Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Union Budget
Budget 2011-2012 Home
Industry Expectations - Budget 2011-2012
Industry Reactions - Budget 2011-2012
Budget 2010-2011
Budget 2010-2011 Home
Industry Expectations - Budget 2010-2011
Industry Reactions - Budget 2010-2011
Contributor's Corner
Bonanza Portfolio
Hemant K Gupta
Krish Bhatt
S A A R T H I
Trinity Investments
Exchange Information
BSE 2009 Holidays
NSE 2009 Holidays
Investor Guide
Depository & Dematerialisation
Grievance Redressal
Investor Guide
SEBI
Trading of Securities
Transfer of Securities
Your Rights
Budget 2009-2010
Budget 2009-2010 Home
Industry Expectations - Budget 2009-2010
Industry Reactions - Budget 2009-2010
Interim Budget 2009-2010 Home
Industry Expectations - Interim Budget 2009
Budget 2008-2009
Railway Budget 2008-2009
Industry Expectations - Budget 2008
Union Budget 2008-2009
Highlights of Budget 2008-2009
Summary of Budget 2008-2009
Industry Reactions - Budget 2008
IPOs
Current IPOs
Past IPOs
IPO Subscription
Mutual Funds
Gold Exchange Traded Fund
MF Unique Holding
Forthcoming Dividends
ELSS Schemes Comparison
Tax Plans
New Fund Offers
Research
Arbitrages
Equity
Market Whispers
Tax Planning
Home
Equity Linked Savings Scheme
Post Office MIS
9% GOI Senior Citizens Savings Scheme
8% Savings (Taxable) Bonds
Kisan Vikas Patra
National Savings Certificate
Public Provident Fund
Stock Report

| More

Srei Infrastructure Finance PBT grows 47% in H1, FY13 to Rs.205 Crore

Posted On: 2012-11-09 21:40:23

Srei Infrastructure Finance Limited has recorded a 219% growth in its Consolidated Profit Before Tax during the quarter ended September 30, 2012 to Rs.158.07 crore as compared to Rs.49.53 crore same quarter last fiscal.

At the end of September, 2012, the total consolidated asset under management increased to Rs.32,505 crore from Rs.26,001 crore at the end of September, 2011, registering a growth of 25%. The consolidated total income for the quarter ended September 30, 2012 was Rs.788 crore as compared to Rs.588 crore in the corresponding period of the previous fiscal year, recording a growth of 34%. Consolidated disbursement during the quarter was Rs.2,347 crore as compared to Rs.4,401 crore in the corresponding period last fiscal. The consolidated profit after tax for the quarter stood at Rs.130.20 crore compared to Rs.24.60 crore, during the same period last fiscal registering a growth of 429%. The operating profit during quarter ended September 2012 was Rs.231.78 crore compared to Rs.112.67 crore during the same period last fiscal.

The consolidated total income for the half year ended September 30, 2012 was Rs.1,550 crore as compared to Rs.1,098 crore in the corresponding period of the previous fiscal year, recording a growth of 41%. Consolidated disbursement during the first half year this fiscal was Rs.6,064 crore as compared to Rs.8,392 crore in the corresponding period last fiscal. The consolidated profit before tax for the first half year this fiscal stood at Rs.205.23 crore compared to Rs.139.17 crore during the same period last fiscal, a growth of 47%.

Commenting on the Q2 results, Hemant Kanoria, Chairman and Managing Director, Srei Infrastructure Finance Limited, said, "The Profit Before Tax for the second quarter and half year in FY 13 has shown a marked improvement in comparison to the earlier quarter. Our focus on the infrastructure sector and close client relationship has resulted in better performance. We believe that financial institutions operating in this space need to comprehend the operational hurdles while financing clients as the view necessarily, has to be long term. The biggest advantage with a rightly sculpted infrastructure project is that it will always pay back inspite of all hurdles. Our over two decades of experience has enabled us to identify the right projects to finance."


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Nestle India Launches CRUNCHILICIOUS MUNCH Campaign
Motilal Oswal Financial Services Ltd applies for rights issue of step-down subsidiary
DLF Ltd Q1 net profit more than doubles to Rs. 261.42 crores
Chaman Lal Setia Exports Ltd Board approves Bonus Issue
ICRA reaffirms credit rating of Veto Switchgears and Cables Ltd
Hindustan Composites Ltd calls for Board Meeting on Sep 8, 2016
Shubhra Leasing Finance And Investment Company Ltd Fixes Book Closure for 32nd AGM
GMDC Q1 PAT soars to Rs. 114.80 crores
India Cements Capital Ltd appoints additional director
Satyam Silk Mills Ltd Fixes Book Closure for 33rd AGM
Reliance Infrastructure Ltd Fixes Book Closure for Dividend & 87th AGM
Nahar Industrial Enterprises Ltd Fixes Book Closure for Dividend & 32nd AGM
Eros Now Announces Integration Deal with Reliance Jio
CARE reaffirms long term, commercial paper Credit Ratings of Cox & Kings
Rashtriya Chemicals and Fertilizers Ltd approves issue of NCDs
Madhucon Projects Ltd Fixes Book Closure for 26th AGM
Sree Rayalaseema Hi-Strength Hypo Ltd Fixes Book Closure for 2015-16 Dividend & AGM
Mishtann Foods Ltd Fixes Record Date for Stock Split
Reliance Capital Ltd Fixes Book Closure for Dividend & 30th AGM
Artson Engineering Ltd receives letter of award for storage tanks
eClerx Services Q1 net profit jumps to Rs. 95.91 crores
Reliance Power Ltd Fixes Book Closure for 22nd AGM
Indian Oil Corporation Ltd Board recommends Bonus Issue
Eros International to Report First Quarter Fiscal Year 2017 Results on September 9, 2016
Adhunik Metaliks Ltd calls for Board Meeting on Sept 02, 2016
Sobha Ltd to announce Q1 results on Sept 09, 2016
Trigyn Technologies Ltd empaneled by APSFS
Suzlon Energy Ltd to consider Q1 results on Sept 13, 2016
TD Power Systems Ltd receives export order for Generators - Railway application
Tara Jewels Ltd Fixes Book Closure for 15th AGM
Orbit Exports Ltd Fixes Book Closure for Final Dividend & 33rd AGM
Wipro and Stibo Systems Partner for Master Data Management Solutions
Cyient Ltd Board declares Special Dividend of Rs. 2.50
Alok Industries Ltd to announce Q1 results on Sept 12, 2016
Transcorp International gets RBI authorisation for semi closed pre-paid payment instrument service
Intellect Risk Analyst completes SSAE 16 SOC 2 certification
Rathi Steel & Power Ltd announces resignation of Managing Director
AkzoNobel breaks ground on powder coatings plant in Mumbai, India
JCT Ltd approves appointment of CFO
Indian Oil Corporation Q1 net profit rises to Rs.8268.98 crores
HMT Ltd announces resignation of Company Secretary
OK Play India Ltd calls for Board Meeting on Sept 01, 2016
Eros International to release Telugu action entertainer Janatha Garage on September 1, 2016
PTC India Financial Services Ltd Fixes Book Closure for Dividend & 10th AGM
Jain Irrigation Systems Ltd Fixes Book Closure for Dividend & 29th AGM
Ballarpur Industries Ltd Fixes Book Closure for 71st AGM
Sathavahana Ispat Ltd Fixes Book Closure for 27th AGM
Vedanta's Third unit of Talwandi Sabo Power Plant achieved COD
Duke Offshore Ltd secures contract for Two Fast Interceptor Crafts
Dr. Reddy's Laboratories launches Nitroglycerin sublingual tablets USP in the U.S. Market


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2016