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Srei reports consolidated PAT of Rs 162.43 cr in H1 FY18 vs Rs 113.44 cr in H1 FY17, registering a growth of 43%

Srei Infrastructure Finance Limited ("Srei"), one of India's largest holistic infrastructure institutions, has reported a consolidated profit after tax ("PAT") of Rs 162.43 crore during the half year ended September 30, 2017 as compared to Rs 113.44 crore during the corresponding period of last year, a growth of 43%.

The company's consolidated profit after tax during the quarter ending September 30, 2017 was Rs 86.11 crore as compared to Rs 61.87 crore in the corresponding quarter of previous year, a growth of 39%.

The consolidated disbursement for half year ended September 30, 2017 has been Rs.10,416 crore against Rs 7,290 crore for the corresponding period of last year. The consolidated disbursement for the quarter ended September 30, 2017 was Rs. 6,010 crore against Rs. 3,498 crore in the corresponding quarter of last year.

The standalone PAT was Rs 59.05 crore for the half year ended September 30, 2017 as compared to Rs 49.11 crore in the corresponding period of last year.

Total consolidated income for the half year ended September 30, 2017 was Rs 2,448.85 crore as against Rs 2,220.78 crore recorded during for the half year ended September 30, 2016.

Total conolidated income for the quarter ended September 30, 2017 was Rs 1,257.53 crore as against Rs 1,106.65 crore recorded during the quarter ended September 30, 2016.

Consolidated assets under management ("AUM") stood at Rs 43,125 crore as on September 30, 2017 as compared to Rs 36,513 crore a year earlier.

 

Commenting on the results, Hemant Kanoria, Chairman and Managing Director, Srei, said: "Our journey towards our objective of shareholder value enhancement through business growth, profit growth, improvement in asset quality and harvesting of strategic investment portfolio is on track. In the second quarter, we have also completed the initial public offer ("IPO") of Bharat Road Network Limited ("BRNL") successfully. We have announced plans to list Srei Equipment Finance Limited, which we are targeting to complete within this financial year. We hope to continue meeting our targets as envisaged."

Consolidated financials at a glance:

 

 

Quarter Ended

 

Half Year Ended

 

 

In Rs crore

In Rs crore

Particulars

30.09.17

30.09.16

Growth

%

30.09.17

30.09.16

Growth

%

AUM

43,125

36,513

18

43,125

36,513

18

Disbursements

6,010

3,498

72

10,416

7,290

43

Total Income

1,257.53

1,106.65

14

2448.85

2,220.78

10

PBT

137.12

91.06

51

253.95

162.62

56

PAT

86.11

61.87

39

162.43

113.44

43

 

     
Others | 2017/10/27 by Rashmi Nargundkar