DHFL Q4 pre-tax loss rises to Rs 10,296.91 crore on fair value changes

Firm has seen huge drop in loan assets, with housing and other loans at the end of Q4 at Rs 66,202.68 cr from Rs 97,978.12 cr a year ago

Mortgage lender Dewan Housing Finance (DHFL) reported a pre-tax loss of Rs 10,296.91 crore in the fourth quarter of the last financial year (Q4FY20), as against a pre-tax loss of Rs 2,907.56 crore in Q4FY19. This was on account of a Rs 12,403.27-crore net loss on fair value changes. The lender reported a net loss of Rs 7,634.89 crore in Q4FY20, compared to a net loss of Rs 2,223.41 crore in Q4FY19.

By opting for a lower tax regime, the mortgage lender netted a sum of Rs 4,609.85 crore on account of deferred tax for FY20. It witnessed a serious