Comments
Srei Infrastructure Finance Ltd reported a 30 per cent jump in consolidated net profit to ₹111 crore for the quarter ending September 30, 2018. The profit after tax (PAT) for the corresponding period last fiscal stood at ₹86 crore.
The consolidated results include results for Srei Infra and its wholly-owned subsidiary, Srei Equipment Finance Ltd (SEFL).
Revenue from operations stood at ₹1666 crore , for Q2FY19.
The standalone PAT stood at ₹29 crore for the period under review, a 7 per cent rise over the ₹27 crore it reported in the year-ago-period.
The standalone revenue from operations stood at ₹444 crore. Its assets under management stood at ₹50,893 crore, while disbursements stood at ₹5822 crore
According to a company spokesperson, SEFL has repaid ₹2,255 crore to mutual funds and others towards commercial paper since September 21. Of this, ₹400 crore was pre-payment. As on date, there are no commercial papers outstanding from mutual funds.
New CEO
The company, is a notification to the stock exchange said that it has appointed Rakesh Kumar Bhutoria as the Chief Executive Officer of Srei Infra.
Prior to joining Srei, Bhutoria was the Head of Commercial Banking and Strategic Initiatives and member of Steering Committee at IDFC Bank.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.