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Srei Infrastructure Finance Ltd posted five-fold rise in net profit to Rs 130 crore for the quarter ended September 30 compared with Rs 25 crore during same period last year.
The phenomenal rise in profits came on the back of an income of Rs 67 crore earned through the sale of its step-down subsidiary Quippo Prakash Pte Ltd and a rise in other income.
Shares of Srei closed at Rs 27.45, up 5.58 per cent on the BSE on Friday. Other income went up by 116 per cent to Rs 13 crore.
Disbursements during the quarter under review, however, dipped by 47 per cent to Rs 2,347 crore.
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