Rural Electrification Corporation (REC) Q3 FY10 : Net up 48.77%

by khalid on 16/01/2010 · 0 comments

Rural Electrification Corporation Ltd. (REC) is engaged in to provide financial assistance to State Electricity Boards, State Government Departments and Rural Electric Cooperatives for rural electrification projects. The company is a Estate owned company. The company has posted an increase in net profit for the period Q3 (ending Dec 09) of the current fiscal (FY10). During the said quarter, net profit rose 48.77% to Rs 474.07 crores in comparison to the Rs 318.65 crores of Q3 (ending Dec 08) of previous year(FY09).

The company informed the market that the net sales increased 32.63% to Rs 1653.20 crores in Q3 FY10 when compared with the same quarter Q3 FY09 of previous year. Net sales was Rs 1246.51 crores in last year’s quarter.

Share’s Data :
BSE Code : 532955
Mkt. Cap: Rs 22910 Crores
P/E: 18.25
EPS: 14.81
Face Value : Rs 10
Last Dividend : 30% on Dec 2009
52 Week H/L : Rs 272.95 / 73.65
Rural Electrification Corporation (REC) share’s CMP is Rs 266.80 on 15th Jan 2010.

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