New Delhi: Reliance Home Finance Ltd’ net loss more than doubled to Rs 238.37 crore for the fourth quarter of 2019-20 fiscal as compared to Rs 110.20 crore in the same peirod of the previous fiscal. The revenue from operations of the company dropped to less than half at Rs 271.37 crore for the fourth quarter of the last fiscal as compared to Rs 586.18 crore in the same period of the previous fiscal.
For the entire fiscal 2019-20, the net loss of the company stood at a whopping Rs 375.32 crore as compared to a net profit of Rs 67.42 crore in the previous fiscal. The revenue from operations for the entire fiscal 2019-20 dropped by 20 percent to Rs 1,554.37 crore as compred to Rs 1,932.26 crore in the previous fiscal, the company said in a regulatory filing.