Highlights:

. The loan book of the company surged 30% Rs 74023 crore, while overall AUM jumped 36% to Rs 84722 crore end March 2019 over March 2018. The disbursements declined 2% to Rs 8562 crore in the quarter ended March 2019.

. The net interest margin was healthy at 3.18% in the quarter ended March 2019, compared with 3.06% in the previous quarter.

. Gross NPA ratio was stable on sequential basis at 0.48% and Net NPA ratio at 0.38% at end March 2019.

. On liabilities front, the company focused mainly on long term borrowing to improve ALM. The company raised liquidity of Rs 30858 crore in FY2019, of which 55% were mobilized in H2FY2019 through bank term loans, NHB refinance, ECB and deposits. The NHB sanctioned Rs 3500 crore in Q3FY2019, which has been fully drawn in Q4FY2019.

. On the Deposits side, the company continues to be the second largest deposit taking HFC in the country. The deposits with the company have increased 24% to Rs 14315 crore at end March 2019. The company has over 1.5 lakh deposit accounts.

. The company has maintained healthy cash and liquid investment on balance sheet at Rs 7000 crore, while the undrawn sanctions stands at Rs 2000 crore.

. The company has exhibited an improvement in spreads driven by higher yields and decline in cost of borrowings, while the company is confident of maintaining net spreads at more than 200 bps. An incremental cost of borrowings stood at 8.28%. The cost of borrowing for the company has decline driven by NHB refinance.

. As per the company, five corporate accounts that are stressed have exposure of Rs 600 crore and are spread in MMR, NCR, Hyderabad and Bangalore. It has security cover of 2-2.5x.

. The exposure to Supertech stood at Rs 220 crore as corporate term loan and Rs 272 crore as construction finance. The exposure to Lodha is Rs 1200 crore.

. The corporate segment accounted for 21% of AUM, of which 13% is construction finance, 4% is LRD and 4% is corporate term loans. The 30 days overdues of the company have declined to 1.7% from 2.57% a year ago. The GNPA ratio stood at 0.17% end March 2019.

. The company has recorded recoveries of Rs 113 crore from 3 accounts in FY2019 with write-off of Rs 3.14 crore.

. The loans under subvention scheme stood at Rs 600 crore, which is 0.07% of AUM.