gruh finance limited loans (rs. in crores) as at march 31, 2017 as at march 31, 2016 amount % amount...
TRANSCRIPT
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
4
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”
6
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
13
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 (%)
15
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 (%)
16
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
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
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%
18
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
19 19
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
21
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
22
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
23
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
24
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
25
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
26
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
27
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
29
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
30
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
31
Thank You