Sequentially, the company witnessed widening of net loss from Rs 2,122.65 crore in the second quarter ended September 2020.

Buoyed by the positive earnings the stock was up nearly 5% at the end of day’s trade on the BSE.

Some large corporate groups continue to remain stressed, including Essel Group and Coffee Day.

DHFL said the company is undergoing substantial financial stress since the second half of the previous financial year.

The board will meet to look through the potential proposals and decide the way forward.

DHFL is undergoing financial stress since last financial year and has suffered consistent downgrades.

The market endured bouts of volatility throughout the day but there was decent buying in the last two hours of trade.

Sandeep Sabharwal lauded RBI’s decision to cut the repo rate by 25 basis points to 6.25%.

Net interest margin stood at 2.91 per cent at the end of December 2018.

Total revenue of the company increased 33.78 per cent YoY to Rs 3,515.66 crore.

The company saw flat growth in loans sanctioned. Loan sanctions was up 1.63% to Rs 9459.41 crore. While disbursements were up 9.82% to Rs 7...

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Net interest income, or the difference between interest earned and interest expended, grew 30.4% to Rs 971.3 crore as against Rs 745 crore.

"The rise in net profit is reflection of our robust loan disbursement," said DHFL Chairman and Managing Director Kapil Wadhawan said.

DHFL today reported a 25 per cent rise in net profit at Rs 120.3 crore in the first quarter ended June 30.

DHFL said its Net Interest Income for the reporting quarter stood at Rs 86.37 crore, up by 55.06 per cent over the same period last fiscal.