SREI Infrastructure has reported a growth of 114% in its Q1FY19 profits. Reacting to this, the company’s share rose nearly 1% on Thursday.
The company’s net profit spurted to Rs139.55cr in the first quarter of FY19 vs. Rs65.15cr during the same period a year ago. Revenue of the company rose by 20% to Rs1,467cr vs. Rs1,215.7cr a year ago, the company said in a press note on Wednesday after market hours.
Meanwhile, the company has appointed Balaji Viswanathan Swaminathan as Additional Director, Non-Executive and Non-Independent, on its board, the company added.
SREI Infrastructure Finance share price is currently at Rs51.90, up by Rs0.4 or 0.78% from its previous closing of Rs51.50 on the BSE.
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