March 11

Financial Results for the Year ended March 31, 2011

PARTICULARS

Quarter Quarter Year ended

ended
ended
31.3.2011
31.3.2011 31.3.2010 (Audited)

Year ended
31.3.2010
(Audited)

Rupees in Crores
Income from Operations
Profit on Sale of
Investments
Other Income
Total Income

3,640.56 2,846.88

12,493.19

11,128.88

133.57

45.42

359.74

209.40

10.73

7.02

25.14

22.55

3,784.86 2,899.32

12,878.07

11,360.83

2,129.96 1,559.54

7,559.94

7,063.08

Expenditure :

-Interest and Other

Charges
- Staff Expenses

38.37

32.40

175.53

146.65

- Other Expenses

57.35

36.22

256.44

216.91

5.23

5.28

19.20

18.20

Total Expenditure

2,230.91 1,633.44

8,011.11

7,444.84

Profit Before Tax

1,553.95 1,265.88

4,866.96

3,915.99

- Depreciation

Tax Expense

412.00

339.50

1,332.00

1,089.50

1,141.95

926.38

3,534.96

2,826.49

7.76
7.60

6.45
6.26

24.18
23.66

19.76
19.18

Debt Equity Ratio

6.66

6.35

Debt Service Coverage

Ratio

0.17

0.15

Interest Service
Coverage Ratio

0.61

0.64

293.37

287.11

Net Profit After Tax

Earnings per Share (Rs)
- Basic
- Diluted
Debenture Redemption
Reserve

Paid-up Equity Share

Capital
(Face Value Rs 2)
Paid-up Debt Capital

293.37

287.11

Reserves as at March
31

17,023.14

14,910.55

Public Shareholding :
- Number of Shares

146,68,86,690 143,55,51,110

- Percentage of
Shareholding

100

100

Promoters and promoter

group
shareholding
a)Pledged/Encumbered
- Number of Shares

- Percentage of Shares
(to total promoter
holding)

- Percentage of Shares
(to total share capital))
b) Non-Encumbered
- Number of Shares
- Percentage of Shares
(to total promoter
holding)
- Percentage of Shares
(to total share capital)

Consolidated Financial Results

PARTICULARS

Year
Year ended
ended
31.3.2010
31.3.2011 (Audited)
(Audited)
Rs in Crores

Income from Operations

Premium and Other
Insurance business

Operating

Profit on sale of Investments

Income

13,605.52

12,093.06

from 11,647.86

13,095.14

511.70

225.10

Other Income

27.55

38.50

Total Income

25,792.63

25,451.80

Expenditure :

7,876.07
375.99
3,361.85
8,517.95
367.70
48.92

7,288.86
316.57
1,733.73
11,791.00
346.57
91.44

Total Expenditure

20,548.48

21,568.17

Profit Before Tax

5,244.15

3,883.63

Tax Expense

1,539.32

1,254.52

Net Profit (before profit of Associates and adjustment

for minority interest)

3,704.83

2,629.11

908.43

605.74

84.85

(6.13)

4,528.41

3,240.98

Earnings per Share Basic (Rs)

31.00

22.67

Earnings per Share Diluted (Rs)

30.34

22.01

293.37

287.11

20,998.65

17,895.12

Interest and Other Charges

Staff Expenses
Claims paid pertaining to Insurance Business
Other expenses pertaining to Insurance Business
Other Expenses
Depreciation

Net share of profit of Associates (Equity Method)

Less : Share of profit /(loss) of minority shareholder
Profit after Tax attributable to the Corporation

Paid-up Equity Share Capital (Face value Rs 2)

Reserves as at March 31

The disclosure in terms of Accounting Standard 17 on Segment

Reporting notified by the Companies (Accounting Standard) Rules, 2006
Consolidated
PARTICULARS

Year
ended Year
ended
31.3.2011
31.3.2010
(Audited)
(Audited)
Rs in Crores

Segment Revenues
Housing
Life Insurance

13,238.44
11,085.71
686.75
794.71
332.04

11,669.89
12,717.92
424.72
735.50
136.46

General Insurance
Asset Management
Others
Total Segment Revenues

26,137.65
26.18
(371.20)

25,684.49
48.50
(281.19)

25,792.63

25,451.80

4,992.54
(99.00)
(36.43)
576.67
205.72

4,010.41
(275.19)
(94.46)
458.17
64.12

5,639.50
(118.85)
(276.50)

4,163.05
(27.82)
(251.60)

Profit before Tax

5,244.15

3,883.63

Capital Employed

17,036.46
485.54
323.38
635.15
314.61

14,673.12
357.55
181.43
561.10
127.95

Total Segment Capital Employed

Unallocated
Inter-segment Adjustments

18,795.14
1,005.82
1,491.06

15,901.15
1,142.33
1,138.75

Total Capital Employed

21,292.02

18,182.23

Add : Unallocated Revenues

Less : Inter-segment Adjustments
Total Revenues
Segment Results
Housing
Life Insurance
General Insurance
Asset Management
Others
Total Segment Results
Less : Unallocated
Less : Inter-segment Adjustments

Housing
Life Insurance
General Insurance
Asset Management
Others

a) Asset Management segment includes portfolio management, mutual fund

and property investment management.
b) Others include project management, investment consultancy and property
related services.

Notes:
1. Statement of Assets and Liabilities (Audited) :
Rs. in Crores
As At
PARTICULARS

31.3.2011

31.3.2010

31.3.2011

Standalone

31.3.2010

Consolidated

FUNDS
EMPLOYED
SHAREHOLDERS
FUNDS
293.37
17,023.14

287.11
14,910.55

293.37
20,998.65

287.11
17,895.12

17,316.51

15,197.66

21,292.02

18,182.23

POLICY
LIABILITIES
(Policyholders
Funds)

26,092.16

19,564.46

LOAN FUNDS

1,15,410.49

96,565.31 1,18,359.87

98,463.33

Share Capital
Reserves
Surplus

and

MINORITY
INTEREST

650.49

523.08

1,32,727.00 1,11,762.97 1,66,394.54 1,36,733.10

APPLICATION OF
FUNDS
LOANS
INVESTMENTS

1,17,126.62

97,966.99 1,20,517.56 1,00,485.19

11,832.39

10,727.45

40,964.97

32,743.06

DEFERRED TAX
ASSET (Net)

448.14

285.73

472.50

314.49

CURRENT
ASSETS, LOANS
AND
ADVANCES

9,861.02

7,439.15

13,262.46

9,770.51

Less : CURRENT
LIABILITIES AND
PROVISIONS

6,775.12

4,878.47

9,901.80

7,192.69

3,085.90

2,560.68

3,360.66

2,577.82

547.55
313.60

524.46
302.34

1,393.84
763.81

1,130.33
688.02

FIXED ASSETS :
Gross Block

Less :
Depreciation
233.95

222.12

630.03

442.31

GOODWILL ON
CONSOLIDATION

279.43

170.23

DEFICIT IN THE
REVENUE
ACCOUNT
(Policyholders
Account)

169.39

1,32,727.00 1,11,762.97 1,66,394.54 1,36,733.10

2.
3. The Directors have recommended a dividend of Rs. 9 per Share.
4. Approvals during the year ended March 31, 2011 aggregated to
Rs.75,185 crores as compared to Rs.60,611 crores during the
corresponding period in the previous year - representing an increase of
24%. Disbursements during this period amounted to Rs.60,314 crores
as compared to Rs.50,413 crores during the corresponding period in the
previous year - representing an increase of 20%.
5. The Corporations main business is financing by way of loans. As such,
there are no separate reportable segments, for the Corporation, as per
the Accounting Standard on Segment Reporting (AS 17), notified by the
Companies (Accounting Standards) Rules, 2006.
6. During the quarter ended March 31, 2011, the Corporation has allotted
25,22,850 equity shares of Rs.2 each pursuant to exercise of stock
options by certain employees / directors.
7. There was no investor complaint that was unresolved as on January 1,
2011. During the quarter, the Corporation received 3 (three) investor
complaints, all of which were resolved and as such there was no
unresolved investor complaint as at the end of the quarter.
8. Figures for the previous period have been regrouped wherever
necessary, in order to make them comparable.
The above results were reviewed and recommended by the Audit
Committee of Directors and subsequently approved by the Board of
Directors at the meeting held on May 10, 2011.
Deepak S Parekh
Chairman