Rural Electrification Corporation (REC) has reported results for its third quarter ended December 31, 2011.
The company has posted a 15.87% rise in net profit of Rs 769.51 crore for the quarter ended December 31, 2011 as compared to Rs 664.09 crore for the same quarter in the previous year. The total income has increased by 24.07% from Rs 2175.41 crore for Q3FY11 to Rs 2699.12 crore in the quarter under review.
The company has declared and approved payment of interim dividend at the rate of Rs 5 per share on the face value of the fully paid-up equity shares of Rs 10 each for the Financial Year 2011-12.
REC is engaged in providing financial assistance to state electricity boards, state government departments and rural electric co-operatives for rural electrification projects as are sponsored by them.
| Company Name | CMP |
|---|---|
| Power Finance Corp | 461.00 |
| REC | 359.35 |
| Indian Railway Fin. | 106.05 |
| NHIT | 160.00 |
| Satin Creditcare | 212.55 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: