Categories AlphaGraphs, Finance

Reliance Home Finance Ltd Q1FY24; 100% fall in Revenue

RHFL was incorporated in 2009 as part of Reliance Capital group. It is registered as a housing finance company with National Housing Bank and is engaged in mortgage-based lending operations like home loan, affordable housing, LAP, construction finance. It also provides property solution services along with finance. The company has 26900 live loan accounts on Mar 20.

Financial Results:

Reliance Home Finance Ltd reported Revenues for Q1FY24 of ₹0.12 Crores down from ₹93.63 Crore year on year, a fall of 99.87%.

Total Expenses for Q1FY24 of -₹6.05 Crores down from ₹297.04 Crores.

Consolidated Net Profit of ₹6.43 Crores from -₹139.86 Crores in the same quarter of the previous year.

The Earnings per Share is ₹0.13, from -₹2.88 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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