Beleaguered DHFL posts Rs 2,122-crore net loss in September quarter

The company reported revenue from operations to the tune of Rs 2,204.81 crore for Q2FY21

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.