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REC reports marginal gain in Q2 net profit

11 Nov 2011 Evaluate

Rural Electrification Corporation (REC) has reported results for the second quarter ended September 30, 2011.

The company’s net profit for the quarter has increased marginally by 0.75% at Rs 622.87 crore as compared to Rs 618.21 crore for the corresponding quarter of the previous year. The company’s total income has rose by 25.04% at Rs 2570.05 crore for the second quarter of the current fiscal from Rs 2055.37 crore for the corresponding quarter of the previous year.

Interest and finance expenses in the latest quarter jumped to Rs 1,564.87 crore from Rs 1,208.07 crore in the comparable period. This included a one-time upfront fee of over Rs 34 crore paid towards a hike in external commercial syndicated loan.

Rural Electrification Corporation 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

355.25 -3.35 (-0.93%)
19-Jun-2026 16:59 View Price Chart
Peers
Company Name CMP
Power Finance Corp 431.30
REC 355.25
Indian Railway Fin. 99.46
NHIT 160.00
Satin Creditcare 235.10
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