Srei Infrastructure Finance today reported an over five-fold growth in profit after tax (PAT) at Rs 130.20 crore for the second quarter ended September 30.
The company's PAT stood at Rs 24.60 crore for the corresponding quarter last year.
The consolidated total income recorded a growth of 34% for the quarter under review at Rs 788 crore compared to Rs 588 crore in the same period of the previous fiscal year, the company said in a release issued here.
"The Profit Before Tax for the second quarter and half year in FY13 has shown a marked improvement in comparison to the earlier quarter. Our focus on the infrastructure sector and close client relationship has resulted in better performance.
"We believe that financial institutions operating in this space need to comprehend the operational hurdles while financing clients as the view necessarily, has to be long term," Srei Infrastructure Finance Chairman and Managing Director Hemant Kanoria said.
The company's total consolidated asset under management at the end of September, 2012, increased by 25% to Rs 32,505 crore from Rs 26,001 crore at the end of September, 2011.
Consolidated disbursement during the quarter was Rs 2,347 crore as compared to Rs 4,401 crore in the corresponding period last fiscal.
