SREI Infrastructure Finance gains on reporting 35% rise in Q4 consolidated net profit

SREI Infrastructure Finance is currently trading at Rs. 26.65, up by 0.60 points or 2.30% from its previous closing of Rs. 26.05 on the BSE.

The scrip opened at Rs. 28.00 and has touched a high and low of Rs. 28.00 and Rs. 25.95 respectively. So far 45924 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 81.80 on 29-May-2018 and a 52 week low of Rs. 19.15 on 06-Feb-2019.

Last one week high and low of the scrip stood at Rs. 26.30 and Rs. 23.00 respectively. The current market cap of the company is Rs. 1338.21 crore.

The promoters holding in the company stood at 60.80%, while Institutions and Non-Institutions held 14.61% and 24.59% respectively.

SREI Infrastructure Finance has reported a rise of 12.58% in its net profit at Rs 12.80 crore for the quarter ended March 31, 2019 as compared to Rs 11.37 crore for the same quarter in the previous year. However, total income of the company decreased by 9.57% at Rs 466.44 crore for Q4FY19 as compared Rs 515.83 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 34.92% in its net profit at Rs 144.85 crore for the quarter under review as compared to Rs 107.36 crore for the same quarter in the previous year. Total income of the company increased by 16.85% at Rs 1,731.48 crore for Q4FY19 as compared Rs 1,481.81 crore for the corresponding quarter previous year.

For the year ended March 31, 2019, the company has reported a rise of 4.70% in its net profit at Rs 94.67 crore as compared to Rs 90.42 crore for the previous year. However, total income of the company marginally decreased by 0.67% at Rs 1,889.57 crore for year under review as compared to Rs 1,902.28 crore for year ended March 31, 2018.

For the year ended March 31, 2019, on the consolidated basis, the company has reported a rise of 29.02% in its net profit at Rs 486.78 crore as compared to Rs 377.29 crore for the previous year. Total income of the company increased by 19.81% at Rs 6,469.70 crore for year under review as compared to Rs 5,399.98 crore for year ended March 31, 2018.

The post SREI Infrastructure Finance gains on reporting 35% rise in Q4 consolidated net profit appeared first on Udaipur News | Udaipur Latest News | udaipur local news.

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