SREI Infrastructure Finance Ltd. :Q4FY17 Results.
Amir Shaikh / 09 May 2017
The company's NII for the quarter jumped to Rs 284.4 crore as against Rs. 81.9 crore in Q3FY17.
SREI Infrastructure Finance Ltd. posted its Q4FY17 results on Tuesday.
The company's NII for the quarter jumped to Rs 284.4 crore as against Rs. 81.9 crore in Q3FY17.
It increased provisions for Q4FY17 to Rs. 200.73 from Rs 5.08 crore in Q3FY17.
The company's net profit for the quarter declined 21 per cent QoQ to Rs. 20.7 crore.
For FY17, the company's NII increased to Rs 855.3 crore from Rs 305.6 crore in FY16.
The Board of Directors has recommended dividend of Rs. 0.50 per share of FV of Rs 10.
The stock opened at Rs.110.50 and touched low at Rs.105.55 and closed at Rs.106.30 on BSE.
SREI Infrastructure Finance Limited is an Indian infrastructure financing company, contributing towards infrastructural development . Its business segments include infrastructure sector: project finance, advisory and development, infrastructure equipment finance, Sahaj e-Village, venture capital, capital market, Quippo - equipment bank, Viom -telecom towers and insurance broking.
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