DHFL posts `2,223 cr loss
Housing finance firm DHFL has said the developments in last few quarter threaten its ability to continue as a going concern, as the company posted biggest ever quarterly loss of Rs 2,224 crore for the fourth quarter ended March 31.
New Delhi: Housing finance firm DHFL has said the developments in last few quarter threaten its ability to continue as a going concern, as the company posted biggest ever quarterly loss of Rs 2,224 crore for the fourth quarter ended March 31.
The debt-ridden company had reported a profit of Rs 134.35 crore in the same quarter previous fiscal. "In the backdrop of a significant slowdown in disbursement and loan growth post-September 2018, the financials of the company have been quite strained for the quarter impacting the overall performance of the year," the company said in a late evening regulatory filing on Saturday.
The operating profit was Rs 372 crore for the quarter and Rs 2,378 crore for the whole year.
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