SREI Infrastructure announced its first quarter results for FY12. The company's Q1 consolidated total income was up 59% at Rs 509.48 crore versus Rs 321.34 crore, year-on-year (YoY).
The company's PAT was up 17% at Rs 54.60 crore versus Rs 46.65 crore and EBITDA was up 54% at Rs 408.30 crore versus Rs 264.43 crore.
The net interest margins (NIMs) of the company have been under pressure due to the increase in interest rates. Sunil Kanoria, vice-chairman of SREI Infrastructure, in an interview with CNBC-TV18's Sonia Shenoy and Latha Venkatesh, said that the company is not very optimistic about Q2 and Q3 because of the current environment. He said, "We expect to pass on some of the interest rate hikes to our customers in Q2."
The company has seen good growth in the overall disbursements. Kanoria feels that making 30-35% growth in disbursements is not a big challenge for the company going forward. Also read: SREI Infra Q1 cons PAT up 17% 54.60 cr Below is the edited transcript of Kanoria
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
