Debt Equity Ratio

   10.89.83

Debt Service Coverage Ratio (DSCR) (*)

   0.350.26

GIC HOUSING FINANCE LTD.
CIN NO. L65922MH1989PLC054583
Regd. Office : 6th Floor, National Insurance Bldg., 14,Jamshedji Tata Road, Churchgate, Mumbai – 400 020.
Statement of Standalone Unaudited Financial Results for the Quarter/Nine months ended March 31, 2018
(` in Lacs)
Particulars Quarter ended Year ended
31.03.2018 31.12.2017 31.03.2017 31.03.2018 31.03.2017
(Reviewed) (Reviewed) (Reviewed) (Reviewed) (Reviewed)
Income
Revenue from Operations 29,620 28,118  26,602 1,12,637 1,00,021
Other Operating Income 80 31 61 203 153
(Including Investment Income)
Total Income 29,700 28,149 26,663 1,12,840 1,00,174
Expenditure
Finance Cost 18,678 18,224 16,626 71,276 66,784
Employee Benefits Expenses 812  722 591 2,900 2,595
Depreciation & Amortisation 17 17 21 64 70
Other Expenses 2,067 2,739 2,284 11,417 8,051
Total Expenditure 21,574 21,702 19,522 85,657 77,464
Profit from Operations before Other Income 8,126 6,447 7,141 27,183 22,710
& Exceptional Items
Other Income & Exceptional Items - - - - -
Profit from ordinary activities before Tax 8,126 6,447 7,141 27,183 22,710
Provision for Tax 2,270 2,300 2,315 9,450 7,635
Deferred Tax (Asset)/Liability (131) (72) 165 (710) 302
Net Profit after Tax 5,987 4,219 4,661 18,443 14,773
Paid up Equity Share Capital (Face value `10) 5,385 5,385 5,385 5,385 5,385
Reserves as at March 31  93,639  78,437
Earning Per Share (EPS)
a) Basic and Diluted Earning Per Share before
Extraordinary items for the period.(`) 11.12 7.83 8.66 34.25 27.43
b) Basic and Diluted Earning Per Share after
Extraordinary items for the period.(`) 11.12 7.83 8.66 34.25 27.43
Debt Equity Ratio 10.8 9.83
Debt Service Coverage Ratio (DSCR) (*) 0.35 0.26
Interest Service Coverage Ratio (ISCR) (**) 1.47 1.39
(*) DSCR = Profit before Interest, Tax, Depreciation and NPA Provision + Principal
repayment of housing loan assets /
(Interest+Principal repayment of borrowings) (**) ISCR = Profit before Interest,
Tax, Depreciation and NPA Provision / Interest Expenses;
 Net Worth 99,024 83,822

 

Notes :
 1.  STATEMENT OF ASSETS AND LIABILITIES  (AUDITED)

(` in Lacs)

Particulars

 As at
31.03.2018
(Audited)

 As at
31.03.2017 
(Audited)

 A. EQUITY AND LIABILITIES :
 1. SHAREHOLDERS’ FUNDS :
 (a) Share Capital 5,388 5,388
 (b) Reserves and Surplus   93,636 78,434
 Sub-total – Shareholders’ Funds  99,024  83,822
2. NON CURRENT LIABILITIES :
 (a) Long-term Borrowings  7,65,122  6,48,161
 (b) Deferred Tax Liabilities (Net) 2,580  3,290
 (c) Long-term Provisions 31,152  25,157
Sub-total – Non Current Liabilities 7,98,854 6,76,608

3. CURRENT LIABILITIES :

 (a) Short-term Borrowings

89,286 89,738

(b) Trade Payables

619 577

(c) Other Current Liabilities

1,47,089 88,761

 (d) Short-term Provisions

596 943
Sub-total – Current Liabilities 2,37,590 1,80,019
TOTAL – EQUITY AND LIABILITIES 11,35,468 9,40,449
B. ASSETS :
1. NON CURRENT ASSETS :
(a) Property,Plant & Equipment 207 230
(b) Non-current Investments  2,647 2,647
(c) Long-term Loans and Advances 1,769 2,034
Sub-total – Non Current Assets 4,623 4,991
2. LOANS :
(a) Non-current 10,75,186 8,88,533
(b) Current 48,320 39,156
Sub-total – Loans 11,23,506 9,27,989
3. CURRENT ASSETS :
2. LOANS :
(a) Trade Receivables 1,269 1,327
(b) Cash and Bank Balances 5,735 6,211
(c) Short-term Loans and Advances  335  311
Sub-total – Current Assets 7,339 7,849
Total Assets 11,35,468 9,40,449

 

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