{"id":373581,"date":"2020-09-15T08:29:15","date_gmt":"2020-09-15T02:59:15","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=373581"},"modified":"2020-09-15T08:55:28","modified_gmt":"2020-09-15T03:25:28","slug":"srei-reports-46-decline-in-net-profit-at-rs-23-cr-for-june-quarter","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/srei-reports-46-decline-in-net-profit-at-rs-23-cr-for-june-quarter\/","title":{"rendered":"Srei reports 46% decline in net profit at Rs 23 cr for June quarter"},"content":{"rendered":"<p>Srei Infrastructure Finance (Srei) on Monday reported over 46 per cent decline in its consolidated net profit at Rs 23.01 crore for the quarter ended June 2020. <\/p>\n<p>The company&#8217;s net profit stood at Rs 42.67 crore during the same quarter a year ago. <\/p>\n<p>Total income also declined to Rs 1,214.45 crore during April-June period of 2020-21 from Rs 1,579.59 crore in the same quarter of 2019-20, Srei said in a regulatory filing. <\/p>\n<p>&#8220;The continuing spate of the pandemic has disrupted businesses and dislocated people. It was expected that the normalcy will resume by August, however, now it seems that this spell will go on till December, for sure,&#8221; Srei Chairman Hemant Kanoria said. <\/p>\n<p>&#8220;It is an undeniable fact that the economy has been severely affected, specially the MSMEs and the infrastructure sector,&#8221; he added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Srei Infrastructure Finance (Srei) on Monday reported over 46 per cent decline in its consolidated net profit at Rs 23.01 crore for the quarter ended June 2020. The company&#8217;s net profit stood at Rs 42.67 crore during the same quarter a year ago. Total income also declined to Rs 1,214.45 crore during April-June period of 2020-21 from Rs 1,579.59 crore in the same quarter of 2019-20, Srei said in a regulatory filing. &#8220;The continuing spate of the pandemic has disrupted businesses and dislocated people. It was expected that the normalcy will resume by August, however, now it seems that this [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,168],"tags":[],"class_list":["post-373581","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-roads-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/373581","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=373581"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/373581\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=373581"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=373581"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=373581"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}