Dismal disbursements and higher provisions eating into earnings of beleaguered company
The stock of Dewan Housing Finance Ltd (DHFL), which has been in the eye of the NBFC/HFC storm over the past several months, took a sharp knock of nearly 30 per cent on Monday, post its March quarter results release (after months of delay). Aside from the company’s dismal performance — loss of ₹2,223 crore in the March quarter — the commentary by the management in the notes to account also spooked the market.................................BL