GRUH Finance Limited (A Subsidiary of HDFC Limited) March 2017 1
GRUH PROFILE 2 2
Promoted by HDFC & AKFED on July 21, 1986 Commenced operations in 1988 from Ahmedabad A subsidiary of HDFC - Since June 2000 Regulated by National Housing Bank (NHB) Wholly owned subsidiary of Reserve Bank of India (RBI) Recognized by NHB for Refinance facility 3
As on March 31, 2017 Cumulative Housing Units Financed 3,63,494 Cumulative Disbursement of Rs. 22,976 Cr. Cumulative Disbursement in Rural Areas (*) Rs.10,709 Cr. Retail Network of 185 offices across 11 States. Consistent track record of Dividend Payout (*) Rural Areas are locations where populations is less than 50,000 4
As on March 31, 2017 Outstanding LoanAssets of Rs. 13,244 Cr. Average Loan Outstanding Per Unit Rs. 6.38 Lac Loan Disbursement during the period Rs. 4,125 Cr. Average Loan Per Unit on Disbursement during the Period Rs. 8.86 Lac Loan Disbursement in RuralAreas during the Period Rs. 1,979 Cr. Gross NPAs Rs. 40.58 Cr 0.31% of Outstanding LoanAssets of Rs. 13,244 Cr. NetNPAs NIL 5
Ratings Public Deposits : MAAA by ICRA and FAAA by CRISIL Non-Convertible Debentures : AAA (Stable) by ICRA and CRISIL Subordinated NCD: AAA (Stable) by ICRA and CRISIL Commercial Paper : A1+ by ICRA and CRISIL These rating indicates high safety with regard to timely payment of interest t and principal i 6
GRUH PERFORMANCE 7 7
Disbursements (Rs. in Crores) 4500 4,125 4000 3500 3000 2500 2000 1500 1,487 1000 500 0 Mar'12 Mar'13 Mar'14 Mar'15 Mar'16 Mar'17 8 8
Loan Assets (Rs. in Crores) 14000 13,244 12000 10000 8000 6000 4,077 4000 2000 0 Mar'12 Mar'13 Mar'14 Mar'15 Mar'16 Mar'17 9 9
Profit After Tax (Rs. in Crores) 350 300 297 250 200 150 120 100 50 0 Mar'12 Mar'13 Mar'14 Mar'15 Mar'16 Mar'17 10 10
NIM and NIM to ATA 550 500 526 5.9 5.7 NIM ( Rs. in crores) 450 400 350 300 250 200 150 100 4.64 179 4.20 5.5 5.3 5.1 4.9 4.7 4.5 4.3 4.1 3.9 50 3.7 0 Mar'12 Mar'13 Mar'14 Mar'15 Mar'16 Mar'17 3.5 NIM (Rs. In crores) NIM to ATA (%) 11 11
Gross NPAs & Net NPAs 0.70 0.60 050 0.50 0.52 0.40 0.30 032 0.32 0.27 0.32 0.31 0.28 0.20 0.10 0.09 0.05 000 0.00-0.10 000 0.00 000 0.00 000 0.00 000 0.00 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Gross NPA to Loans (%) Net NPAs to Loans (%) 12
Provisions & Contingencies 65.00 63.13 55.00 51.44 53.90 56.71 59.04 52.55 47.23 45.00 39.11 40.66 43.21 In Crore) 35.00 34.97 (Rs. 25.00 15.00 16.59 12.23 22.50 13.65 24.61 15.67 19.45 16.63 14.46 16.06 22.92 15.63 23.95 16.63 8.47 8.54 5.00-5.00 Mar- 15 Jun- 15 Sep- 15 Dec- 15 Mar- 16 Jun- 16 Sep- 16 Dec - 16 Mar - 17 Provision for NPAs Provision for Standarad Assets Provision for Contingencies 13
NIM & NIE to Average Total Assets 4.50 4.00 350 3.50 4.18 4.03 4.03 4.05 4.08 3.91 3.93 4.11 4.20 3.00 2.50 2.00 1.50 1.00 0.50 0.78 0.83 0.88 0.83 0.79 0.80 0.78 0.74 0.72 0.00 Mar- 15 Jun- 15 Sep- 15 Dec- 15 Mar- 16 Jun- 16 Sep - 16 Dec - 16 Mar - 17 Net Interest Margin to Average Total Assets(%) Non-Interest Expenses to Average Total Assets (%) 14
PBT & PAT to Average Total Assets 4.00 3.50 300 3.00 3.66 3.19 3.20 315 3.15 3.51 3.11 3.07 3.09 3.53 2.50 2.36 200 2.00 2.48 214 2.14 2.11 2.07 2.06 2.05 2.04 2.37 1.50 1.00 0.50 0.00 Mar- 15 Jun- 15 Sept- 15 Dec- 15 Mar- 16 Jun - 16 Sep - 16 Dec - 16 Mar - 17 PAT to Average Total Assets (%) PBT to Average Total Assets (%) 15
25.00 Cost to Income Ratio (%) 20.00 15.00 16.75 18.27 19.38 18.51 17.44 18.57 18.35 16.68 15.87 10.00 5.00 000 0.00 Mar- 15 Jun- 15 Sept- 15 Dec- 15 Mar- 16 Jun- 16 Sep - 16 Dec - 16 Mar- 17 Cost to Income Ratio (%) 16
Loan Disbursements As at March 31, 2017 As at March 31, 2016 (Rs. in Crores) Growth Amount Amount % Home Loans * 3121.36 2386.98 30.77 Mortgage (LAP) Loans * 461.66 922.08 (49.93) NRP Loans * 71.06 141.85 (49.90) Developer Loans 471.20 405.67 16.15 Total 4125.28 3856.58 6.97 (*) Individual Loans 17
Outstanding Loans (Rs. in Crores) As at March 31, 2017 As at March 31, 2016 Amount % Amount % Suraksha Home Loans 6866.57 51.85 5866.95 52.79 Suvidha Home Loans 3812.30 28.78 3126.54 28.13 Sajavat Repair Loans 77.98 059 0.59 45.33 041 0.41 Total Home Loans * 10756.85 81.22 9038.82 81.33 Mortgage g (LAP) Loans * 1488.49 11.24 1247.02 11.22 NRP Loans * 403.34 3.05 394.76 3.55 Developer Loans 595.64 4.49 433.95 3.90 Total 13244.32 100.00 11114.55 100.00 Loan Asset Growth of 19% (*) Individual Loans 18
Loan Portfolio-wise NPL As at March 31, 2017 As at March 31, 2016 Amount % Amount % Home Loans * 32.64 030 0.30 23.2424 026 0.26 Mortgage (LAP) Loans * 6.09 0.41 9.74 0.78 NRP Loans * 1.85 0.46 2.57 0.65 Developer Loans 0.00 0.00 0.00 0.00 Total 40.58 0.31 35.55 0.32 (*) Individual Loans 19 19
Assets Profile 100% 99% 0.10% 0.13% 0.16% 1.26% 1.49% 1.75% 98% 97% 1.15% 125% 1.25% 087% 0.87% 96% Fixed Assets 95% Current Assets 94% 93% 92% 91% Investments 97.49% 97.13% 97.22% Loan Assets 90% Mar 17 Mar 16 Mar 15 20
Sources of Borrowing 45% 40% 35% 31% 36% 39% 38% 34% 33% NHB 30% Bank Loans 25% Public Deposits 20% 15% 13% 20% 14% 16% Others 17% 10% 9% 5% 0% Mar 17 Mar 16 Mar 15 21
Borrowing Profile Tenure Base As on March 31, 2017 ROI Base 0.30% 46% Fixed Floating 99.70% 54% Short Term (**) Long Term (*) (*) Average tenure 8.47 years (**) Average tenure less than one year 22
As on March 31, Sources of Funds Balance Sheet (Rs. in Crores) 2017 2016 Growth (%) Share Capital 72.91 72.74 1 Reserves & Surplus 1040.30 762.56 36 Borrowings 12018.16 10244.40 17 Current Liabilities & Provisions 331.60 304.37 9 Deferred Tax Liability (Net) 122.99 58.5555 110 Application of Funds 13585.96 11442.62 19 Loan Assets 13244.32 11114.55 19 Investments 156.10 142.92 9 Current Assets 171.84 170.59 1 Fixed Assets 13.70 14.56 (6) 13585.96 11442.62 19 23
Income Statement As on March 31, (Rs. in Crores) 2017 2016 Growth (%) Interest income 1445.75 1228.58 18 Interest expenses 919.62 807.41 14 Net interest Margin 526.13 421.17 25 Non-Interest Income 41.63 46.82 (11) Non-Interest Expenses 87.30 79.06 10 Depreciation 2.86 3.03 (6) Provisions, Contingencies and Write Offs 32.2424 21.93 47 CSR Expenses 3.36 2.26 49 Profit Before Tax 442.00 361.70 22 Provision for Taxation 145.35 118.12 23 Profit After Tax 296.65 243.58 22 24
As on March 31, Risk Profile Loan Assets & NPAs (Rs. in Crores) 2017 2016 Loan Assets (Rs.) 13244.32 11114.55 Provision for Standard Assets (Rs.) 63.13 51.44 Gross NPAs (Rs.) 40.58 35.5555 Provision for NPAs (Rs.) 23.95 8.54 Provision for Contingencies 16.63 16.63 Net NPAs (Rs.) 0.00 10.38 Ratios Gross NPA as % to Loans 0.31 0.32 Net NPA as % to Loans 0.00 0.09 25
Quarterly Financial Results As on March 31, (Rs. In Crore) Q4-CY Q4-PY Q3-CY YOY CY YOY PY 1. Operating Income 416.11 366.91 381.02 1487.39 1275.40 2. Total Income 416.11 366.91 381.02 1487.39 1275.40 3. Interest and Other Charges 230.68 215.09 229.70 919.62 807.41 4. Non-interest Expenses 23.44 20.14 21.24 90.67 81.33 5. Depreciation 0.68 0.80 0.70 2.86 3.03 6. Provisions, Contingencies & Write Offs 1.35 6.10 32.73 3 32.24 21.93 7. Total Expenditure 256.15 242.13 284.37 1045.39 913.70 8. Profit Before Tax 159.96 124.78 96.65 442.00 361.70 9. Tax Expenses 49.51 36.96 32.61 145.35 118.1212 10. Profit After Tax 110.45 87.82 64.04 296.65 243.58 26
Key Financial Ratios As on March 31, 2017 2016 2015 Net Interest Margin / ATA (%) 4.20 4.08 4.18 Non Interest Expenses / ATA (%) 072 0.72 079 0.79 078 0.78 PBT/ATA (%) 3.53 3.51 3.66 PAT/ATA (%) 237 2.37 236 2.36 248 2.48 Cost to Income Ratio (%) 16 17 17 Return on Equity (%) 30 31 31 ATA = Average Total Assets 27
Key Financial Ratios Particulars March 31, 2017 March 31, 2016 Book Value Per Share 31 23 Earnings Per Share 8.15 6.70 Market Capitalization (Rs. In Crore) 14,433 8,701 28 28
Key Financial Ratios As on March 31, 2017 2016 2015 Capital ladequacy Ratio (%) 18.31 17.82 15.36 Tier I 16.81 16.13 13.89 Tier II 1.50 1.69 1.47 29
Productivity Ratios As on March 31, 2017 2016 2015 Average No. of Employees 661 618 567 Average No. of Retail offices 182 167 148 Profit After Tax Per Employee (Rs. in Lakhs) 45 39 36 Total Assets Per Employee ( Rs. in Lakhs) 2057 1852 1621 30
Rural Focus (Rural location is a location where population is less than 50000. A state is divided into districts and each District cover 10-15 Talukas and each Taluka is a cluster of 80-100 villages) Cumulative Rural Disbursement of Rs.10,709 Cr. Disbursed 2,03,026 cases in rural segment Presence in 125 Districts of 11 States Servicing customers in 1,131 Taluka places in 11 States Disbursed Rs.8,575 Cr. to 1,67,676 6 6 families under Golden Jubilee Rural Housing Finance Scheme of Government of India Cumulative disbursement of Rs. 2,203 Cr. to 39,355 families under Rural Housing Fund 31
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