Business

DHFL’s net loss widens to ₹6,705 crore

Representational image. File

Representational image. File   | Photo Credit: REUTERS

Troubled mortgage lender Dewan Housing Finance Corporation reported a net loss of ₹6,705 crore for the July-September quarter.

Troubled mortgage lender Dewan Housing Finance Corporation reported a net loss of ₹6,705 crore for the July-September quarter, as compared to ₹206 crore loss in the previous quarter.

The lender reported a net profit of ₹439 crore during the second quarter of the previous financial year.

“The administrator, advisors and present KMPs [key managerial personnel] take no responsibility with respect to the accuracy, validity, completeness or authenticity of the information and figures mentioned in the unaudited financial results as they belong to a period prior to the date of their joining the company,” the company said.

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Printable version | Jul 5, 2020 7:16:11 AM | https://www.thehindu.com/business/dhfls-net-loss-widens-to-6705-crore/article30636886.ece

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