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DHFL net loss zooms in March qr on higher provisioning of Rs 3,280 cr

Results are unaudited, to publish audited numbers by July 22

DHFL
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Subrata PandaHamsini Karthik Mumbai
After months of delay, Dewan Housing Finance Corporation (DHFL) on Saturday released its standalone unaudited results for the March 2019 quarter in which the crisis-hit firm reported a net loss of Rs 2,223 crore on account of the additional provisioning of Rs 3,280 crore. In the same quarter in FY18, the housing finance firm had reported a net profit of Rs 134 crore.

For the whole of FY19, the company has posted a net loss of Rs 1,036 crore, as against a profit of Rs 1,240 crore in the previous year. 

The company has, however, posted 22.9 per cent growth