Srei reports consolidated PAT of Rs. 110.97 crore during Q2FY19 versus Rs. 86.03 crore during Q2FY18.
Srei Infrastructure Finance Limited (“Srei”) along with its wholly-owned subsidiary Srei Equipment Finance Limited has reported a consolidated profit after tax (“PAT”) of Rs. 110.97 crore during the quarter ended September 30, 2018 as compared to Rs. 86.03 crore during the corresponding quarter of last year. The company’s consolidated.
PAT was at Rs. 250.52 crore during the first six months of this financial year as compared to Rs. 151.19 crore in the corresponding period of last year.
Commenting on the results, Hemant Kanoria, Chairman and Managing Director, Srei, stated, “Srei has maintained steady growth in business and profits, due to its fundamentally strong principles of conducting financial services business. In the last three decades Srei has seen through many ups and downs in the NBFC sector and also the financial sector in general. However, at Srei, we have been able to stick to our core business model and risk principles; therefore we have always been able to manage our liquidity in a well-structured manner over decades.”
Srei has also announced the appointment of Rakesh Kumar Bhutoria as Chief Executive Officer (CEO). Bhutoria's professional career spans over two decades in various leadership roles in the domain of financial services.