homevideos Newsfinance NewsNot facing any liquidity issues; AUM, disbursements grew in H1, says SREI Infra
Not facing any liquidity issues; AUM, disbursements grew in H1, says SREI Infra
Srei Infrastructure Finance (Srei) on Friday said the company is no facing any liquidity issues and the asset under management (AUM) and disbursement saw a robust growth in H1.
"The quarter two has been relatively better if look at half year’s profit," said Hemant Kanoria, chairman and managing director, SREI Infra. "Equipment Finance business has seen growth because of decent growth in mining, construction and healthcare."
The AUM for the first six months grew by 14 percent year on year (Y-o-Y), while disbursements also saw a jump of 13 percent, he said.
The company's Q2 consolidated net profit was down 20.4 percent at Rs 111 crore against Rs 140 crore quarter on quarter (Q-o-Q). The consolidated interest expense were down 36 percent year on year and down 14 percent quarter on quarter.
With regards to the SREI Equipment Initial Public Offering (IPO), Kanoria said the present market conditions are not appropriate to come out with an IPO, so it won’t happen in this quarter.
The company usually does not borrow against commercial paper (CPs) and engage that money for doing any business, he added.
When asked if the company’s asset-liability position properly matched, he said it has been a fundamental principle of the company to never run into a liability asset maturity mismatch.
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