A roadside vendor places Indian rupee notes in a plastic container. (Photographer: Dhiraj Singh/Bloomberg)

SREI Infrastructure Q2 Net Profit Up 39%

SREI Infrastructure Finance Ltd.’s net profit rose 39 percent to Rs 86 crore in the July-September quarter of the financial year 2017-18.

Revenue increased 13 percent to Rs 1,252.8 crore on a year-on-year basis, the non-banking finance company said in a stock exchange filing. Its assets under management increased 18 percent to Rs 43,125 crore.

Provisions are write-offs stood at Rs 100 crore, almost unchanged from the same quarter last year. Disbursements rose 71 percent to at Rs 6,010 crore on a year-on-year basis.

Shares of the company fell as much as 5.19 percent to Rs 115.1 per share post the result announcement.

Also Read: SREI Arm In Pact With Tata Motors To Finance Commercial Vehicles

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