DHFL posts net loss of Rs 2,122 crore in September quarter
The interest income in Q2 increased 3 per cent year-on-year (YoY) to Rs 2,190 crore, total expenses saw a massive decline of 49 per cent YoY to Rs 4,972 crore.
The interest income in Q2 increased 3 per cent year-on-year (YoY) to Rs 2,190 crore, total expenses saw a massive decline of 49 per cent YoY to Rs 4,972 crore.
Its gross revenue also declined by 30.9 per cent to Rs 16,917 crore as compared to Rs 24,493 crore in the previous fiscal year.
In a BSE filing the company said that the income stood at Rs 50.70 crore in the second quarter of this fiscal.
The revenue from operations plunged 73.86 per cent to Rs 1,424.21 crore during the quarter compared to Rs 5,449.06 crore in the corresponding quarter last year.
Its revenue rose by 6 per cent to Rs 11,590 crore in the second quarter as against Rs 10,935 crore in the same period last fiscal.
Company’s turnover slipped 23.7 per cent to Rs 14,104.80 crore largely due to lower gas prices during the quarter.
A Bloomberg poll of 15 analysts had predicted quarterly profit at Rs 3,236.70 crore.
In value terms, gross NPAs or bad loans stood at Rs 56,231.76 crore as against Rs 61,475.60 crore earlier.
Total revenue grew 3.4 per cent to Rs 187.91 crore in the quarter under review from Rs 180.68 crore in July-September 2019 quarter.
Adani reported a consolidated net loss of Rs 10.06 crore during the same period last financial year (FY20).
