Srei consolidated Q1 net up at Rs 139cr

Srei Infrastructure Finance Limited reported a consolidated net profit of Rs 139 crore, up 114 per cent in the Q1 period ended June 2018, the company said Wednesday.

The company had posted Rs 65.15 crore net profit in the corresponding period last year.

Disbursement was Rs 5,941 crore during the quarter under review, a rise of 35 per cent over the corresponding period last year.

"Overall there has been improvement in the business as projected earlier. There is a general feeling of shyness towards the infrastructure sector by banks and non-banking financial institutions.

"But our focus has been on the infrastructure industry and we have retained our leadership position in the sector," Srei chairman and managing director Hemant Kanoria said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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