Srei Infrastructure Finance Ltd reported a 113 per cent increase in consolidated net profit to around Rs 47 crore for the quarter ending December 2012. Consolidated net profit during the comparable quarter last fiscal stood at Rs 22 crore.

During the quarter net income from operations stood at around Rs 771 crore. The bottomline saw a major boost of around Rs 8 crore with an adjustment on account of disposal of its step-down subsidiary, Quippo Prakash Marine Holdings Pte.

Provisioning for bad and doubtful debts for the quarter increased to nearly Rs 5 crore (Rs 1 crore).

According to a release issued by Srei, the consolidated asset under management during the period stood at Rs 33,580 crore (Rs 29,109 crore) while consolidated disbursement stood at Rs 2,560 crore (Rs 3,938 crore).

Srei stock on Thursday closed at Rs 36.10, down by nearly 3 per cent on the BSE.

(This article was published on February 14, 2013)
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