SREI Infrastructure Finance is eyeing to clock up to 30% growth both in profit as well as disbursement in FY12, driven by growing momentum in the sector, a senior company official said.
"We are expecting to maintain the current growth rate of about 25-30% over and above that of FY11, both in profit as well as disbursement in FY12, keeping in line with the growing infrastructure sector," company's Chairman and Managing Director Hemant Kanoria told PTI.
The company expects the profit after tax to be around Rs 265 crore in FY12 from the estimated Rs 204 crore in FY11.
Similarly, the total disbursement is expected at around Rs 15,210 crore in FY12, compared to the estimated Rs 11,700 crore in FY11, he said.
The overall infrastructure sector environment is conducive resulting in accelerated growth, he said.
The company is expecting to get 35-40 new projects in the coming fiscal and would be looking at financing projects related to water, solid waste management and urban utility development areas, he said.
However, several hurdles like the 2G scam will is likely to put a break on the growth momentum and the sector might not achieve the estimated double digit growth, he said adding that the growth might be limited to around 8.5%.
SREI Infrastructure finance is the largest infrastructure Non Banking Financial Institution (NBFI) in India and market leader in infrastructure equipment financing holding 33% market share.
Shares of the company today closed at Rs 44, up by 4.27%, on the Bombay Stock Exchange.