REC quarterly net profit jumps 33% to Rs 1,026.65 crore
Rural Electrification Corporation today reported 33 per cent jump in net profit to Rs 1,026.65 crore for the three months ended December 2012.
By PTI |
MUMBAI: Rural Electrification Corporation today reported 33 per cent jump in net profit to Rs 1,026.65 crore for the three months ended December 2012.
The state-run entity had a net profit of Rs 769.51 crore in the third quarter of last financial year.
Total income in the 2012 December quarter climbed to Rs 3,552.23 crore from Rs 2,699.12 crore in the year-ago period, the company said in a filing to the BSE.
REC's board of directors has declared an interim dividend of Rs 6.75 per share for the financial year 2012-13.
"This interim dividend on equity shares will be paid on February 18, 2013," the filing said.
The company is mainly into financing and promoting rural electrification projects.
Shares of REC surged 4.69 per cent to close at Rs 247.95 on the BSE.
The state-run entity had a net profit of Rs 769.51 crore in the third quarter of last financial year.
Total income in the 2012 December quarter climbed to Rs 3,552.23 crore from Rs 2,699.12 crore in the year-ago period, the company said in a filing to the BSE.
REC's board of directors has declared an interim dividend of Rs 6.75 per share for the financial year 2012-13.
"This interim dividend on equity shares will be paid on February 18, 2013," the filing said.
The company is mainly into financing and promoting rural electrification projects.
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Shares of REC surged 4.69 per cent to close at Rs 247.95 on the BSE.
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