GRUH Finance Limited

(A Subsidiary of HDFC Limited)

JUNE 2016

Profile
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
b idi off Reserve
R
B k off India
Bank
I di (RBI)
Recognized by NHB for Refinance facility

Profile
As on June 30, 2016

Cumulative Housing Units Financed 3,39,845

Cumulative Disbursement of Rs.20,012 Cr.
Average Loan Per Unit on Cumulative Disbursement Rs.7.12 Lac
Cumulative Disbursement in Rural Areas(*) Rs.9,156 Cr.
Retail Network of 179 offices across 10 States.
Consistent track record of Dividend Payout
(*)

Rural Areas are locations where populations is less than 50,000

Profile
As on June 30
30, 2016

Outstanding LoanAssets of Rs. 11,544 Cr.

Average Loan Outstanding Per Unit Rs. 6.18 Lac
Loan Disbursement during the period Rs. 940 Cr.
Average Loan Per Unit on Disbursement during the PeriodRs. 9.25Lac
Loan Disbursement in RuralAreas during the period Rs.457 Cr. (48.61%)
Gross NPAs Rs. 64.70 Cr 0.56% of Outstanding LoanAssets of Rs. 11,544 Cr.
Net NPAs Rs.31 Cr (0.27%)

Ratings
Public Deposits :
FAAA b
by CRISIL and
d
MAAA by ICRA
Non-Convertible
Non Convertible Debentures : AAA
AAA (Stable)
(Stable) by ICRA
Subordinated NCD: AAA (Stable) by ICRA
Commercial Paper
p : A1+ by
y ICRA
These rating indicates high safety with regard to timely
payment of interest and principal

Share Holding
g Pattern
As on June 30, 2016
FI, MF & Banks
4.39%

Individuals
18.40%

Corporate Bodies
2.08%
FII's
13.59%
13
59%
NRIs/OCBs
2.95%

HDFC
58 59%
58.59%

GRUHS Presence
Retail Offices
FY

No.ofRetailOffices
AsonJune30,2016

Nos.

2000

- 28

2006

- 65

2010

- 95

2011

- 115

2012

- 120

2013

- 134

2014

- 142

2015

- 154

2016

- 179

Districts covered - 121

Taluka serviced - 1077

Ra ja s than,11

Jha rkha nd,

1
Ta mi l Na du,10
Utta rPra des h,3
Bi ha r,1

Guja ra t,46

Chha tti s garh,13

Ka rna ta ka,17

Ma ha ra shtra,49
Ma dhya Pra des h,
28

Loan Assets
14000
11,544

12000
10000
8000
6000
4000

3 363
3,363

2000
0
June'11

June'12

June'13

June'14

Loan Assets ( Rs. in Crores)

June'15

June'16

Disbursements
1000

940

900
800
700
600
500
400

322

300
200
100
0
June'11

June'12

June'13

June'14

Disbursements ( Rs. in Crores)

June'15

June'16

Profit Before Tax

100
90

90
80

PBT ( Rs. in cro

ores)

70
60
50
40
30

27

20
10
0
June'11

June'12

June'13

June'14

PBT ( Rs. in Crores)

10

June'15

June'16

Profit After Tax

70
60

60
50

PAT (Rs.incrores)

40
30
20

21

10
0
June'11

June'12

June'13

June'14

PAT ( Rs. in Crores)

11

June'15

June'16

Loan Assets and Gross NPAs to Loans

14000

0.70

0.62
0 57
0.57

Loan Assets (Rs. in Crore)

0.56
0
56

0 58
0.58
0.52

10000

0.50

0.44
8000

6000

0.60

11544

0 40
0.40

0.38
0.32

0.30

0.28

7388

4000

0.20

2000

0.10

0.00
Jun-14

Sep-14

Dec-14

Mar-15

Jun-15

12

Sep-15

Dec-15

Mar-16

Jun-16

Gross NPAs to Lo
oans (%)

12000

Provisions & Contingencies

53.90

55 00
55.00
51.44
47.23
43.21

45.00
40.66

39 11
39.11
36.63

(Rs. In Crore)

35.00

34.71

34.97

32.23
29.72
24 61
24.61

25.00

22.50

20.62

19.47

19.45
16.59

15.00

12.95
10 16
10.16

16.63
14.46

15.67

13.65
12 23
12.23

9.98

8.54

8.47

5.00

J
Jun14

S
Sep14

D
Dec14

M 15
Mar-

J
Jun15

S
Sep15

D
Dec15

M 16
Mar-

-5.00
Provision for NPAs

Provision for Standarad Assets

13

Provision for Contingencies

J
Jun16

Gross NPAs & Net NPAs

0.70

0.62

0.60
0.58

0.57

0.56

0 52
0.52

0.50
0.44
0.40
0.38

0.32

0.30
0.28

0.27

0.20

0.20
0.15

0.14

0.10

0.09

0.07
0.04
0.00
Jun-14
-0.10

0.00
Sept-14

Dec-14

0.00
Mar-15

Jun-15

Gross NPA to Loans (%)

14

Sept-15

Dec-15

Net NPAs to Loans (%)

Mar-16

Jun-16

NIM & NIE to Average Total Assets

4.50
4.00

4.17

4.15

4.15

4.18
4.03

4.03

4.05

4.08
3.91

3 0
3.50
3.00
2.50
2.00
1.50
1.00
0.99
0.50

0.89

0.90

0.86

0.80

0.95

0.92

0.88

0.78

0.00
Jun- 14

Sep- 14

Dec- 14

Mar- 15

Jun- 15

Net Interest Margin to Average Total Assets(%)

Sep- 15

Dec- 15

Mar- 16

Non-Interest Expenses to Average Total Assets (%)

15

Jun- 16

Cost to Income Ratio (%)

22.00
21.12
20.95

21.00

20.07

20.00
19.44

19.14
19.00
18.82
18.40

18.00

18.12
17 71
17.71
17.00

16 00
16.00
Jun- 14

Sept- 14

Dec- 14

Mar- 15

Jun- 15

Sept- 15

Cost to Income Ratio (%)

16

Dec- 15

Mar- 16

Jun- 16

Assets Profile
100%

99%

0 00% 0.11%
0.00%
0 11%

1.78%

0 00%
0.00%

0.14%

0.22%

1.95%

0.16%

1.83%

98%

1.52%

0.82%

0.78%

97%

96%

Deffered Tax Assets

Fixed Assets

95%

Current Assets
Investments

94%

Loan Assets

96.59%

97.09%

97.01%

June 15

June 14

93%

92%

91%

90%

June 16

17

Loan Assets Profile

100%

4.13%

3.61%

90%

3.58%

2.93%

3.85%

4.45%

80%
70%
60%
50%

Developer
p Loans
92.26%

92.62%

92.57%

40%

NRP Loans - Individuals

Home Loans - Individuals

30%
20%
10%
0%

June 16

June 15

June 14

* 91.78% of Loans are on Variable Rates

** Average duration of loan sanction is 213 months

18

Liability
y Profile
120%
100%

8%

8%

9%

80%
Shareholders'Funds

60%
40%

92%

92%

91%

June 16

June 15

June 14

20%
0%

19

LoanFunds

Sources of Borrowing
g
60%

51%
50%

40%
35%

34%
32%

32%

NHB
BankLoans

30%

PublicDeposits
Others
22%
20%

20%

19%
17%
15%
13%
10%

10%

0%
June16

June15

20

June14

Borrowing Profile
As on June 30, 2016

ROI Base

Tenure Base
32%

26%

Fixed
Floating

74%

68%

ShortTerm(**)

LongTerm(*)

(*) Average tenure 9.07 years

(**) Average tenure less than one year

21

As on June 30,

Balance Sheet

(Rs. in Crores)

2016

2015

Growth (%)

72.74

72.70

822 79
822.79

689 44
689.44

19

10798.16

8610.67

25

264.91

215.69

23

61 18
61.18

20 32
20.32

201

12019.78

9608.82

25

11543.53

9329.23

24

Investments

181.25

78.61

131

Current Assets

280.72

187.35

50

14.28

13.63

12019.78

9608.82

25

Sources of Funds
Share Capital
Reserves & Surplus
Borrowings
Current Liabilities & Provisions
Deferred Ta
Tax Liabilit
Liability (Net)

Application of Funds
Loan Assets

Fixed Assets

22

Income Statement
As on June 30,

(Rs. in Crores)
2016

2015

Interest income

338.30

284.93

19

Interest expenses

224.09

190.18

18

Net interest Margin

114.21

94.75

21

Non-Interest Income

11.82

11.81

Non-Interest Expenses

22.66

18.68

21

0.74

0.78

(5)

12 54
12.54

12 08
12.08

0.53

0.17

212

Profit Before Tax

89.56

74.85

20

Provision for Taxation

29.38

24.54

20

Profit After Tax

60.18

50.31

20

Depreciation
Provisions Contingencies and Write Offs
Provisions,
CSR Expenses

23

Growth (%)

Risk Profile
Loan Assets & NPAs
As on June 30,

(Rs. in Crores)

2016

2015

11543.53

9329.23

Provision for Standard Assets (Rs.)

53.90

40.66

Gross NPAs (Rs.)

64.70

48.34

Provision for NPAs (Rs.)

14.46

12.23

Provision for Contingencies

19.45

22.50

Net NPAs (Rs.)

30.80

13.60

Gross NPA as % to Loans

0 56
0.56

0 52
0.52

Net NPA as % to Loans

0.27

0.15

Loan Assets (Rs.)

Ratios

24

Quarterly Financial Results

As on June 30,

(Rs. In Crore)
Q1-CY

Q1-PY

Growth

1. Operating
p
g Income

350.12

296.74

18

2. Total Income

350.12

296.74

18

3. Interest and Other Charges

224.10

190.18

18

23 18
23.18

18 85
18.85

23

0.74

0.78

(5)

12.54

12.08

260.56

221.89

17

8. Profit Before Tax

89.56

74.85

20

9 T
9.
Tax Expenses
E

29 38
29.38

24 54
24.54

20

10. Profit After Tax

60.18

50.31

20

4 Non
4.
Non-interest
interest Expenses
5. Depreciation
6. Provisions, Contingencies & Write Offs
7. Total Expenditure

25

Key Financial Ratios

As on June 30,
2016

2015

2014

Net Interest Margin / ATA (%)

3.91

4.03

4.17

Non Interest Expenses

p
/ ATA ((%))

0 78
0.78

0 80
0.80

0 89
0.89

PBT/ATA (%)

3.07

3.19

3.31

PAT/ATA ((%))

2 06
2.06

2 14
2.14

2 26
2.26

Cost to Income Ratio (%)

18.12

17.71

18.82

ATA = Average Total Assets

26

Key Financial Ratios

As on June 31,

2016

2015

2014

Capital Adequacy Ratio (%)

16.73

15.55

16.77

Tier I

15.10

14.12

15.20

Tier II

1.63

1.43

1.57

27

Productivity Ratios
As on June 30,
2016

2015

2014

A
Average
No.
N off Employees
E l

625

576

535

Average No. of Retail offices

171

154

141

39

35

31

1923

1668

1424

Profit After Tax Per Employee (Rs. In Lakhs)

Total Assets Per Employee ( Rs. in Lakhs)

28

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. 9,156

,
Cr.
Disbursed 1,84,983 cases in rural segment
Presence in 113 Districts of 10 States
Servicing customers in 1,077 Taluka places in 10 States
Disbursed
Di b
d Rs.7,381
R
381 Cr.
C To
T 1,51,508
1 1 08 families
f ili
under
d
G ld
Golden
Jubilee Rural Housing Finance Scheme of Government of India
Cumulative disbursement of Rs. 1,717 Cr. To 34,011 families
under Rural Housing Fund

29

Thank You

30