The Hindu Business Line : Srei Infrastructure Q2 PAT up 50 pc

SREI Infrastructure Finance Ltd has achieved a profit after tax of Rs 8.58 crore for the quarter ended September 30, 2005 against Rs 5.73 crore recorded in the same quarter of previous financial year, registering a growth of 50 per cent.

The company has recorded a 118 per cent increase in profit before taxes at Rs 28.20 crore (Rs 13.27 crore).

Operating profit for the first half of the current fiscal, as per a statement released by the company here today, increased to Rs 30.18 crore from Rs 13.85 crore in the same period of last year. The business done is placed at Rs 1,155 crore (Rs 650 crore).

Mr Hemant Kanoria, Vice-Chairman and Managing Director, Srei, said: "Our focus in the infrastructure sector, and the huge opportunities unfolding in this area resulted in better performance. We see this trend being maintained in the future too".

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Andhra Bank in pact with NCMSL for loans against farm produce

Will RBI Governor stay the course?

Composite insurance may soon be a reality

Bank stocks see rising FII interest

Srei Infrastructure Q2 PAT up 50 pc

DHFL readies realty venture fund scheme — Plans Rs 250 cr mop-up

Aviva holds Diwali mela in Hyderabad

Birla Sun Life hikes capital by Rs 30 cr

MetLife declares maiden dividend to policyholders

Bond traders await Credit Policy for direction

IIBI winding-up unlikely; may be tagged with IFCI

Exim Bank signs pact with ICO of Spain

Centre may allow post offices to disburse credit in rural areas

Farmers' money with banks down

Left support to banking unions