An impairment loss is a recognised reduction in the carrying amount of an asset that is triggered by a decline in its fair value.
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Unknown titleoss of ₹4,899 crore in the fourth quarter of 2019-20, reflecting valuation of the firm’s assets after a fall in crude oil prices. But for the impairment, the company would have booked a profit. <span>An impairment loss is a recognised reduction in the carrying amount of an asset that is triggered by a decline in its fair value. The same reason also led to the company seeing FY20 net profit halving to ₹13,445 crore from ₹26,765 crore. Revenue in the fourth quarter fell to ₹21,456 crore from the ₹26,759 crore. M Summary
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