Srei Infrastructure Finance has recorded a 65 percent rise in its consolidated total income and 31 percent growth in its consolidated disbursement during the quarter ended September, 2011 to Rs 588 crore and Rs 4,401 crore respectively as compared to same quarter performance last fiscal. At the end of September, 2011 the total consolidated asset under management increased to Rs 26,001 crore from Rs 14,944 crore at the end of September, 2010, registering a growth of 74 percent. Hemant Kanoria, Chairman and Managing Director, Srei Infrastructure Finance said, "There has been a good growth in the disbursement, both in Infrastructure Equipment and Project Financing for the Company. However, profits have declined due to the sudden and sharp depreciation of rupee against dollar and also continuous increase in interest rates. As the company has taken ECB for long term, therefore, it is expected that there will no actual loss on currency fluctuation. The loss on account of foreign exchange is primarily due to provisions. The profits of the Company will steadily be growing." The consolidated total income for the half year ended September 30, 2011 was Rs 1,098 crore as compared to Rs 680 crore in the corresponding period of the previous fiscal year, recording a growth of 62 percent. Consolidated disbursement during the first half year this fiscal was Rs 9,550 crore as compared to Rs 6,598 crore in the corresponding period last fiscal, a growth of 45 percent.The consolidated profit before tax for the first half year this fiscal stood at Rs 139.17 crore compared to Rs 186.56 crore, during the same period last fiscal.