 "Beleaguered DHFL posts Rs 2,122-crore net loss in September quarter")
The beleaguered Dewan Housing Finance Limited (DHFL), which is currently under the corporate insolvency resolution process (CIRP), has reported a net loss of Rs 2,122.65 crore for the quarter ended September, 2020 (Q2FY21). DHFL had reported a net loss of Rs 6,750.35 crore for the same period last financial year.
However, in the preceding quarter (Q1FY21), it had reported a net profit of Rs 70 crore. Total income in the July–September quarter of FY21 of the mortgage lender went up 4.33 per cent year-on-year (YoY) to Rs 2,205.90 crore, compared to Rs 2,114.17 crore in the previous financial year.
However, in the preceding quarter (Q1FY21), it had reported a net profit of Rs 70 crore. Total income in the July–September quarter of FY21 of the mortgage lender went up 4.33 per cent year-on-year (YoY) to Rs 2,205.90 crore, compared to Rs 2,114.17 crore in the previous financial year.
