DHFL posts four-fold soar in Q1 consolidated web revenue at Rs 314 crore



Dewan Housing Finance Company (DHFL) on Friday reported an over four-fold soar in its consolidated web revenue at Rs 314.43 crore for the quarter ended June 2021.


The corporate had posted a web revenue of Rs 70.10 crore in the identical quarter a yr in the past and Rs 96.75 crore within the previous quarter ended March 2021.





The full revenue, nonetheless, fell by 14 per cent to Rs 2,001.36 crore throughout Q1 FY22, as towards Rs 2,328.86 crore in Q1 FY21 as curiosity revenue fell, DHFL mentioned in a regulatory submitting.


Curiosity earned within the June 2021 quarter fell to Rs 1,990.72 crore, as towards Rs 2,315.93 crore earlier.


Alternatively, bills lowered drastically to Rs 1,553.74 crore from Rs 2,236.05 crore.


The Nationwide Firm Regulation Tribunal (Mumbai bench) had in June this yr authorized the decision plan submitted by Piramal Capital & Housing Finance for the debt-ridden DHFL.


Subsequently, the corporate arrange a monitoring committee in July, as per the phrases of the decision plan and the plan approval order.


The committee will supervise implementation of the

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