Srei Q2 net profit up 29% at `111cr

Kolkata: Srei Infrastructure Finance Ltd on Friday reported a consolidated net profit of `110.9 crore for the Q2 period of FY19 ended September 30, 2018, up 29 per cent over the corresponding period last year. The company registered a profit of `86 crore in the corresponding quarter of FY18, it said in a statement. The gain in ‘fair value changes’ during the quarter was at `131.77 crore, against `18.49 crore in the corresponding period of the last year. On a standalone basis, Srei reported a dip in interest income to `350.6 crore for the quarter against `431.8 crore in Q2FY18. — PTI