Reliance Home Finance suffers net loss of Rs 161 cr in Q1FY21

New Delhi: Reliance Home Finance Ltd suffered a net loss of Rs 161 crore for the first quarter of the current fiscal as compared to a net profit of Rs 48 crore in the corresponding quarter of the previous fiscal. 

The revenue from operations went down 54 percent to Rs 242 crore for the first quarter of the current fiscal as compared to Rs 525 crore in the corresponding quarter of the previous fiscal.  

The total expenses of the company went up to Rs 489 crore for the first quarter of the current fiscal as compared to Rs 466 crore in the corresponding quarter of the previous fiscal, the company said in a  regulatory filing.

 

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