SREI Infrastructure Finance Limited : Srei PAT grows by 171% to Rs 47.22 Crore in Q1 FY 14

Srei PAT grows by 171% to ` 47.22 Cr in Q1 FY14

Kolkata, August 14, 2013: Srei Infrastructure Finance Limited, India's one of the leading infrastructure financial institutions, registered a 171% growth in its Consolidated Profit After Tax at ` 47.22 crore during the quarter ended June 30, 2013 as compared to ` 17.42 crore recorded during the corresponding period last fiscal.

Srei Infrastructure Finance Limited consolidated operating profit for the quarter ended June 30, 2013 stood at `
137.24 crore as compared to ` 117.26 crore in the first quarter of the last fiscal. Consolidated total income was recorded at ` 786.67 crore as compared to ` 761.68 crore during the same quarter last fiscal, registering a growth of 3 %. During quarter ended June 30, 2013, the Consolidated Profit Before Tax (PBT) was ` 80.23 crore as compared to ` 47.16 crore in the corresponding quarter last fiscal. The consolidated disbursement stood at `
3,520.54 crore during quarter ended June 30, 2013.
The Consolidated Asset under Management stood at ` 34,483 crore at the end of Q1 this financial year as compared to ` 33,309 crore at the end of Q1 last fiscal, registering an increase of 4%.
Commenting on the Q1 results, Hemant Kanoria, Chairman and Managing Director, Srei Infrastructure Finance Limited, said, "The first quarter of this financial year has indeed been challenging. Due to the concerted efforts of the management team, we have had a higher profit this quarter and we will continue our endeavour towards better results. In spite of the infrastructure sector and the Indian economy not doing well, we are hopeful that it would revive soon. We are always in a state of preparedness to grow our business and enhance shareholder value as soon as we see the first sign of growth. We have also been requesting the Government to allow Indian Infrastructure companies to get listed overseas so that long term equity funds can flow into the country, thereby relieving the pressure on rupee."

Srei Infrastructure Businesses

Srei Project Finance Business continued executing select deals in a challenging and uncertain macro-economic environment. The portfolio size grew from ` 9,902 crore as on June 30, 2012 to ` 10,622 crore as on June 30,

2013, registering a growth of 7%.During the quarter, disbursement was ` 970 crore by offering tailor-made financing solution to the clients in infrastructure sectors like conventional power, renewable energy, oil & gas, port, road, and SEZs & industrial parks.

Srei Equipment Finance Business, industry leader with over 30% market share in infrastructure and construction equipment financing sector, recorded total Asset Under Management at ` 19,468 crore as compared to ` 18,492 crore during the same period last fiscal, registering an increase of 5%. The Profit Before Tax (PBT) stood at `

115.79 crore for the first quarter ended June 30, 2013 as compared to ` 100.62 crore in the corresponding period last fiscal while the Profit After Tax (PAT) stood at ` 68.89 crore as compared to ` 67.56 crore during the same period last fiscal.

Srei Project Development Business as a leading sponsor of PPP Business in the road sector in our country has a portfolio of close to 5,500 lane km of Road with a total Capital Cost of over ` 13,000 crore which is already commissioned or under implementation in consortium with reputed domestic and acclaimed international partners under the PPP framework. These projects are a diversified mix of annuity and toll-based projects and have been awarded by the National Highway Authority of India (NHAI) under National Highways Development Programme (NHDP), Ministry of Road Transport & Highways and various State Governments.

Srei Project Advisory Business has been mandated by Andhra Pradesh State Road Corporation for undertaking consultancy for funding of buses through JNNURM programme for eight major towns in the State of Andhra Pradesh. Additionally, Srei has been empaneled by MOUD for preparation of mobility plans pan India. Srei Advisory has also been empanelled as Transaction Advisor for PPP Projects for the State of Madhya Pradesh with the Directorate of Institutional Finance, Govt. of Madhya Pradesh. In Social Sector, it has been engaged as Transaction Advisor by Maharashtra Jeevan Pradhikaran for carrying out financial feasibility of taking over of Management of Akola Water Supply Scheme presently operated and maintained by Akola Municipal Corporation in Maharashtra.

About Srei Infrastructure Finance Limited

Srei is a Holistic Infrastructure Institution, constantly and consistently ideating to deliver innovative solutions in infrastructure space, thus playing a significant role in nation-building for over two decades, both in urban and rural India. Srei's businesses include Infrastructure Project Finance, Advisory and Development, Infrastructure Equipment Finance, Alternative Investment Funds, Capital Market and Insurance Broking. Srei has a pan-India presence with a network of 99 offices and has also replicated its business model overseas with offices in the Russian Federation.

Media persons, for further information, please contact:

Manager
Corporate Communication and Brand
Management
Srei Infrastructure Finance Limited
Phone: +91 33 6602 3712
Email: swati.singh@srei.com

Investors, for further queries, please contact:

Group Head - Corporate Strategy and Planning Senior Manager
Srei Infrastructure Finance Limited Srei Infrastructure Finance Limited
Phone: +91 33 6602 3414 Phone: +91 33 6701 5131
E-mail: amit.agarwal1@srei.com

E-mail: ssancheti@srei.com
investor.relations@srei.com

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