Rural Electrification Corporation (REC), a Navratna public sector enterprise (PSE), achieved an increase of Rs 3,552 crore and Rs. 9,959 crore in total income for the quarter and nine months respectively that ended on 31 December, 2012.
Declaring the financial results for the quarter and nine months ended 31 December, 2012, the REC board said that the corresponding figures for the quarter and nine months ended on 31 December, 2011, were Rs 2,699 crores and Rs 7,642 crores respectively. Thus, there was an increase of 32 per cent for the quarter and 30 per cent for the nine months.
Rural Electrification Corporation's unaudited financial results were approved at a meeting of the Board of Directors earlier in the day.
Profit after tax (PAT) of the company for the quarter and nine months ended on 31 December, 2012, increased to Rs 1,027 crore and Rs. 2,857 crore respectively against the corresponding quarter and nine months ended on 31 December, 2011, of Rs. 770 crore and Rs. 2,056 crore respectively Thus, there was an increase of 33 per cent for the quarter and 39 per cent for the nine months.
EPS for the nine months ending 31 December, 2012, was Rs. 28.94 while the net worth of the corporation increased to Rs 16,828 crore.
The loan asset book of the corporation as on 31 December, 2012, has increased to Rs 1,18,690 crore and the outstanding borrowings was Rs 1,01,749 crore.
The company has declared an interim dividend for the financial year 2012-13 of Rs 6.75 per equity share of Rs 10 each in February 2013.
Declaring the financial results for the quarter and nine months ended 31 December, 2012, the REC board said that the corresponding figures for the quarter and nine months ended on 31 December, 2011, were Rs 2,699 crores and Rs 7,642 crores respectively. Thus, there was an increase of 32 per cent for the quarter and 30 per cent for the nine months.
Rural Electrification Corporation's unaudited financial results were approved at a meeting of the Board of Directors earlier in the day.
Profit after tax (PAT) of the company for the quarter and nine months ended on 31 December, 2012, increased to Rs 1,027 crore and Rs. 2,857 crore respectively against the corresponding quarter and nine months ended on 31 December, 2011, of Rs. 770 crore and Rs. 2,056 crore respectively Thus, there was an increase of 33 per cent for the quarter and 39 per cent for the nine months.
EPS for the nine months ending 31 December, 2012, was Rs. 28.94 while the net worth of the corporation increased to Rs 16,828 crore.
The loan asset book of the corporation as on 31 December, 2012, has increased to Rs 1,18,690 crore and the outstanding borrowings was Rs 1,01,749 crore.
The company has declared an interim dividend for the financial year 2012-13 of Rs 6.75 per equity share of Rs 10 each in February 2013.