GRUH FINANCE 2s LIMITED ‘We help you build homes PART —| UNAUDITED FINANCIAL RESULTS FOR THE QUARTER / HALF YEAR ENDED SEPTEMBER 30, 2015 od Office:"GRUH", Netaji Marg, Near Mithakhali Six Roads, Ellisbridge, Anmedabad-380 006 Tol, (91)(79) 3200 1222/23, 2642 1671-74 CIN:L65923GJ1986PLC008809 - Website: www.gruh.com Fax: (91) (79) 2656 0649, (Rs. in crores) Quarter | Quarter | Half Year | Half Year | Year re ended | ended | ended | ended | ended Sept 30, | June 30, | Sept30, | Sept 30, | Sept 30, | March 31, 2015" |" 2015 | 2014 2015 2018 2015 Un- Audit Audited ‘income from Operations : {8) Revenue from Operations srie1| 29439/ 5773/6020) 4994] 1,080.31 ') Other Income 000/000 0.00 0.00 01 01 Tee site| 20439| 257.73 / 606.20| 499.35 | 4,060.32 Expenditure 2) Finanoe Cost 19874| 19018 [ 16845[ senez| sanav| arr73 ») Employee Benefit Expenses 1s57|e40] 12.90| 2397 20.85 35.19 ©) Other Expenses 926| 8.10 623] 1746 1293 27.55 6) Depreciation or2| 078 0.80 1.50 (048) 1.29 e)Bad Debts Written off oi] 028 018 040 026 203 1 Provision for Contingencies 705] 1180 391 1885 18.69 1569 Total Expenditure za1s6| 21954/ 190.54| 451.10| avoss| 759.48 Profit Before Tax 90.25) 7485) 67.19| 155.10| 12871| 300.86 Tax Expenses 2es4| 2asa| 24.10] 53.08 4371 97.04 Net Profit After Tax suri] 0.31] 43.09] — to202 203.80 Earnings per Share (of Rs. 2 each) 1423} 1384] 4.492 2.352 8871 Basic (Rs) Diluted (Rs.) 4423 | 1383/4490 2348 5.566 ‘abenture Redemption Reserve (") : - : Debt Equiy Ratio () 1178 1037 1155 Debi Service Coverage Ratio) 042 034 ‘067 Inierest Service Coverage ra 1.46 1.48 1.48 Paid-up Debt Capital 35.00 35.00 3500 Paid-up Equity Share Capital (Face Value of Rs. 2) mz| m7| re1| 7273 rei 7268 Reserves and Surplus 638.81 A Subsidiary of HDFO Ltd |PART ~I Selected information for the Quarter / Half year ended September 30, 2015 paca gue, | Se | ame | more | SOS | cee | SR | seer |e | ate |S ze esi aia Pima hema Go ag oan —— ee oe ee foots cree ee Me salSma manatee $2 sone anaes ‘Shert oa Sactienn , Ni ‘I “ Ni Nt ne Lyne caette Conran awa Se oe ese oe gs & Seetmsdecomey | ee] we] wm] am] wa] am (Infomation provided pursuant to Secuniies and Exchange Board f India cular dated May 11, 2009 in terms of Ssimpliied Listing Agreement fr Debt Secures (OISCR = Caan Eamings Before Interest and Tax! Interest Expenses; DSCH (Cash Eamings Before interest and Tax + Principal repayment of Loan Assets /(Inorest + Princlpa repayment of Borouings) B. Investor Complaints ‘Quarter ‘ended Sept 30, 2015 Pending at the beginning of the quarter Nil Received during the quarter 7 Disposed off during the quarter 7 Remaining unresolved at the end of the quarter Nir Notes : 1. The Company's main business is to provide loans for purchase or construction of residential houses. Al! ‘other actities of the Company revolve around the main business As such, ‘eportable segments as per the Accounting Standard on Segment Reporting (AS 17). there are no separate 2 Loan Assets have increased from Rs. 7.920 crores as on September 30, 2014 to Rs. 9,013 crores a8 on September 30, 2015 registering a growth of 25% 3. The aggregate NPAs of the Company are 0.58% of the Loan Assets as against 0.38% of the Loan Assets as (on September 30, 2014. The Net NPAs of the Company are 0.20% ofthe Loan Assets. ‘4. During the period under review, there are no transactions in the nature of exceptional or extraordinary items. iLa CD rmince 5. Vide circular NHB(ND)/ORS/Policy Circular 5/2014-15 dated August 22, 2014, the National Housing Bank NHB") has directed Housing Finance Companies (HFCs) to provide for @ deferred tax lability in respect of ‘amount transferred to “Special Reserve" created under section 36(1)(vii) of the Income Tax Act, 1061 Accordingly, the Company has charged its Statement of Profit & Loss for the quarter and half-year ended September 30, 2015 with the deferred tax liability on addtional amount expected to be appropriated towards Special Reserve out of profits ‘As per above circular, NHB has advised HFCs to create defered tax liablty in respect of accumulated balance of Special Reserve as on Apri 1, 2014 fiom the reserves over a petiod of 3 years starting with financial year 2014-16, in a phased manner in the ratio of 25:25:50. Accordingly, the Company has created first phase of 25% deferred tax iabilty on accumulated special reserve as on April 1, 2014 atthe year end {annual accounts of FY 2014-18. The Company would create second phase of 25% of deferred tax labilty on ‘accumulated Special Reserve as on April 1, 2014 atthe year end in annual accounts of FY 2015-16 '8. During the quarter, ICRA has upgraded GRUH's Long-Term Borrowing rating from [ICRA] A+ (pronounced 'CRA double A plus) with positive outlook to [ICRA] AAA (pronounced ICRA triple A) with stable outlook. 7. During the quarter, the Company allotted 1,36,920 Equity Shares pursuant to the exercise of the stock ‘options by certain employees, VVCD ite 8. A Statement showing Assets and Libilies a8 required under clause 41() (tof Listing Agreement is as tor a: (Rs, in erores) 7 i Sepiombor30, "| "Ks Atmech i, Saneere 2015 See 2014 2015 od La Shareholders Funds Share Conta naz 261 7268 Reserves and Supe mata? e234 e3831 1430 701.45 78 Non Curent Listes Long-Term Borownge eesee| — sorae7 0244 Detered Tax Lap (Net 2308 000 1878 ter Long-Term Labs eco a0 ase Long-Term Provtons vars ores 643 75093 | ——sae-a7 70 Current Liat Short-Term Borownge tzaat]—tarare ors18 Trade Payties 078 036 ose ter Curent abities 104130 70478 6076 Shot-Tarm Provsione Bat ‘90 0.14 232218| ~~ aaaee Tza00| 70,407.30 | ——a89.70 .t0078 Assets Non-Curtent Assets Tangible Assets 1349 1188 ta79 Inangle Asses a7 000 1.00 Non-Curent nvesiments 2038 4120 5020 Detored Tax Assets Net) 00 ‘210 0.00 Long-Tem Loans and Advances Losne oszare} —raszar sees ters 04 ‘160 2000 Other Non Curent Asets [awe 0525 2120 9,405.92, 7,562.89 8,489.58 Current Assets Curent investments to70r sazs 20x Cash and Bank Belonces 2590 003 nor Short-Term Loan and Advances ar 5033, 3808, (Other Current Asets Loare 08 20 0228 e429 Oters [ae 334 a2 wera? eet ‘igs 030739 5870 ‘078 ‘The Classification of Assets and Liabilties info Current and Non-Curer ‘residual maturity profile as per the requirement of Schedule Il 1 the Cony nt is carried out based on their panies Act, 2013,CD iti 8 Previous periodiyear figures have been regrouped and reclassified, where necessary, to make them ‘comparable with current quarter figures. ‘The above results for the quarter / half-year ended September 30, 2016, 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 October 19, 2015 in terme of Clause. 41 of the Listing Agreement For GRUH Finance Limited Yes.& Managing Director October 19, 2015 Mumba @SORAB S. ENGINEER & CO. (Regd.) CHARTERED ACCOUNTANTS. ‘TELEPHONE : 2658 4304 ax (079) 26589710 0s, arma HOUSE MAN —_isasebinieseco dn OPP OLO RESERVE BANK OF INDIA sseanmat ‘Suma Road WEB: www.sseco.in AHMEDABAD:360 009, October 19, 2015 Review Report to the Board of Directors GRUH Finance Limited Ahmedabad We have reviewed the accompanying statement of unaudited financial results of GRUH FINANCE LIMITED (“the Company”) for the period of three months ended September 30, 2015 except for the disclosures regarding Public ‘Shareholding’ and ‘Promoter and Promoter Group Shareholding’ which have been traced from disclosures made by the management and have not been audited by us. This statement Is the responsibility of the Company's Management and has been approved by the Board of Directors. Our responsibility is to issue a report on these financial statements based on our review. We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity” issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion, Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited financial results prepared in accordance with applicable accounting standards notified under the Companies Act, 1956 read with General Circular 15/2013 dated 13 September 2013 of the Ministry of Corporate Affairs in respect of section 133 of the Companies Act, 2013 and other recognised accounting practices and policies has not disclosed the information required to be disclosed in terms of Clause 41 of the Listing Agreement including the manner in which it is to be disclosed, or that it contains any material misstatement. AP ror nore 8. Engurney a Co AO” Rrrcecee , coatowes 8, aumento 7 iether - CA. N. D. Anklesaria Partner Membership No. 10250 ‘Mumbai J, Mur400 021 Raheja Genre, Fe Press Jounal Marg, Nariman oit. es TELEPHONE : +91-22-2282 4811, 2204 0861 EMAIL sorabsengineer@yahoo com, ssemum@ssecoins WEB waw ssecoin