1. Analysis of Profit After Tax:

For the Year ended March 31, 2009:

Rs in Crores

- Profit After Tax - As Reported : 2282.54
- Less: Profit on sale of Investments - Net of Tax - 23.71
- Less: Exception Items - net of Tax - Nil
- Profit Before Exceptional Items & Sale of Investments - 2258.83

2. The Directors have recommended a dividend of Rs 30 per Share.

3. Other Operating Income for the year ended March 31, 2009 includes Dividend Income of Rs 195.66 crores (Previous Year Rs 68.64 crores) and Surplus on deployment of funds in Cash Management Schemes of Mutual Funds of Rs 157.97 crores (Previous Year Rs 111.78 crores).

4. Approvals during the year ended March 31, 2009 aggregated to Rs 49,166 crores as compared to Rs 42,520 crores during the corresponding period in the previous year - representing an increase of 16%. Disbursements during this period amounted to Rs 39,650 crores as compared to Rs 32,875 crores during the corresponding period in the previous year - representing an increase of 21%.

5. The standalone Corporation’s main business is to provide loans for the purchase or construction of residential houses. All other activities of the Corporation revolve around the main business. 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, 2009, the Corporation has allotted 5,544 equity shares of Rs 10 each pursuant to exercise of stock options by certain employees.

7. 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 04, 2009.

Deepak S Parekh
Chairman