SREI Infra posted a mixed set of earnings in Q2 as disbursement growth remained robust but asset under management (AUM) growth came in single digits.
SREI Infrastructure Finance Limited has reported a consolidated net profit of Rs 86.11 crore during the Q2 period ended September 17', up by 39 percent compared to the same period last year.
In an interview to CNBC-TV18 Hemant Kanoria, CMD, SREI Infra spoke about the Q2 performance and the outlook going forward.
He also explained the reasons for the huge gap between disbursement and AUM growth.
On slippages front, he said there haven't been any fresh slippages because in the new portfolio the NPAs are very low.
Business wise they have seen a pickup in equipment financing business and a recovery in stressed assets, said Kanoria.
The repayments have been higher and so disbursement growth is high as well, he said.
For full interview, watch video
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