Reliance Home Finance's net loss widens five fold

New Delhi: Anil Ambani led Reliance Home Finance has clocked net loss of Rs 339 crore for third quarter of 2020-21.The firm had posted a net loss of Rs 73 crore in the same period of the previous financial year.

The total income of the company declined to Rs 174 crore for the third quarter from Rs 442 crore in the corresponding quarter of 2019-20, the company said in a regulatory filing.

The interest income fell to Rs 171 crore from Rs 424 crore earlier. The total expenses of the company jumped to Rs 689 crore as compared to Rs 549 crore in the third quarter of FY20.

 

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