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Srei Infrastructure Finance Limited has reported a consolidated profit after tax (PAT) of Rs. 60 crore during the quarter ended December 31, 2019 compared to Rs. 55.37 crore during the previous quarter. The company’s consolidated PAT was at Rs. 158.04 crore during the first nine months of this financial year compared to Rs. 341.93 crore in the corresponding period of last year.

Total consolidated income for the quarter ended December 31, 2019, was at Rs. 1,402.81 crore as against Rs. 1,424.18 crore recorded during the quarter ended September 30, 2019. Total consolidated income for the nine months ended December 31, 2019 was at Rs. 4,406.58 crore as compared to Rs. 4,750.10 crore in the corresponding period of last year. Consolidated assets under management (AUM) stood at Rs. 45,157 crore as on December 31, 2019 as compared to Rs. 49,912 crore in the same period in the last fiscal.

Hemant Kanoria, Chairman, Srei, said, “For last few years, our focus has been to grow our equipment finance portfolio, where we are witnessing a silent recovery in demand. We are sanguine that the demand will pick up further with the awarding of new EPC contracts. Our co-lending partnerships with Indiaʼs leading banks are paying rich dividends and will result in better risk-weighted returns going forward. We will continue to focus on improving our profitability and return on equity in coming quarters.”