Srei Infrastructure Finance Limited on Friday reported a consolidated net profit of Rs 110.9 crore for the Q2 period of FY19 ended September 30, 2018, up 29 per cent over the corresponding period last year.
The company registered a profit of Rs 86 crore in the corresponding quarter of FY18, it said in a statement.
The gain in 'fair value changes' during the quarter was at Rs 131.77 crore, against Rs 18.49 crore in the corresponding period of the last year.
The interest income for the Q2FY19 remained flat at Rs 1,019 crore.
On a standalone basis, Srei reported a dip in interest income to Rs 350.6 crore for the quarter against Rs 431.8 crore in Q2FY18.
The gain on fair value was Rs 16.68 crore, up from Rs 5.3 crore. Net profit for the period was at Rs 29.13 crore as against Rs 27 crore in Q2FY18.
Srei said it has appointed Rakesh Bhutoria as the Chief Executive Officer from November 16.
Disclaimer: No Business Standard Journalist was involved in creation of this content