SREI Infra Fin FY06 net up 71%

Kolkata based NBFC, SREI Infrastructure Finance, has posted a 71%  jump in net profit at Rs 48.32 crore in FY06 when compared with Rs 28.30 crore in FY05.

The turnover of the company grew 74.9%  to Rs 227.25 crore in FY06 from Rs 129.93 crore in FY05. The disbursement also grew by 56% to Rs 2,500 crore in FY06 from Rs 1,600 crore in FY05. Net profit for Q4FY06 was up 56% to Rs 15.94 crore when compared with Rs 10.20 crore for Q4FY05.

The company has strengthened its position in infrastructure equipment financing, infrastructure financing and renewable energy financing, Hemant Kanoria, vice chairman & managing director of SREI, said.