DHFL logs Q4 net profit of Rs 96.75 cr
By IANS |
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DHFL. . Image Source: IANS News
Mumbai, June 6 : Dewan Housing Finance Corporation Ltd (DHFL) on Sunday reported a consolidated net profit of Rs 96.75 crore for the January-March quarter.
During the same quarter of FY2019-20, the bankrupt NBFC had posted a consolidated net loss of Rs 7,507.01 crore.
Its total revenue from operations during the fourth quarter of FY21 was Rs 2,034.53 crore.
For the financial year 2020-21, DHFL reported a consolidated net loss of Rs 15,051.17 crore.
In a regulatory filing, the NBFC said: The company has not made any provision for interest on borrowings amounting to Rs 1,91,213 lakh and Rs 7,65,155 lakh for the quarter and year ended on March 31, 2021, respectively, in view of the company s current Corporate Insolvency Resolution Process (CIRP).
Read more about DHFL back in the black, posts Rs 97-crore net profit in March quarter on Business Standard. While its committee of creditors as well as the RBI and the CCI, have given their approval to the resolution plan put forward by the Piramal Group, the plan is awaiting the NCLT
Read more about Tata Steel Mining gets successful resolution applicant for Rohit Ferro-Tech on Business Standard. Tata Steel Mining Limited (TSML) has been declared as the successful resolution applicant by the creditors of Rohit Ferro-Tech Limited, steel major Tata Steel said on Sunday.
In a letter to JIL s Interim Resolution Professional Anuj Jain, the Chairman of Jaiprakash Associates Ltd Manoj Gaur has urged him to consider JAL s settlement offer, which was submitted before the Supreme Court in 2019. Asserting that JIL has more assets than liabilities, Gaur has also claimed that lenders would not be entitled to exercise their rights on loan guarantors if the realty firm is sold at a "throw away price".
Jaypee creditors panel to discuss NBCC offer on Monday The move has been strongly objected to by Suraksha group and warns of legal action
The creditors’ panel of Jaypee Infratech Ltd (JIL) will meet on Monday morning to discuss submissions made by state-owned NBCC, a move that has been strongly objected to by the Suraksha group that also warned of legal recourse in case voting on its offer does not materialise as scheduled.
The sudden meeting of the committee of creditors (CoC) was decided upon after NBCC shot off a strongly-worded letter to the interim resolution professional (IRP) Anuj Jain, questioning his jurisdiction in rejecting the company’s offer for the bankrupt JIL.