Highlights:

. The company has set new milestones in FY2019 right from successful listing of the company, long term rating upgrade by CARE to AA- Stable outlook from A+ Positive outlook and delivering a consistent performance even in this challenging environment.

. The company has further strengthened its market reach with the opening of 45 new branches this fiscal year.

. With recent government policy initiatives to make housing affordable, the company sees significant opportunities driven by demand from low and middle income and self-employed customers and a significant financing gap in this segment.

. With robust system and well-defined processes, the company is confident to make a deeper footprint into the housing finance space and grow customer base.

. The company aims to scale up business operations by consistent growth through distribution and additional number of customers while maintaining asset quality, GNPA sub 1% and 1 DPD less than 5% and with consistent return on assets of 2.5% and above.

. The disbursements of the company increased 30% to Rs 2672 crore in FY2019.

. Profitability grew 89% to Rs 176.1 crore for FY2019 as per Ind-AS accounting.

. On the credit rating side, the company's long-term rating has been upgraded by CARE from A+ Positive outlook to AA- Stable outlook. The company continues to be rated A+ for its long-term rating from CRISIL and ICRA and A1+ for short-term credit from ICRA and CARE.

. On the NPA side, the company has established a robust underwriting process and a strong collection mechanism leading to better asset quality with gross NPA number of 0.47% at the end of the year.

. The company has a strong capital base of Rs 1837 crore end March 2019. The capital adequacy for Tier 1 capital is around 65.4% and Tier II capital is 3.1%.

. The housing finance sector is vulnerable to various types of risks and it is imperative that the institutions in this sector insulate themselves from these. The company has built a robust risk management framework to take care of business risk, credit risk, liquidity risk and reputation risk.

. The rapidly increasing customer base stands testimony to the fact that it is steadily gaining reputation, as the customers preferred housing finance partner.

. The company has access to diversified and cost-effective long-term financing with relationship to 37 lenders. About 89% of the borrowings are from long-term loans from the banks, assignments and NHB refinancing and only 11% borrowings are from the debt capital markets. The company has no borrowings by the way of commercial papers.

. The company has been operating at healthy and consistent margins with spreads maintained at 5% and above over the years.

. Opex cost is little bit higher due to increased investment in technology, management team built up, branch expansion in last few years, but has come down in the recent quarters.

. Better & higher utilization of the manpower, increased business from the newer branches, continuous usage of technology and data analytics will support our growth in the coming years while improving the operating efficiencies and driving the returns.

. The company has presence in 122 districts across 10 states with 210 branches. The company has opened 45 new branches in last 12 months.

. Assets under management increased 46% to Rs 5942 crore end March 2019, a growth rate of 46% year-on-year.

. Segment wise breakup - home loan is 75.5% and other mortgage loan 24.5%.

. Customer wise breakup- salaried is 35.1% and the self-employed 64.9%.

. Disbursement increased by 30% to Rs 2672 crore for FY2019, of which home loan is 72.3% and other mortgage loan 27.7%.

. NIM including fee and other income for FY2019 full year stands at 9.32%.

. The average cost of borrowing stood at 8.74% while average yield was 13.75% end March 2019. The company has been able to maintain spread above 5% as on March 2019 in this difficult environment.

. The one day past due stood at 3.4% end March 2019 and aims to maintain it below 5%.

. Gross NPA stood at 0.47% and the company aims to maintain it at below 1%.

. Segment wise NPA, home loan was 0.53% end March 2019 and 0.58% end March 2018. Other mortgage loan was 0.27% for March 2019 as against 0.11% for March 2018.

. The company has maintained ROA above 3% level to 3.64% end March 2019 and aims to maintain it at 2.5% and above.

. The company expects to improve RoE going ahead with a consistent growth in disbursement and AUM, and operating leverage playing out.

. The company would maintain loan ticket size below Rs 10 lakh, while it also want to maintain steady AUM mix. Mortgage loans average ticket size is around Rs 7 lakhs.

. Housing loan incremental yield is 12.6% and mortgage loan incremental yield is 15.3%.

. The fixed rate lending is around 44% and floating rate is 56%.

. The company does not have plans to consider new product and wants to be in underserved unreached market, sub-10 lakh ticket size, 99% retail book, 75% home loans and 25% mortgage loan. Also state-wise, in next one or two years it want to be in same states though branches will increase.

. The average borrowing rate from NHB is 7.5% on borrowing of Rs 900 crore.

. The company proposes to maintain assignment book at 20% of total borrowings.

. The company has made assignment income of Rs 39 crore in FY2018, which has increased to Rs 41 crore in FY2019.

. The employee base of the company stood at 2384 employees end March 2019.