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.
On consolidated basis, the bank's net profit was up over four-times at Rs 4,882 crore in Q2 FY21 against Rs 1,131 crore in Q2 FY20.
The firm's twin refineries earned USD 5.7 per barrel on turning every barrel of crude oil into fuel, as compared to a gross refining margin (GRM) of USD 9.4 per barrel last year.
The lender said that its business was highly impacted in the first quarter due to the lockdown since March 24, 2020 to mitigate the spread of the Covid-19 pandemic.
For Jio Platforms, the net profit increased 20 per cent quarter-on-quarter to Rs 3,020 crore in Q2FY21, from Rs 2,520 crore in the Q1FY21.
The inflows led assets under management (AUM) of gold funds surging to Rs 13,590 crore at the end of September 2020.
