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Srei Q1 net more than doubles to Rs 51 crore

Press Trust of India / Kolkata 06 Aug 16 | 07:42 PM

Srei Infrastructure Finance Ltd's consolidated net profit more than doubled to Rs 51.57 crore during the June quarter.

It had posted a consolidated net profit of Rs 23.32 crore during the same quarter a year-ago.

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Total consolidated income for during the quarter Rs 1,114.13 crore as against Rs 798.51 crore in the year ago period.

Consolidated assets under management (AUM) stood at Rs 35,478 crore as on June 30.

"The consolidation of 100% shareholding in Srei Equipment Finance Limited has led to substantial jump in our shareholder value," Srei Chairman and Managing Director Hemant Kanoria said.

"We are well positioned to leverage growth opportunities in coming quarters. We will continue to unlock value creation opportunities in our strategic investment portfolio, while bringing cost discipline, NPA recovery and operational excellence to our businesses," he said.

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