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Srei Infra nosedives 15% after company posts Rs 3,810-crore Q3 loss

Srei Infra nosedives 15% after company posts Rs 3,810-crore Q3 loss SECTIONS Last Updated: Feb 15, 2021, 09:40 AM IST Share The company had reported a net profit of Rs 60 crore in the year-ago period. The Srei Infra stock fell 15.47 per cent to hit a low of Rs 6.23 on BSE. INSIGHTS NSE Explore Now NEW DELHI: Srei Infrastructure Finance shares tanked over 15 per cent in Monday s trade after the NBFC reported a consolidated net loss of Rs 3,810 crore for the December quarter on account of higher and accelerated provisioning as a prudent measure. The company had reported a net profit of Rs 60 crore for the corresponding period a year ago.

Srei reports whopping loss of Rs 3,810cr in Q3

Srei reports whopping loss of Rs 3,810 cr in Q3

Srei reports whopping loss of Rs 3,810 cr in Q3 SECTIONS Last Updated: Feb 14, 2021, 05:10 PM IST Share Synopsis The Kolkata-based company claimed that the Covid-19 pandemic had impacted its recovery, leading to an asset- liability mismatch. Agencies NSE KOLKATA: Srei Infrastructure Finance Ltd on Sunday said it has posted a consolidated net loss of Rs 3,810 crore during the third quarter of the current fiscal on account of higher and accelerated provisioning as a prudent measure. The company had reported a net profit of Rs 60 crore in the year-ago period. Its revenue from operations for the October-December period of the current fiscal stood at Rs 490 crore as against Rs 1,450 crore in the corresponding quarter last year.

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