DHFL clocks net profit of Rs 97 cr for Q4FY21
New Delhi: Beleaguered Dewan Housing Finance Corporation clocked a consolidated net profit of Rs 97 crore for the last quarter of the last fiscal as compared to a loss of Rs 7,507 crore in the last quarter of the previous fiscal.
The total consolidated revenues of the company declined to Rs 2,061 crore in the last quarter of the last fiscal as against Rs 2,161 crore in same quarter of the previous fiscal.
For the entire fiscal 2020-21, the company suffered a net loss of Rs 15,051 crore as compared to a net loss of Rs 13,456 crore in the previous fiscal, the company said in a regulatory filing. The total income for the last fiscal was down at Rs 8,803 crore as against Rs 9,579 crore in the preceding fiscal year.
DHFL is presently being run by an administrator who has appointed by the Reserve Bank of India in November 2019. This is the first NBFC to be referred to the NCLT by the Reserve Bank of India.