SREI Infra PAT surges 73%

BS 200 SCORECARD

SREI Infrastructure Finance (SREI), the infrastructure equipment finance, infrastructure project finance and renewable energy product financing company, has announced 73 per cent rise in PAT (profit after tax) for the second quarter ended September 30 of 2006-07 at Rs 14 crore against Rs 8 crore in Q2 of 2005-06.

Disbursements for the first half (H1) ended September 2006 jumped 85 per cent to Rs 2,134 crore from Rs 1,155 crore in the corresponding period last year. The total assets under management of SREI stood at about Rs 4,200 crore.

In H1 of this financial year, PBT (profit before tax) rose to Rs 44 crore from Rs 28 crore in H1 of 2005-06. PAT surged to Rs 29 crore in H1 this fiscal from Rs 19 crore in H1 last year. Operating profit in H1 FY07 at Rs 57 crore saw a jump of 90 per cent from Rs 30 crore in H1 last year.

Total income of SREI also increased a whopping 118 per cent to Rs 181 crore in H1 ended September 2006 from Rs 83 crore in H1 ended September 2005.

Hemant Kanoria, vice-chairman and managing director, SREI, said expanded funding in railways, road, power, ports, aviation and urban infrastructure sectors was the result of growing opportunities in the infrastructure sector "� thanks to announcements by the government and bodies such as the NHAI.