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Tuesday, May 21, 2013

SREI Infra PAT soars 136%
SREI Infrastructure Finance Limited, one of the largest infrastructure financial institutions in the country, on Monday registered a 136 per cent growth in its consolidated profit after tax (PAT). The company’s consolidated total income grew by 27 per cent during the last fiscal year. This, despite FY13 being one of the most challenging years for the infrastructure sector in the country.

The consolidated PAT increased to Rs 263.18 crore in the year ended March 31, 2013, up from Rs 111.81 crore in the previous year. The consolidated total income moved up to Rs 3,109.92 crore during the year, up from Rs 2,446.33 crore during the previous year. “This year saw infrastructure development slow down dramatically due to government being in consternation regarding the path ahead, thanks to massive private sector investments in the sector,” said Hemant Kanoria, CMD, Srei Infrastructure Finance.