REG - SREI Inf Fin Ltd - Media Release Q1 FY 2014-15 <Origin Href="QuoteRef">SREI.NS</Origin>

Srei Infrastructure FinanceAnnouncement

29/10/2014 09:40

RNS Number : 1035O
SREI Infrastructure Finance Limited
02 August 2014
Srei PAT grows by 35 % to Rs. 63.98 crore in Q1 FY15
Kolkata, August 2, 2014: Srei Infrastructure Finance Limited, India's leading infrastructure financial institution, registered a 35 % growth in its Consolidated Profit After Tax at Rs. 63.98 crore during the quarter ended June 30, 2014 as compared to Rs. 47.22 crore recorded during the corresponding period last fiscal. 
Srei Infrastructure Finance Limited consolidated operating profit for the quarter ended June 30, 2014 stood at Rs. 265.03 crore as compared to Rs. 137.24 crore in the first quarter of the last fiscal. Consolidated total income was recorded at Rs. 942.64 crore as compared to Rs. 786.67 crore during the same quarter last fiscal, registering a growth of 20 %. During quarter ended June 30, 2014, the Consolidated Profit Before Tax (PBT) was Rs. 97.26 crore as compared to Rs. 80.23 crore in the corresponding quarter last fiscal. The consolidated disbursement stood at Rs. 3,217 crore during quarter ended June 30, 2014.
The Consolidated Asset under Management stood at Rs. 34,713 crore for the quarter ended, June 30, 2014 as compared to Rs. 34,483 crore at the end of Q1 last fiscal. 
Commenting on the Q1 FY15 results, Hemant Kanoria, Chairman and Managing Director, Srei Infrastructure Finance Limited, said, "There has been an improvement in the profits in Q1 due to better cost management. The environment in the country is improving with the new Government and the budget also announced many schemes for accelerating infrastructure growth. From the third quarter onwards of this financial year, we expect investments to restart in the sector which will help augment our business and profits."
Consolidated Financials at a glance: Q1 June 30, 2014



In Rs. Crore
30.06.14 30.06.13
Growth %
AUM
34,713.05 
34,482.72 

1%


Disbursements
3,216.84
3,520.54

(9%)


Total Income
942.64
786.67 

20%


PBT
 97.26
80.23

21%


PAT
63.98
47.22

35%
















Srei Infrastructure Businesses
Srei Project Finance Businesscontinued to offer tailor-made financing solutions to the customers in infrastructure sectors like conventional power, renewable energy, oil & gas, port, road, SEZs & industrial parks and diversified to social & commercial infrastructure sectors like hospitals. During the quarter, the business disbursed Rs.584 crore and offered non-fund based solutions aggregating to Rs.376 crore. The portfolio size stood at Rs.11,133 crore as on June 30, 2014 as compared to Rs.10,624 crore in the corresponding period last fiscal, registering a growth of 5%.
Srei Equipment Finance Business, industry leader with approx. 30 % market share in infrastructure and construction equipment financing sector, recorded a Profit Before Tax of Rs.95.31 crore for quarter ended June 30, 2014 as compared to Rs.115.79 crore during the corresponding period last fiscal while the Profit After Tax was Rs.63.08 crore as compared to Rs.68.89 crore recorded in the corresponding period last fiscal. The Total Asset Under Management stood at Rs.18,775 crore as compared to Rs.19,468 crore during the same period last fiscal. The construction equipment industry is witnessing a major shift from strategic large ticket funding to more SME and retail customers. The shift has been primarily due to the urgent need to diversify risk and also tap new segments in IT, Healthcare, Rural and Pre-owned equipment.
Srei Project Development Businessis a leading sponsor of PPP Business in the infrastructure sector with presence across Roads, Ports, Economic Zones and Water Management. As one of India's leading Highways Concessionaires, the business has been managing a portfolio of close to 5,500 lane km of highways with a total Capital Cost of over Rs. 12,000 crore which are either completed or are under implementation in consortium with reputed domestic and acclaimed international partners under the PPP framework. These projects are a diversified mix of annuity and toll-based projects and have been awarded by the National Highway Authority of India (NHAI) under National Highways Development Programme (NHDP), Ministry of Road Transport & Highways and various State Governments. Besides Roads & Highways, the business is also engaged in developing an all-weather Port at Nate district at Ratnagiri, Maharasthra; three Economic zones covering 3,400 acres of land in Tamil Nadu (2,500 acres), Maharashtra (350 acres) and West Bengal (550 acres). It also operates a Water Treatment Plant and Distribution Network covering 129 Sq Km in five command zones in NCR area under Delhi Jal Board in one of the largest Water sector PPP project in India. 
Srei Project Advisory Business is executing key assignments in Bangalore, Vizag and Lucknow. The business prepared a master plan on 'Core road network' for the World Bank division of Uttar Pradesh PWD which has been approved by GoUP along with a loan of about US$ 1,700 million approved by World Bank and ADB. The business has been awarded assignments for city development planning for four towns of Rajasthan under the JnNURM program. The business has also made major inroads in Goa recently and has been awarded Project Management Consultancy for Sewerage Scheme work for Navelim and its suburbs. Srei Advisory has been retained as 'Transaction Advisors' for selection of independent engineer for Steel Silo Project at ten locations. 
About Srei Infrastructure Finance Limited 
Srei is a Holistic Infrastructure Institution, constantly and consistently ideating to deliver innovative solutions in infrastructure space, thus playing a significant role in nation-building for over two decades, both in urban and rural India. Srei's businesses include Infrastructure Project Finance, Advisory and Development, Infrastructure Equipment Finance, Alternative Investment Funds, Capital Market and Insurance Broking. Srei has a pan - India presence with a network of 99 offices and has also replicated its business model overseas with offices in the Russian Federation. 
Media persons, for further information, please contact:





Sugato Banerji
Swati Singh


Head
Manager


Brand and Corporate Communication 
Corporate Communication and Brand Management


Srei Infrastructure Finance Limited
Srei Infrastructure Finance Limited


Phone: +91 33 6602 3211 
Phone: +91 33 6602 3712


E-mail: sugato.banerji@srei.com 
Email: swati.singh@srei.com





Investors, for further queries, please contact:
Sanjeev Sancheti
Amit Agarwal
Group Head - Corporate Strategy and Planning 
Chief Manager - Investor Relations
Srei Infrastructure Finance Limited
Srei Infrastructure Finance Limited
Phone: +91 33 6602 3414 
Phone: +91 33 6701 5131
E-mail: ssancheti@srei.com
E-mail: amit.agarwal1@srei.com
 investor.relations@srei.com

This information is provided by RNS
The company news service from the London Stock Exchange
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