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Improved performance of group companies along with higher profitability in the financial services business saw Srei Infrastructure Finance report a 200 per cent jump in consolidated net profit in the fourth quarter of 2016-17 (FY17).
Consolidated net profit for Q4 FY17 stood at ₹63 crore (₹21 crore in the year-ago period). During the quarter under review, income from operations jumped over 62 per cent to ₹1,306 crore (₹805 crore).
For the full year (FY17), consolidated net profit rose 233 per cent to ₹243 crore.
According to Hemant Kanoria, Chairman and Managing Director, Srei Infra, the increased bottomline was primarily on account of its financial services business, high income from operations and efficient management of costs.
Standalone resultsOn standalone basis,Srei Infra reported a 50 per cent jump in Q4 net profit to ₹21 crore. Income from operations jumped 38 per cent to ₹645 crore.
For the full fiscal, profit after tax grew 68 per cent to ₹96 crore.
The board declared a dividend of ₹0.50 (5 per cent) on each equity share of face value ₹10.
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