 Non-financial   liabilities
(a) Current   tax liabilities (Net) 382 -
(b) Provisions 1,760 1,650
(c) Other   Non Financial Liabilities 835 906
Total - Non Financial Liabilities 2,977 2,556
3 Equity
(a) Equity   Share Capital 5,388 5,388
(b) Other   Equity 168,359 164,542
Total - Equity 173,747 169,930
Total Liabilities and Equity 1,054,555    1,092,017
       
2   Consolidated Cash Flow Statement (₹ in Lakh)
Particulars Half Yead Ended Half Yead Ended
30-09-2023 30-09-2022
(Reviewed) (Reviewed)
A.Cash Flow From Operating   Activities :
Profit Before Tax    8,259 12,405
Adjustments For :
Depreciation And   Amortisation    729 447
Impairment of Financial   Instruments    2,700 3,769
Interest and Dividend   Income    (52,745) (54,574)
Interest Expenses    36,233 34,605
Fees & Commission Income    (227) (267)
(Profit)/Loss On Sale Of   Investments    (228) (330)
Remeasurement Gain/(loss) on   Defined Benefit Plan 10 75
Operating Profit Before   Working Capital Changes    (5,269) (3,870)
Adjustments For :
(Increase)/Decrease In Non   Financial Assets 82 (862)
(Increase)/Decrease In Other   Financial Assets (4) (10)
(Increase)/Decrease In Other   Non Financial Assets    (537) (211)
(Increase)/Decrease In Bank   Balance other than cash & cash equivalents    (54) (8)
Increase/(Decrease) In Other   Non Financial Liabilities    421 316
Increase/(Decrease) In Trade   Payables    690 296
Increase/(Decrease) In Other   Financial Liabilities (4) 330
Operating Profit After   Working Capital Changes    (4,675) (4,019)
Adjustments For :
(Increase)/Decrease Housing   Loans    32,192 39,651
Asset held for Sale    (1,250) (2,305)
Fees & Commission Received    235 250
Interest Received    52,771 54,800
Interest Paid    (33,644) (31,111)
Taxes Paid    (1,676) (2,874)
Net Cash Generated/(Used)   From Operating Activity    43,953 54,392
B:Cash Flow From Investment   Activities
Payments for Property, Plant   & Equipments    (11) (10)
Payments for Intangible assets   Under Developments    (52) (37)
Purchase Of Investments    (186,789) (260,695)
Sale Of Investments    189,528 255,230
Dividend Received 13 13
Net Cash Generated/(Used)   From Investing Activity    2,689 (5,499)
C: Cash Flow From Financing   Activities
Proceeds From Borrowings and   Debt Securities    238,639 133,624
Repayment of Borrowings and   Debt Securities    (283,141) (188,767)
Dividend Paid On Equity Shares    (2,423) (2,423)
Payment of lease liabilities    (473) (399)
Net Cash Generated/(Used)   From Financing Activity    (47,398) (57,965)
Net Increase/(Decrease) Of   Cash & Cash Equivalents (A+B+C)    (756) (9,072)
Cash & Cash Equivalents   As At Beginning of the year    6,970 47,776
Cash & Cash Equivalents   As At the End of the Period 6,214 38,704
       
       
3 The above unaudited consolidated financial results represent the   consolidated financial results for GIC Housing Finance Limited   ("GICHFL") and its wholly owned subsidiary i.e. GICHFL Financial   Services Private Limited ("GFSPL") constituting the Group.
4 The unaudited consolidated financial results have been prepared   in accordance with lnd AS 110 - Consolidated Financial Statements, prescribed   under section 133 of the Companies Act, 2013 (the "Act") read with   the relevant rules issued thereunder and the other relevant provisions of the   Act.
5 The above unaudited consolidated financial results of the Group   have been prepared in accordance with and comply in all material aspects with   the lndian Accounting Standards ("Ind AS") as prescribed under   section 133 of the Companies Act, 2013 ("the Act") read with the   Companies (Indian Accounting Standards) Rules, 2015 (as amended) and other   accounting principles generally accepted in India and in compliance with   Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure   Requirements) Regulations, 2015, as amended.
6 The main business of the Group is to provide loans for purchase   or construction of residential houses. All other activities of the Group   revolve around the main business and accordingly there are no separate   reportable segments, as per the Ind AS 108- Operating Segments.
7 The Indian Parliament has approved the Code on Social Security,   2020, which would impact the contributions by the Group towards Provident   Fund and Gratuity. The effective date from which the changes are applicable   is yet to be notified and the final rules are yet to be framed. The Group   will carry out an evaluation of the impact and record the same in the   financial results in the period in which the code becomes effective and   related rules are published.
8 Information as required by Regulation 52(4) of the Securities   and Exchange Board of India (Listing Obligations and Disclosure Requirements)   Regulations, 2015 is attached in Annexure I.
9 Pursuant to Regulations 54 of SEBI (Listing obligations and   Disclosure Requirements) Regulations, 2015, all Secured Non-Convertible   Debentures (NCDs) issued by the Group and outstanding as on September 30,   2023 are fully secured by way of charge on identified receivables of the   company. Accordingly, the Group is maintaining asset cover of 1x or such   higher asset cover required as per the terms of offer document.
10 The Company is a Large Corporate as per criteria stipulated   under SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018 and   necessary disclosure has been made to the stock exchange.
11 In compliance with Regulation 33 and Regulation 52 of the SEBI   (Listing Obligations and Disclosure Requirements) Regulations, 2015, the   above unaudited consolidated financial results for the quarter and half year   ended September 30, 2023 have been reviewed by the Statutory Auditors,   reviewed and recommended by the Audit Committee and subsequently approved by   the Board of Directors at their respective meeting held on November 03, 2023.
12 The figures for the previous periods / year have been regrouped   wherever necessary in order to make them comparable with figures for the   quarter and half year ended September 30, 2023.
For and on behalf of the   Board
Paul Lobo
Managing Director &   CEO
DIN No: 09787223
Place : Mumbai
Date : November 03, 2023
       
Annexure - I
Sr. No. Ratio Quarter ended Half Year ended Year Ended
30-09-2023 30-06-2023 30-09-2022 30-09-2023 30-09-2022 31-03-2023
a Debt- Equity Ratio (in times)    5.02    5.21    6.21    5.02    6.21    5.38
b* Debt-Service Coverage Ratio Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable
c* Interest Service Coverage Ratio Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable
d Outstanding redeemable preference   shares (quantity and value) Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable
e Capital redemption reserve / Debenture   redemption reserve - - - - - -
f Net worth (₹ in Lakh) 173,747 173,067 158,262 173,747 158,262 169,930
g Net Profit after tax (₹ in Lakh) 3,019 3,184 5,631 6,203 9,548 21,325
h Earning per share (not annualised)
1. Basic 5.61 5.91 10.46 11.52 17.73 39.60
2. Diluted 5.61 5.91 10.46 11.52 17.73 39.60
i* Current Ratio Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable
j* Long term debt to working capital Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable
k Bad debts to Account receivable ratio   (Not annualised) - - - - - 1.52%
l* Current Liability Ratio Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable
m Total debts to total assets (%) 82.71% 83.25% 85.56% 82.71% 85.56% 83.72%
n* Debtors turnover Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable
o* Inventory turnover Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable
p* Operating Margin (%) Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable
q Net Profit Margin (%) 11.17% 11.75% 20.05% 11.46% 17.13% 18.89%
r Sector specific equivalents ratios, as   applicable
i. Stage 3 Ratio (%) 4.42% 4.51% 6.95% 4.42% 6.95% 4.43%
ii. Provision Coverage Ratio (%) 35.01% 32.99% 45.72% 35.01% 45.72% 32.16%
Formula   for Computation of ratios are as follows:
a Debt equity ratio =   (Debt Securities + Borrowings [Other than Debt Securities]) / Networth
f Networth = Equity   Share Capital + Other Equity
k Bad Debts to Account   Receivable ratio= Bad Debts Written Off / (Total Loan Book + Trade   Receivables)
m Total debts to total   assets (%) = (Debt Securities + Borrowings [Other than Debt Securities]) /   Total Assets
q Net Profit Margin (%)   = Net Profit after tax/ Total Income
r i. Stage 3 Ratio =   Gross Stage III Loan outstanding / Total Loan Outstanding
r ii. Provision   Coverage Ratio = Allowance for bad and doubtful debts for Gross Stage III   Loan Book / Gross Stage III Loan Book
* Since the   Company is a Housing Finance Company ('HFC'), disclosure of Debt service   coverage ratio, Interest service coverage ratio, Current ratio, Long term   debt to working capital, Current liability ratio, Debtors turnover ratio,   Inventory turnover ratio and Operating Margin Ratio are not applicable since   it is engaged in financing activities.