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Rural Electrification Corporation’s Q2 net dips 31%

07 Nov 2017 Evaluate

Rural Electrification Corporation (REC) has reported results for second quarter ended September 30, 2017.

The company has reported a fall of 30.64% in its net profit at Rs 1,214.66 crore for the quarter under review as compared to Rs 1,751.27 crore for the same quarter in the previous year. Total revenue of the company decreased by 7.87% at Rs 5,627.71 crore for Q2FY18 as compared Rs 6,108.55 crore for the corresponding quarter previous year.

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.


REC Share Price

382.20 8.85 (2.37%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Power Finance Corp 472.85
REC 382.20
Indian Railway Fin. 103.00
NHIT 151.00
Satin Creditcare 169.85
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