Comments
Srei Infrastructure Finance posted a near 23 per cent drop in net profit to ₹91 crore for the quarter ended December 31, 2018, against ₹119 crore in the corresponding quarter of the previous year.
Total consolidated income stood at ₹1,611 crore (₹1,538 crore).
The consolidated disbursements dropped by nearly 34 per cent to ₹3,800 crore (₹5,731 crore). Consolidated assets under management (AUM) stood at ₹49,913 crore (₹44,865 crore).
According to Hemant Kanoria, CMD, Srei, the company had intentionally slowed down disbursements during the third quarter in view of the environment and focussed on maintaining a comfortable liquidity position.
“Our ability to manage risks efficiently has led to healthy asset quality. Our liquidity position is comfortable with a focus on steady growth on our return on equity and profitability,” he said in a press statement.
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.