REC moves up on reporting marginal rise of 8.91% in Q4 net profit

Rural Electrification Corporation (REC) is currently trading at Rs. 170.00, up by 0.25 points or 0.15% from its previous closing of Rs. 169.75 on the BSE.

The scrip opened at Rs. 170.10 and has touched a high and low of Rs. 172.70 and Rs. 169.00 respectively. So far 91584 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 251.40 on 17-Feb-2012 and a 52 week low of Rs. 143.50 on 28-Dec-2011.

Last one week high and low of the scrip stood at Rs. 178.90 and Rs. 166.05 respectively. The current market cap of the company is Rs. 16875.67 crore.

The promoters holding in the company stood at 66.80% while Institutions and Non-Institutions held 25.92% and 7.28% respectively. 

Rural Electrification Corporation has reported results for fourth quarter and year ended March 31, 2012.

On the standalone basis, the company has posted a rise of 8.91% in its net profit at Rs 762.69 crore for the quarter ended March 31, 2012 as compared to Rs 700.26 crore for the same quarter in the previous year. Total income has increased by 24.31% at Rs 2867.02 crore for quarter under review as compared to Rs 2306.33 crore for the quarter ended March 31, 2011.

For the full year ended March 31, 2012, the company has posted a rise of 9.61% in its net profit at Rs 2817.03 crore for the year ended March 31, 2012 as compared to Rs 2569.93 crore for the same period in the previous year. Total income has increased by 23.70% at Rs 10509.07 crore for year under review as compared to Rs 8495.26 crore for the period ended March 31, 2011.

On the consolidated basis, the company has posted a rise of 9.82% in its net profit at Rs 2838.66 crore for the year ended March 31, 2012 as compared to Rs 2584.89 crore for the same period in the previous year. Total income has increased by 23.69% at Rs 10553.62 crore for year under review as compared to Rs 8532.20 crore for the period ended March 31, 2011.