| Gruh Finance, a subsidiary of HDFC, has recorded net profit of 30 per cent to Rs 21.68 crore for the year ended March 2006 as compared with Rs 16.71 crore in the previous year. |
| The board of directors recommend payment of dividend of Rs 2.50 per share for the year as against Rs 2.10 per share the previous year. |
| Dividend and distribution tax on dividend on equity shares have absorbed Rs 6.63 crore and Rs 93 lakh respectively of the net profit. The balance Rs 17.09 crore, which was Rs 12.68 crore previous year, is being transferred to reserves. |
| The loan portfolio as on March 31, 2006 amounted to Rs 1,069.13 crore with an increase of 31 per cent as against Rs 816.53 crore in the previous year. |
| Loan disbursements during the year were Rs 360.17 crore as against Rs 299.83 crore last year, representing growth of 20.12 per cent. Cumulative loan disbursements as on March 31, 2006 were Rs 2,012.82 crore. |
| The rise in interest rates in the market has affected borrowing cost and thereby affected the net interest margin. The ratio of net interest margin to average total assets at the end of the year was 3.50 per cent as against net interest margin of 3.70 per cent last year. |
| The gross NPA as on March 31, 2006 has reduced by 1.48 per cent to Rs 15.86 crore, out of total loan outstanding portfolio of Rs 1,069.13 crore. |
| Gruh has continued the practice of building up sufficient provisions for contingencies and has set aside Rs 3.25 crore from the current year's revenues. |
| The company is required to carry a provision of Rs 3.13 crore, as per the guideline of NHB. However, Gruh carries a provision of Rs 13.36 crore. The ratio of net NPA to loans stands at 0.23 per cent at the end of March 2006. |
| Capital adequacy ratio (CAR) for the company stands at 14.27 per cent as on March 31, 2006 as against the minimum required CAR of 12 per cent stipulated by NHB. |
| The company has opened 14 new offices during the year taking the total network of retail offices to 65 across five states of the western region of the country. Gruh has 32 offices in Gujarat, 24 offices in Maharashtra, 5 offices in Karnataka and two offices each in Madhya Pradesh and Rajasthan. |
| Tata Metaliks net up 37.37% |
| Tata Metaliks posted 37.37 per cent increase in net profit at Rs 12.13 crore for the quarter ended March 2006 as compared with Rs 8.83 crore for the corresponding quarter last year. |
| Net sales was 96.23 per cent higher at Rs 140.27 crore for the same quarter as compared with Rs 71.48 crore for the corresponding quarter. |
| The company's net profit declined 28.28 per cent to Rs 45.91 crore for the year ended March 2006 as compared with Rs 64 crore for the year ended March 2005. Net sales was 56 per cent higher at Rs 441.58 crore as compared with Rs 282.95 crore last year. The company registered an earning per share at Rs 18.16. |
| 3i Info net up 13.6% |
| IT solutions and services provider 3i Infotech has posted net profit of Rs 57.7 crore for the financial year ended March 2006, an increase of 13.6 per cent, on total revenues of Rs 424 crore, an increase of 45 per cent. |
| The company's earnings per share rose to Rs 9.51 from Rs 6.59 in the previous year, an increase of 44 per cent. The company's board also recommended a dividend of Rs 2 per share (20 per cent on par value of Rs 10 per share) for the financial year ended March 2006. |
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