Reliance Home Finance Q3 loss widens to Rs 340 cr
Reliance Home Finance, part of the Anil Ambani-promoted Reliance Group, on Friday reported a net loss of Rs 339.55 crore for the third quarter of 2020-21. The company had posted a loss of Rs 73.52 crore in the corresponding period of the previous fiscal year.
By : migrator
Update: 2021-01-22 16:14 GMT
New Delhi
Total income fell to Rs 174.66 crore in the quarter under review from Rs 442.03 crore in the same period of 2019-20, Reliance Home Finance said in a regulatory filing.
Interest income dropped to Rs 170.94 crore from Rs 424.22 crore earlier.
Expenses rose to Rs 688.97 1 crore as against Rs 549.03 crore in Q3 FY20.
Last month, lenders to troubled the mortgage firm extended the inter-creditor agreement (ICA) for another three months.
The company got bids from six suitors as part of the debt resolution process.
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