Press Release FINANCIAL RESULTS FOR THE YEAR ENDED MARCH 31, 2015 STANDALONE & CONSOLIDATED

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Press Release FINANCIAL RESULTS FOR THE YEAR ENDED MARCH 31, 2015 STANDALONE & CONSOLIDATED Highlights 17% growth in the standalone profit after tax excluding the impact of Deferred Tax Liability on

1 Press Release FINANCIAL RESULTS FOR THE YEAR ENDED MARCH 31, 2015 STANDALONE & CONSOLIDATED Highlights 17% growth in the standalone profit after tax excluding the impact of Deferred Tax Liability on Special Reserve to ` 6,355 crore for the year ended March 31, % growth in the standalone profit after tax excluding the impact of Deferred Tax Liability on Special Reserve to ` 1,982 crore for the quarter ended March 31, % growth in the consolidated profit after tax to ` 8,732 crore for the year ended March 31, 2015 after adjustment for redemption premium on Zero Coupon Debentures and impact of Deferred Tax Liability on Special Reserve 23% growth in the individual loan book (after adding back loans sold in the preceding 12 months) Gross non-performing loans reduced to 0.67% of the loan portfolio as at March 31, 2015 compared to 0.69% in the previous year Final dividend of ` 13 per equity share of ` 2 per share recommended (Total dividend including interim dividend: ` 15 per share) The Board of Directors of Housing Development Finance Corporation Limited (HDFC) approved the standalone and consolidated audited financial results of the Corporation for the year ended March 31, 2015 at its meeting held on Wednesday, April 29, 2015 in Mumbai. STANDALONE FINANCIAL RESULTS Financials for the year ended March 31, 2015 For the year ended March 31, 2015, profit before tax stood at ` 8,624 crore as compared to ` 7,440 crore in the previous year, representing a growth of 16%. After providing ` 2,269 crore for tax, the profit after tax excluding the impact of Deferred Tax Liability (DTL) on Special Reserve stood at ` 6,355 crore as compared to ` 5,440 crore in the previous year, representing a growth of 17%.

2 The Corporation creates Special Reserve through appropriation of profits in order to avail tax deduction under Section 36 (1)(viii) of the Income Tax Act, The National Housing Bank (NHB) has advised Housing Finance Companies to create a Deferred Tax Liability (DTL) on the amount transferred to Special Reserve as a matter of prudence. After providing ` 365 crore for DTL on Special Reserve, the profit after tax for the year ended March 31, 2015 stood at ` 5,990 crore, representing a growth of 10%. Financials for the quarter ended March 31, 2015 For the quarter ended March 31, 2015, the profit after tax excluding the impact of DTL on Special Reserve stood at ` 1,982 crore as compared to ` 1,723 crore in the previous year, representing a growth of 15%. After providing for DTL on Special Reserve, the profit after tax for the quarter ended March 31, 2015 stood at ` 1,862 crore. DIVIDEND In March 2015, the Board of Directors declared and paid an interim dividend of ` 2 per equity share of ` 2 per share. The Board of Directors recommends payment of final dividend for the year ended March 31, 2015 of ` 13 per equity share of ` 2 per share. The total dividend for the year is ` 15 per equity share as against ` 14 per equity share for the previous year. TOTAL ASSETS As at March 31, 2015, the total assets of HDFC stood at ` 2,53,952 crore as against ` 2,25,432 crore as at March 31, 2014 an increase of 13%. LENDING OPERATIONS Individual loan disbursements grew by 16% during the year. The average size of individual loans stood at ` 23.3 lac as against ` 22.1 lac in the previous year. Loans sold during the preceding twelve months amounted to ` 8,249 crore, of which ` 5,000 crore was sold in the quarter ended March 31, The growth in the individual 2

3 loan book, after adding back loans sold is 23% (17% net of loans sold). The nonindividual loan book grew at 14%. The growth in the total loan book, inclusive of loans sold is 20% (16% net of loans sold). As at March 31, 2015, the loan book stood at ` 2,28,181 crore as against ` 1,97,100 crore in the previous year. Of the total loan book, individual loans comprise 71%. Further, 78% of the incremental growth in the loan book during the year came from individual loans. As at March 31, 2015, the total loans outstanding in respect of loans sold/assigned stood at ` 25,152 crore. HDFC continues to service these loans and is entitled to the residual interest on the loans sold. The residual interest on the individual loans sold/assigned is 1.25% p.a. and is being accounted over the life of the loans and not on an upfront basis. Non-Performing Loans Gross non-performing loans as at March 31, 2015 amounted to ` 1,542 crore. This is equivalent to 0.67% of the loan portfolio (as against 0.69% as at March 31, 2014). The non-performing loans of the individual portfolio stood at 0.51% while that of the nonindividual portfolio stood at 1.01%. As per NHB norms, the Corporation is required to carry a total provision of ` 1,703 crore. The actual balance in the provision for contingencies account as at March 31, 2015 stood at ` 2,034 crore of which ` 481 crore is on account of non-performing loans and the balance ` 1,553 crore is in respect of general provisioning and other provisions. This balance in the provision for contingencies is equivalent to 0.89% of the loan portfolio. The Corporation carries an additional provision of ` 331 crore over the regulatory requirements. Spread and Net Interest Margin The spread on loans over the cost of borrowings for the year ended March 31, 2015 stood at 2.32% compared to 2.29% in the previous year. Net Interest Margin for the year ended March 31, 2015 was 4%. INVESTMENTS As at March 31, 2015, the unrealised gains on HDFC s listed investments amounted to ` 55,185 crore (previous year ` 38,213 crore). This excludes the appreciation in the value of the unlisted investments. 3

4 CAPITAL ADEQUACY RATIO The Corporation s capital adequacy ratio (CAR) after reducing the investment in HDFC Bank from Tier I capital stood at 16%. Of this, Tier I capital was 12.3% and Tier II capital was 3.7%. DTL on Special Reserve has been considered as a deduction in the computation of Tier I and Tier II capital. The CAR without reducing the investment in HDFC Bank from Tier I capital, while treating it as a 100% risk weight stood at 18.9%, of which Tier 1 capital was 15.3% and Tier II capital was 3.6%. As per the regulatory norms, the minimum requirement for the capital adequacy ratio and Tier I capital is 12% and 6% respectively. COST INCOME RATIO For the year ended March 31, 2015, the cost to income ratio stood at 7.6% compared to 7.9% in the previous year. CONSOLIDATED FINANCIAL RESULTS For the year ended March 31, 2015, the consolidated profit after tax stood at ` 8,763 crore as compared to ` 7,948 crore in the corresponding period in the previous year. The deferred tax liability on Special Reserve for the year ended March 31, 2015 amounting to ` 384 crore has been charged to the Statement of Profit and Loss in determining the aforesaid consolidated profits. The consolidated profit after tax for the year ended March 31, 2015 does not consider the charge in respect of the redemption premium on Zero Coupon Debentures amounting to ` 415 crore (net of tax) {` 357 crore for the year ended March 31, 2014}. The adjusted profit after tax after considering the charge in respect of the redemption of premium on Zero Coupon Debentures but prior to considering the impact of DTL on the Special Reserve would have been ` 8,732 crore compared to ` 7,591 crore, representing a growth of 15%. The share of profit from subsidiary and associate companies in the consolidated profit after tax was 32% for the year ended March 31, The consolidated Return on Equity stood at 21.2%. 4

5 REVIEW OF KEY SUBSIDIARY COMPANIES HDFC Standard Life Insurance Company Limited (HDFC Life) Gross premium income for the year ended March 31, 2015 stood at ` 14,830 crore as compared to ` 12,063 crore in the previous year. HDFC Life has reported a profit after tax of ` 786 crore for the year ended March 31, 2015 as against ` 725 crore in the previous year. As at March 31, 2015, the Market Consistent Embedded Value stood at ` 8,805 crore as compared to ` 6,992 crore in the previous year. The new business margin on individual business stood at 22.5% (based on loaded acquisition expenses). HDFC Asset Management Company Limited (HDFC AMC) As at March 31, 2015, HDFC AMC managed 55 debt, equity, gold exchange traded and fund of fund schemes of HDFC Mutual Fund. The average assets under management during the month of March 2015 stood at ` 1,67,161 crore (which is inclusive of average assets under discretionary portfolio management and advisory services). For the year ended March 31, 2015, HDFC AMC reported a profit after tax of ` 416 crore as against ` 358 crore in the previous year. HDFC Mutual Fund ranked first in the industry on the basis of Quarterly Average Assets under Management for the year ended March 31, HDFC ERGO General Insurance Company Limited (HDFC ERGO) The gross written premium (excluding Motor Pool and Declined Risk Pool) of the company increased by 9% to ` 3,256 crore as against ` 2,978 crore in the previous year. The profit after tax for the year stood at ` 104 crore. Lower profits during the year was mainly on account of the impact of natural catastrophes such as the Jammu & Kashmir floods, Cyclone Hudhud and Cyclone Phailin and due to a change in the depreciation policy, aligning it with the Companies Act, DISTRIBUTION NETWORK HDFC s distribution network spans 378 outlets which include 103 offices of HDFC s distribution company, HDFC Sales Private Limited (HSPL). HDFC also covers additional locations through its outreach programmes. Distribution channels form an integral part of the distribution network with home loans being distributed through HSPL, HDFC Bank Limited and third party direct selling associates. 5

6 To cater to non-resident Indians, HDFC has an office in London, Dubai and Singapore and service associates in Kuwait, Oman, Qatar, Abu Dhabi and Saudi Arabia. April 29,

Press Release STANDALONE FINANCIAL RESULTS FOR THE HALF-YEAR ENDED SEPTEMBER 30, 2018

Press Release STANDALONE FINANCIAL RESULTS FOR THE HALF-YEAR ENDED SEPTEMBER 30, 2018 PERFORMANCE HIGHLIGHTS 17% growth in the overall loan book on an Assets Under Management (AUM) basis as at September