6 May 2019 4QFY19 PAT increased 17% YoY to INR5.7b (3% beat), driven by better-than- expected margins and lower credit costs, despite a sharp rise in NPAs (+30% QoQ). Share of builder loan portfolio increased to 6.7% v/s 6.2% a quarter ago and 4.9% a year ago. Management guided for continued growth in the builder loan segment in FY20, as it remains a focus area for the company This resulted in 15% QoQ NII growth v/s 6% loan growth. In absolute terms, GNPA increased 30% QoQ (INR6.8b) to INR29.7b, while individual GNPA increased 30%+ QoQ (INR4.7b) to INR20.7b. Builder loan GNPA in % terms increased to 6.9% v/s 6.1% a quarter ago, while absolute GNPA increased to INR9b v/s INR7b a quarter ago.