Comments
Backed by higher disbursements, Srei Infrastructure Finance posted a 43 per cent rise in standalone net profit at ₹30 crore for the quarter ended June 30, 2018, compared to ₹21 crore in the same period last year.
Net profit grew by nearly 115 per cent on consolidated basis at ₹140 crore during the period under review.
Consolidated disbursements grew by nearly 35 per cent at ₹5,941 crore, compared to ₹4,406 crore recorded in the corresponding quarter of last year.
Consolidated assets under management stood at ₹49,390 crore (₹39,766 crore).
According to Hemant Kanoria, Chairman and Managing Director, Srei, there has been an overall improvement in the business.
The company’s scrip closed at ₹51.50, up 3.31 per cent on the BSE on Wednesday.
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.