Rural Electrification Corporation Q2 FY11 Results : Net profit rises 25.05%

by khalid on 30/10/2010 · 0 comments

Rural Electrification Corporation (REC) has posted a phenomenal increase in net profit for the period Q2 (ending Sep 2010) of the current fiscal (FY11). During the said quarter, net profit rises 25.05% to Rs 618.21 crore in comparison to the Rs 494.36 crore of Q2 (ending Sep 09) of previous year(FY10). Rural Electrification Corporation Limited (REC) is a public financial institution. The Company provides interest-bearing loans to state electricity boards (SEBs), state power utilities/state power departments and private sector for development of all segments of power infrastructure.

The company informed the share market(BSE) that the net sales increased 29.71% to Rs 1987.67 crore in quarter ended Sep 2010 when compared with the last years same quarter ended Sep 2009 which was Rs 1532.44 crore.

Share’s Data :-
BSE Code : 532955
Mkt. Cap : Rs 36,498.00 Crores
Hindustan Unilever Ltd. share’s CMP is Rs 369.60 on 29th Oct 2010.

Source :- BelltheBull

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