UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 31st December, 2006

(Rs. in Lacs)
Particulars Quarter Ended Nine Month ended Year ended (Audited)
31.12.2006 31.12.2005 31.12.2006 31.12.2005 31.03.2006
             
1. Interest from Operations 8862.10 5853.01 22986.33 15936.23 22638.08
2. Other Income 40.92 35.21 63.03 55.84 41.82
3. TOTAL INCOME 8903.02 5888.22 23049.36 15992.07 22679.89
4. TOTAL EXPENDITURE 7175.24 4721.28 18676.10 12673.97 18032.13
  a) Interest Expenses 6253.41 4074.01 4074.01 10558.21 14817.97
  b) Staff Expenses 269.21 191.06 745.40 633.78 929.03
  c) Other Expenses 652.62 456.21 1913.23 1481.98 2285.12
5. Gross Profit
(before depreciation and taxation)
1727.78 1166.94 4373.27 3318.09 4647.76
6. Depreciation 45.58 43.43 129.62 137.05 148.35
7. Profit before Tax and exceptional items 1682.20 1123.51 4243.65 3181.04 4499.41
8. Exceptional Items / Long term capital gain 0.00 0.00 0.00 0.00 499.44
9. Provision for Taxation 330.00 191.00 755.00 534.00 827.63
10. Profit after Tax and exceptional items 1352.20 932.51 3488.65 2647.04 4171.23
11. Paid up Equity Share Capital 5012.25 5011.61 5012.25 5011.61 5012.25
12. Reserves --- --- --- --- 20144.28
13. * Earning per Share - Basic & Diluted. 2.70 1.57 6.96 5.28 8.32
14. Aggregate of Non-Promoter Shareholding Number of Shares 20813630 20804330 20813630 20804330 20813630
  Percentage of Shareholding 41.53% 41.51% 41.53% 41.51% 41.53%

* Not Annualised / Not Weighted

Notes:

  1. The main business of the Company is to provide loans for the purchase, construction, repairs and renovation of homes / flats / real estate to Individuals,Corporate bodies and Builders and all other activities of the Company are allied to the main business and as such there are no separate segments as per the Accounting Standard on Segment Reporting (AS 17), issued by the Institute of Chartered Accountants of India.
  2. The results for the quarter ended 31st Dec, 2006 have been subjected to a "Limited Review" by the Statutory Auditors of the Company in compliance with the requirement of listing agreement with Stock Exchanges.
  3. Income from Operations for the quarter includes Rs.100.88 lacs (Rs.104.17 lacs) being income from securitisation , Rs. 0.02 lacs (Rs. 1.35 lacs) being interest on household goods loan, Rs. 757.25 lacs (Rs. 564.94 lacs) being interest on loans against real estate rental finance and Rs. 78.72 lacs (Rs. 62.66 lacs) being other interest.
  4. Other Operational Income for the quarter includes Penal charges Rs.42.18 lacs (Rs.37.02 lacs), Prepayment charges Rs. 66.11 lacs (Rs.30.80 lacs), Rent income Rs.38.09 lacs (Rs. Nil), and Commission Rs.10.37 lacs (Rs. Nil) .
  5. Provision for tax includes provision for deferred tax and frienge benefit tax for the Quarter ended 31st Dec, 2006 in accordance with the requirements of Accounting Standard on Taxes on Income(AS22).
  6. Loans disbursed during the nine months period amounted to Rs. 106584 lacs as compared to Rs.85841 lacs during corresponding previous nine months period showing an increase of 24 % .
  7. Figures for the corresponding quarter have been regrouped wherever necessary to make them comparable with the Current Quarter.
  8. There were no unresolved Investor complaints as on 1.10.2006. During the quarter, the Company received Twenty Nine complaints, which all were resolved during the quarter.
  9. The above results have been reviewed and recommended by the Audit Committee of the Board of Directors and subsequently were taken on record and approved by the Board of Directors at their meeting held on 25th January, 2007.

For DEWAN HOUSING FINANCE CORPORATION LTD.

KAPIL WADHAWAN
(VICE CHAIRMAN & MANAGING DIRECTOR)
Place: Mumbai
Date: 25th January, 2007