SREI Infrastructure Finance

SREI Infrastructure Finance Q1 Results; Net Profit Drops 46%

SREI Infrastructure Finance Q1 Results; Net Profit Drops 46%:

To begin with, SREI Infrastructure Finance Ltd. announced its net profit of Rs. 23.01 Cr with a loss of 46% on September 21st. While the company also posted its consolidated net loss of Rs. 42.67 Cr in the same quarter last year.

Furthermore, the company on September 21st reported its Q1FY21 result. Besides, the company’s total revenue stood at Rs. 1,214.45 Cr in this current quarter. The company also posted its total revenue of Rs. 1,579.59 Cr in the same quarter last year. Recently, the company obtained funds from the Germany bank KfW IPEX-Bank. 

SREI Infrastructure Finance Limited shares traded with a loss of 0.45 points reached 6.90 INR with 6.12% down. Its shares previously closed at 7.35 INR. The company shares traded on the National Stock Exchange.

Stock Market Update:

Stock Market September 21st: On Monday, both Sensex and Nifty seem to trade in a bearish trend in the stock market. The Sensex stood traded loss with 38,034.14 levels and Nifty stood traded loss with 11,250.55 levels. The Sensex declined 811.68 points with a 2.09% loss. Besides, Nifty has declined 254.40 points with a 2.21% loss.

On the other hand, the number of confirmed or coronavirus cases in India reached 54,87,580 as of September 21st, and deaths reached 87,909.

In the border market, the S&P BSE Midcap index reported a bearish trend in the stock market today. It declined 516.21 points with a 3.43% loss and reached a 14,531.59 level. The S&P BSE Smallcap index declined 552.64 points with a 3.61% loss and reached a 14,747.34 level. However, the Nifty Bank declined 664.25 points with a 3.02% loss and reached a 21,366.80 level.

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