InvestorQ : Is it true that DHFL has announced turnaround to profit in Mar-21 quarter?
vidhya Laxmi made post

Is it true that DHFL has announced turnaround to profit in Mar-21 quarter?

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Rashi Mehra answered.
1 week ago
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I am not sure if you can call it a turnaround considering the damage they have already caused but you are right that DHFL reported net profits of Rs.96.75 crore for Q4-FY21. This is against net loss of Rs.-7,507 crore in Q4-FY20. For FY21, it posted net loss of Rs.15,051 crore on revenues of Rs.8,803 crore. Despite the COC closing out the bid with Piramal Enterprises, the NCLT had stirred a controversy by asking the COC to take a re-look at Wadhawan’s bid.

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