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SREI Infrastructure Finance which is a non banking finance company, has posted a four fold increase for its third quarter profit at Rs 67.2 crore as against Rs 17.1 crore in the same quarter of last year.
Hemant Kanoria, CMD has said that “Consistent quarterly improvement in profitability has been due to several reasons-reduction in non-performing assets, increase in disbursements, focus on margins and divestment of some strategic investments.”
The calculated net interest income during the quarter increased by 95.5 percent to Rs 419.5 crore and total income increased 43.5 percent to Rs 1,129 crore as compared with the year ago quarter, with 41 percent growth in consolidated disbursements at Rs 4,812 crore YoY.
