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:

Tata Power Delhi Distribution wins Platts Global Energy Awards, 2014 for CSR Initiatives
Logistics companies to be biggest beneficiaries of GST: Shashi Kiran Shetty, ALLCARGO LOGISTICS
Bajaj Auto secures repeat order from Sri Lanka for Discover-125M motorcycles
TM Forum and Subex survey reveals the magnitude of Capex challenge globally
Transformers and Rectifiers enters into Technology License Agreement with Fuji
NIIT Technologies helps Air Tahiti Nui to launch 5 new regional websites
Unno Industries Ltd Board approves acquisition of NPASource.com
Avanti Feeds Ltd Shifts Registered Office to Visakhapatnam
MM Rubber Company Ltd to consider quarterly results on Jan 30, 2015
Amines & Plasticizers Ltd Board to consider Stock Split
HOV Services Ltd appoints Company Secretary
Bajaj Auto Ltd to announce Q3 results on Jan 15, 2015
Rajasthan Government takes back lime stone mine from UltraTech Cement Ltd
Veljan Denison Ltd accepts resignation of MD
EXIM Bank withdraws Nomination of Director from Innoventive Industries Ltd
Shantanu Sheorey Aquakult Ltd to acquire Four Lions Films Pvt. Ltd.
Haryana Financial Corporation Ltd gets new Managing Director
Steel Exchange India Ltd Fixes Book Closure for 2013-14 AGM
ICRA upgrades credit ratings of SRS Ltd
Bajaj Holdings & Investment Ltd to announce Q3 results on Jan 15, 2015
Disa India Ltd announces change in ownership
HCL Infosystems Ltd clarifies on pact with Mongo DB
Jet Infraventure Ltd appoints additional director
Patel Engineering Ltd announces demise of Director
State Bank of Travancore Board approves draft letter of offer for rights issue
Bajaj Finserv Ltd to announce Q3 results on Jan 14, 2015
Indian Oil Corporation Ltd clarifies on capacity expansion
JMD Telefilms Industries Ltd Fixes Record Date for Bonus Issue
G Veera Bhadram ceased to be whole-time Director of Sabero Organics Gujarat Ltd
City Union Bank opens new branches at Visakhapatnam, Vizianagaram
Pincon Spirit Ltd approves launch of whiskey
City Union Bank Ltd to consider delisting from Madras Stock Exchange
Thirthankar Infra Ltd changes name as PVV Infra Ltd
Networth Stock Broking Ltd Fixes Book Closure for 21st AGM
Bajaj Finance Ltd to announce Q3 results on Jan 14, 2015
Kesar Terminals & Infrastructure Ltd's Director passes away
Advani Hotels & Resorts announces demise of Director
Jindal Photo to consider scheme or arrangement with Jindal Poly Films
Lyka Labs Ltd Fixes Book Closure for 35th AGM
Cambridge Technology Enterprises Ltd revises Book Closure for AGM
Kesar Enterprises Ltd announces demise of Independent Director
Jindal Poly Films to consider scheme or arrangement with Jindal Photo
Panacea Biotec enters into pact with Rising Pharmaceuticals Inc.
Dr. Reddy's Laboratories completes acquisition of Habitrol® Brand from Novartis
Rajasthan Petro Synthetics Ltd appoints Woman Director
Rollatainers Ltd to open 550 new Barista Outlets in 5 years
Visa Steel Ltd approves merger
Punj Lloyd Ltd receives FIPB Approval for manufacture of defence items
Hester Biosciences Ltd calls for Board Meeting on Dec 24, 2014
C Mahendra Exports Ltd to change name as C Mahendra Ltd


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

disclaimer copyright © 2005 - 2014