DHFL's net profit at Rs 70 cr for Q1FY21

New Delhi: Dewan Housing Finance Corporation Ltd’s consolidated net profit stood at Rs 70 crore for the first quarter of the current fiscal as against a net loss of Rs 215 crore in the same quarter of the previous fiscal. 

The company, which is struggling with a number of regulatory issues and is also undergoing insolvency process, saw its consolidated interest income go down only marginally to Rs 2,315 crore for the first quarter of the current fiscal as against a net loss of Rs 2331 crore in the same quarter of the previous fiscal. 

On standalone basis, the net profit of the company stood at Rs 70 crore for the first quarter of the current fiscal as against a net loss of Rs 206 crore in the same quarter of the previous fiscal. The standalone total income went down marginally to Rs 2,328 crore for the first quarter of the current fiscal as against a net loss of Rs 2,399 crore in the same quarter of the previous fiscal, the company said in a regulatory statement.

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