Chennai: Srei Infrastructure Finance Limited (Srei) has reported a consolidated profit after tax (PAT) of Rs 486.78 crore during the financial year ended 31 March, compared to Rs 377.29 crore in the previous year, registering a growth of 29 per cent.
The standalone PAT was at Rs 94.67 crore in 2018-19 as compared to Rs 90.42 crore a year earlier, the firm said in a release.
The company’s consolidated PAT during the quarter, was at Rs 144.85 crore as compared to Rs 107.36 crore in the corresponding quarter of previous year, registering a growth of 35 per cent.
Total consolidated income for the year was at Rs 6,469.70 crore as against Rs 5,399.98 crore in the previous year, while the consolidated assets under management (AUM) stood at Rs 47,070 crore, as compared to Rs 47,480 crore as in 2018. Consolidated disbursements during 2018-19 were at Rs 21,229 crore.
Chairman, Srei, Hemant Kanoria, said, ‘In 2018-19, post the initial strong first half growth, in the second half the focus was to remain sufficiently liquid, maintain superior quality of assets and grow cautiously amidst challenging macro-economic environment. Going forward, our outlook on the economy continues to remain positive. On the business front, we will continue to strengthen our existing client relationships, focus on co-lending arrangements with banks and aim at growth in the equipment finance sector.’