GRUH Finance LimitedGRUH Finance Limited(A Subsidiary of HDFC Limited)(A Subsidiary of HDFC Limited)

March 2017

1

GRUH PROFILEGRUH PROFILE

2 2

• Promoted by HDFC & AKFED on July 21, 1986

• Commenced operations in 1988 from Ahmedabad

• A subsidiary of HDFC - Since June 2000A 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• 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• 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

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As on March 31, 2017

• Outstanding LoanAssets of Rs. 13,244Cr.

• AverageLoanOutstanding Per Unit – Rs. 6.38Lac

• Loan Disbursement during the period– Rs. 4,125 Cr.

• AverageLoanPer Unit onDisbursementduring the Period–Rs. 8.86Lac

• Loan Disbursement inRuralAreasduring the Period – Rs. 1,979 Cr.

• Gross NPAs Rs. 40.58Cr – 0.31% of Outstanding LoanAssets of Rs. 13,244 Cr.

• Net NPAs – NIL

5

Ratingsg• Public Deposits :

– ‘MAAA’ by ICRA and– ‘FAAA’ by CRISIL

• Non-Convertible Debentures : ‘AAA (Stable)’ by ICRA and CRISILand CRISIL

• Subordinated NCD: ‘AAA (Stable)’ by ICRA and CRISIL• Commercial Paper : ‘A1+’ by ICRA and CRISILCommercial Paper : A1+ by ICRA and CRISIL

“These rating indicates high safety with regard to timely t f i t t d i i l”payment of interest and principal”

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GRUH PERFORMANCEGRUH PERFORMANCE

7 7

Disbursements(Rs. in Crores)

4000

45004,125

2500

3000

3500

1500

2000

2500

1,487

500

1000

1500

0Mar'12 Mar'13 Mar'14 Mar'15 Mar'16 Mar'17

88

Loan Assets(Rs. in Crores)

12000

14000 13,244

8000

10000

6000

8000

4,077

2000

4000

0Mar'12 Mar'13 Mar'14 Mar'15 Mar'16 Mar'17

99

Profit After Tax(Rs. in Crores)

300

350

297

200

250

300

150

200

120

50

100

0Mar'12 Mar'13 Mar'14 Mar'15 Mar'16 Mar'17

1010

NIM and NIM to ATA

5.5

5.7

5.9

450

500

550526

4.9

5.1

5.3

300

350

400

cror

es)

4.3

4.5

4.7

200

250

300

NIM

( R

s. in

c 4.64

4.20179

3.7

3.9

4.1

50

100

150

3.50Mar'12 Mar'13 Mar'14 Mar'15 Mar'16 Mar'17

NIM (Rs. In crores) NIM to ATA (%)

1111

Gross NPAs & Net NPAs0.70

0.520 50

0.60

0 32 0.32

0.40

0.50

0.32

0.27

0.28

0.31

0.20

0.30

0 00

0.05

0 00 0 00

0.09

0 000 00

0.10

0.00 0.00 0.00 0.00

-0.10

0.00Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17

Gross NPA to Loans (%) Net NPAs to Loans (%)

12

Provisions & Contingencies 63 1365 00

47.23

51.4453.90

56.7159.04

63.13

52.5555.00

65.00

In C

rore

)

39.1140.66

43.21

34.9735.00

45.00

(Rs.

13 6515.67 14.46 16.06 15.63

23.95

16.59

22.5024.61

16.63

19.4522.92

16.6315 00

25.00

8.47

12.23 13.65

8.54

5.00

15.00

-5.00Mar- 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

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NIM & NIE to Average Total Assets

4.184.03 4.03 4.05 4.08

3.91 3.934.11

4.20

3 50

4.00

4.50

2.50

3.00

3.50

1.50

2.00

0.780.83 0.88 0.83 0.79 0.80 0.78 0.74 0.720.50

1.00

0.00Mar- 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

3.66

3.193.20

3 15

3.51

3.11

3.53

3 00

3.50

4.00

2.482 14

2.11

2.36

2.37

3.15 3.07 3.09

2 00

2.50

3.00

2.142.07 2.06 2.05 2.04

1.00

1.50

2.00

0.00

0.50

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 (%)

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Cost to Income Ratio (%)

18.27 19.3818 57

20.00

25.00

16.75

18.5117.44

18.5718.35

16.68

15.8715.00

10.00

0 00

5.00

0.00Mar- 15 Jun- 15 Sept- 15 Dec- 15 Mar- 16 Jun- 16 Sep - 16 Dec - 16 Mar- 17

Cost to Income Ratio (%)

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Loan DisbursementsLoan DisbursementsAs at

March 31As at

March 31Growth

(Rs. in Crores)

March 31, 2017

March 31, 2016

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

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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

S j t R i L 77 98 0 59 45 33 0 41Sajavat Repair Loans 77.98 0.59 45.33 0.41

Total Home Loans * 10756.85 81.22 9038.82 81.33

Mortgage (LAP) Loans * 1488.49 11.24 1247.02 11.22g g ( )

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

(*) Individual LoansLoan Asset Growth of 19%

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Loan Portfolio-wise NPLAs at March 31, 2017 As at March 31, 2016

Amount % Amount %

H L * 32 64 0 30 23 24 0 26Home Loans * 32.64 0.30 23.24 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

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Assets Profile

1.15% 1 25% 0 87%

1.26% 1.49% 1.75%

0.10% 0.13% 0.16%

98%

99%

100%

1.25% 0.87%

96%

97%

Fixed Assets

97.49% 97.13% 97.22%93%

94%

95% Current Assets Investments Loan Assets

90%

91%

92%

90%

Mar 17 Mar 16 Mar 15

20

Sources of Borrowingg39%

36%

38%40%

45%

31%

34%33%

25%

30%

35%

NHB 

Bank Loans

Public Deposits

13%14%

16%

20%

17%

15%

20%

25%

Others

9%

5%

10%

0%Mar‐17 Mar‐16 Mar‐15

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Borrowing Profile As on March 31, 2017

ROI Base Tenure Base

0.30%

46%

Fixed

Floating

99.70%

Short Term (**) Long Term (*)

54%

(*) Average tenure 8.47 years(**) Average tenure less than one year

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Balance SheetAs on March 31, (Rs. in Crores)

2017 2016 Growth (%)

Sources of Funds

Share Capital 72.91 72.74 1

Reserves & Surplus 1040 30 762 56 36Reserves & Surplus 1040.30 762.56 36Borrowings 12018.16 10244.40 17Current Liabilities & Provisions 331.60 304.37 9Deferred Ta Liabilit (Net) 122 99 58 55 110Deferred Tax Liability (Net) 122.99 58.55 110

13585.96 11442.62 19

Application of Funds

Loan Assets 13244.32 11114.55 19Investments 156.10 142.92 9Current Assets 171.84 170.59 1Fixed Assets 13.70 14.56 (6)

13585.96 11442.62 19

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Income StatementAs 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 24 21 93 47Provisions, Contingencies and Write Offs 32.24 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

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Risk Profile Loan Assets & NPAs

As on March 31, (Rs. in Crores)

2017 2016Loan Assets (Rs.) 13244.32 11114.55

Provision for Standard Assets (Rs.) 63.13 51.44

Gross NPAs (Rs ) 40 58 35 55Gross NPAs (Rs.) 40.58 35.55

Provision for NPAs (Rs.) 23.95 8.54

Provision for Contingencies 16.63 16.63

Net NPAs (Rs.) 0.00 10.38

RatiosGross NPA as % to Loans 0.31 0.32

Net NPA as % to Loans 0.00 0.09

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Quarterly Financial ResultsAs on March 31, (Rs. In Crore)

Q4-CY Q4-PY Q3-CY YOY CY YOY PY1. Operating Income 416.11 366.91 381.02 1487.39 1275.40p g2. Total Income 416.11 366.91 381.02 1487.39 1275.403. Interest and Other Charges 230.68 215.09 229.70 919.62 807.414. Non-interest Expenses 23.44 20.14 21.24 90.67 81.334. Non interest Expenses 23.44 20.14 21.24 90.67 81.33

5. Depreciation 0.68 0.80 0.70 2.86 3.036. Provisions, Contingencies &

Write Offs 1.35 6.10 32.73 32.24 21.93te O s 35 6 0 3 3 3 937. Total Expenditure 256.15 242.13 284.37 1045.39 913.708. Profit Before Tax 159.96 124.78 96.65 442.00 361.709 Tax Expenses 49 51 36 96 32 61 145 35 118 129. Tax Expenses 49.51 36.96 32.61 145.35 118.1210. Profit After Tax 110.45 87.82 64.04 296.65 243.58

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Key Financial RatiosAs on March 31,

2017 2016 2015

Net Interest Margin / ATA (%) 4.20 4.08 4.18

Non Interest Expenses / ATA (%) 0 72 0 79 0 78p ( ) 0.72 0.79 0.78

PBT/ATA (%) 3.53 3.51 3.66

PAT/ATA (%) 2 37 2 36 2 48( ) 2.37 2.36 2.48

Cost to Income Ratio (%) 16 17 17

Return on Equity (%) 30 31 31q y ( ) 30 31 31

ATA = Average Total Assets

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Key Financial RatiosKey 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 RatiosKey Financial Ratios

As on March 31,

2017 2016 2015C it l Ad R ti (%)Capital Adequacy Ratio (%) 18.31 17.82 15.36

Tier – I 16.81 16.13 13.89

Ti IITier –II 1.50 1.69 1.47

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Productivity RatiosProductivity RatiosAs on March 31,

2017 2016 20152017 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 162105 1852 1621

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Rural Focus

• Cumulative Rural Disbursement of Rs.10,709 Cr.

(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)

,

• Disbursed 2,03,026 cases in rural segment

• Presence in 125 Districts of 11 States• Presence in 125 Districts of 11 States

• Servicing customers in 1,131 Taluka places in 11 States

Di b d R 8 C 1 6 6 6 f ili d G ld• Disbursed Rs.8,575 Cr. to 1,67,676 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

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Thank You