SREI Infrastructure Finance Ltd. said its board recommended a dividend of five percent or Re.0.50 per equity share of Rs.10 each for the fiscal yer 2013.
For the fiscal year, the company posted stand-alone net profit of Rs.94.96 crore, compared with Rs.57.96 crore last year, an increase of 64 percent. Net income from operations totaled to Rs.1,579.36 crore, up by 38 percent from the Rs.1,147.03 crore in 2012, while other operating income was Rs.81.92 crore, compared with Rs.29.47 crore a year-ago.
On a consolidated basis, its fiscal year consolidated net profit more than doubled to Rs.263.18 crore from the Rs.111.81 crore in 2012. Net income from operations totaled Rs.2,959.32 crore, higher by 24 percent than the Rs.2,377.82 crore in FY12, while other operating income was Rs.124.08 crore, compared with Rs.55.60 crore a year-ago.
Its board had recommended a dividend of five percent or Re.0.50 per equity share of Rs.10 each for the fiscal year 2013.
The board also approved the induction of Punita Kumar Sinha, as an Additional Director of the company (category: Non-Executive and Independent) effective May 20, 2013, with a view to broad-base the expertise of the Board.
The board further considered the appointment of Anil Agrawal, as the Chief Financial Officer (CFO) of the company effective May 20, 2013 and elevated Sanjeev Sancheti, the acting CFO of the company, as Group Head, Corporation Strategy & Planning of the company.
At the BSE, SREI Infrastructure closed Monday's trading at Rs.27.55, down 2.30 percent from the previous close.
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