GRUH FINANCE LTD. 
By
GRUH FINANCE LTD.
FINANCIAL RESULTS FOR THE QUARTER ENDED DECEMBER 31, 2011
The Board of Directors of GRUH Finance Ltd. (GRUH) - a
subsidiary of HDFC Ltd. - has approved the accounts for the
quarter ended December 31, 2011 at their meeting held in
Mumbai on January 12, 2012.
FINANCIAL RESULTS
Profit after tax for the year amounted to 64.77 crores as
compared to 49.91 crores for the previous year, an increase
of 30%.
DetailDecember 31, 2011December 31, 2010Growth (%)Net
Interest Margin131.41103.1127Non Interest
Expenses29.2623.4725Operating Profit114.5689.3128Profit
Before Tax95.7673.6330Profit After
Tax64.7749.9130Disbursements1001.19842.8519
Housing Loan Portfolio
The loan portfolio as at December 31, 2011 amounted to
3761.31 crores as against 2936.63 crores in the previous year
- an increase of 28%.
LENDING OPERATIONS
Loan Disbursements
Loan disbursements during the year were 1001.19 crores as
against 842.85 crores in the previous year indicating a
growth of 19%.
Cumulative loan disbursements as of December 31, 2011 were
6857.06 crores.
Non-Performing Loans
The gross NPA as at December 31, 2011 stands at 36.66 crores
or 0.98% (total loan outstanding portfolio of 3761.31
crores).
GRUH is required to carry a provision of 10.01 crore on its
Gross NPA portfolio of 36.66 crore as on December 31, 2011
based on the revised guidelines and 14.90 crores towards
standard assets i.e. a total provision of 24.91 crore.
However, as a prudent measure, GRUH has made more than the
required provision as a result of which, the Net NPA as at
December 31, 2011 stands at NIL indicating Net NPA to loans
of NIL.
DEPOSITS
GRUH's deposit portfolio has increased to 357.25 crores, up
from 286.48 crores last year. GRUH's Fixed Deposit programme
has been rated "FAA+" by CRISIL and "MAA+" by ICRA. The
rating of "FAA+" and "MAA+" indicates 'High Safety" as
regards repayment of interest and principal. GRUH's
Commercial Paper (CP) is rated at "P1(+)" by CRISIL and Non
Convertible Debenture (NCD) is rated at "AA+" by ICRA.
RETAIL NETWORK
GRUH has a network of 121 retail offices across 7 states of
the country. GRUH has 38 offices in Gujarat, 38 offices in
Maharashtra, 10 offices in Karnataka, 18 offices in Madhya
Pradesh, 9 offices in Rajasthan, 4 offices in Chhatisgarh and
4 offices in Tamil Nadu.
Highlights of Operational Performance
| Detail | December 31, 2011 | December 31, 2010 | Growth (%) |
| Net Interest Margin | 131.41 | 103.11 | 27 |
| Non Interest Expenses | 29.26 | 23.47 | 25 |
| Operating Profit | 114.56 | 89.31 | 28 |
| Profit Before Tax | 95.76 | 73.63 | 30 |
| Profit After Tax | 64.77 | 49.91 | 30 |
| Disbursements | 1001.19 | 842.85 | 19 |
| distribué par | Ce noodl a été diffusé par Gruh Finance Limited et initialement mise en ligne sur le site http://www.gruh.com. La version originale est disponible ici. Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-01-12 13:52:04 PM et restera accessible depuis ce lien permanent. Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité. |
