Thursday, 20 October 2011

SREI INFRASTRUCTURE FINANCE LI (SREI)


Kolkata, October 20, 2011: Srei Infrastructure Finance Limited has recorded a 65% rise in its consolidated total income and 31% growth in its consolidated disbursement during the quarter ended September, 2011 to `
588 crore and ` 4,401 crore respectively as compared to same quarter performance last fiscal. At the end of September, 2011 the total consolidated asset under management increased to ` 26,001 crore from ` 14,944 crore at the end of September, 2010, registering a growth of 74%.
The consolidated total income for the quarter ended September 30, 2011 was ` 588 crore as compared to `
356 crore in the corresponding period of the previous fiscal year, recording a growth of 65%. Consolidated disbursement during the quarter was ` 4,401 crore as compared to ` 3,355 crore in the corresponding period last fiscal, a growth of 31%. The consolidated profit before tax for the quarter stood at ` 49.53 crore compared to ` 111.95 crore, during the same period last fiscal. The fall in profit before tax was mainly due to the notional foreign exchange loss of ` 38.95 crore during the quarter ended September 2011 as the Indian Rupee depreciated significantly against US Dollar. The consolidated profit before tax before considering the notional foreign exchange gain/ loss was ` 88.48 crore during the quarter ended September 2011 as compared to `
91.78 crore in the corresponding quarter last fiscal. The operating profit during quarter ended September 2011 was ` 112.67 crore compared to ` 130.11 crore during the same period last fiscal.
The consolidated total income for the half year ended September 30, 2011 was ` 1,098 crore as compared to
` 680 crore in the corresponding period of the previous fiscal year, recording a growth of 62%. Consolidated disbursement during the first half year this fiscal was ` 9,550 crore as compared to ` 6,598 crore in the corresponding period last fiscal, a growth of 45%. The consolidated profit before tax for the first half year this fiscal stood at ` 139.17 crore compared to ` 186.56 crore, during the same period last fiscal.

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