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REC reports 25% rise in its Q4 net profit

25 May 2011 Evaluate

Rural Electrification Corporation (REC) has announced the results for the quarter and year ended March 31, 2011.

The company has reported a surge of 24.79% in its net profit to Rs 700.26 crore for the fourth quarter as compared to Rs 561.17crore for the same quarter last year. Total income has increased by 23.36% to Rs 2306.33 crore for the quarter to from Rs 1869.57 crore in the same quarter previous year.

The company has posted a net profit of Rs 2569.92 crore for FY11, jumped by 28.40% as compared to Rs 2001.42 crore in the last year. Total income has increased by 26.65% to Rs 8495.26 crore for the year from Rs 6707.60 crore in last year.

On consolidated basis, the net profit for the year ended March 31, 2011 has rose by 27.82% at Rs 2584.90 crore as compared to Rs 2022.25 crore for the year ended March 31, 2010. Its total income has increased by 26.45% to Rs 8532.20 crore for the year under review from Rs 6747.63 crore a period ago.

REC has recommended final dividend of Rs 4 per share on the face value of Rs 10 each for the financial year 2010-11, subject to approval of the shareholders in the ensuing Annual General Meeting. The total dividend (including interim dividend) for the financial year 2010-11 is Rs 7.50 per share on the face value of Rs 10 each.

REC Share Price

373.70 -2.75 (-0.73%)
24-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Power Finance Corp 469.10
REC 373.70
Indian Railway Fin. 103.90
NHIT 160.00
Satin Creditcare 167.50
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