DHFL’s net loss jumps more than three-fold to Rs 7,507 cr for Q4FY20; Rs 13,455 cr for entire FY20

New Delhi: DHFL’s consolidated net loss jumped more than three-fold to Rs 7,507 crore for the fourth quarter of the fiscal 2019-20 as compared to Rs 2,150 crore in the corresponding quarter of the previous fiscal.

The company’s consolidated revenue from operations (interest income) dropped 17 percent to Rs 2,393 crore for the fourth quarter of the fiscal 2019-20 as against Rs 2,885 crore in the corresponding quarter of the previous fiscal.

The consolidated company’s net loss jumped multi-fold to Rs 13,455 crore for the entire fiscal 2019-20 as compared to Rs 965 crore in the previous fiscal. 

The company’s consolidated revenue from operations (interest income) declined 25 percent to Rs 9,232 crore for the entire fiscal 2019-20 as against Rs 12,307 crore in the previous fiscal.

The consolidated total expenses of the company increased to Rs 12,330 crore in the fourth quarter of the 2019-20 fiscal as compared to Rs 5,804 crore in the corresponding quarter of the previous fiscal. The consolidated total expenses of the company increased to Rs 27,641 crore in the 2019-20 fiscal as compared to Rs 14,015 crore in the previous fiscal, the company said in a regulatory filing.

DHFL’s standalone net loss jumped more than three-fold to Rs 7,634 crore for the fourth quarter of the fiscal 2019-20 as compared to Rs 2,223 crore in the corresponding quarter of the previous fiscal.

The company’s consolidated revenue from operations (interest income) declined to Rs 2,393 crore for the fourth quarter of the fiscal 2019-20 as compared to Rs 2,885 crore in the corresponding quarter of the previous fiscal.

The consolidated company’s net loss jumped multi-fold to Rs 13,612 crore for the entire fiscal 2019-20 as compared to Rs 1,036 crore in the previous fiscal. 

The company’s consolidated revenue from operations (interest income) dropped to Rs 9,232 crore for the entire financial year 2019-20 as compared to Rs 12,307 crore in the previous fiscal.

The consolidated total expenses of the company increased to Rs 12,689 crore in the fourth quarter of the 2019-20 fiscal as compared to Rs 5,874 crore in the corresponding quarter of the previous fiscal. The consolidated total expenses of the company increased to Rs 27,591 crore in the 2019-20 fiscal as compared to Rs 14,067 crore in the previous fiscal.

It may be recalled that DHFL has seen several credit ratings downgrades in the last 4-5 quarters. There are minimal or no loan disbursements  by the company anymore.

In November last year, the Reserve Bank of India had superseded the board of DHFL. The housing finance company was also referred to the National Company Law Tribunal (NCLT).

A SFIO (Serious Fraud Investigation Office) probe is undergoing into the financial affairs of the company.

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