REC PAT increases by 32%
Rural Electrification Corporation (REC), a Navratna Public Sector Company has declared its quarterly results for the period ended 30th June, 2013. In a meeting held on 08/08/2013, the Board of Directors of the corporation approved the Limited Reviewed Financial Results.
Total Income of the company for the quarter ended on 30th June, 2013 has increased to Rs. 4,001 crores as against the corresponding quarter ended on 30th June, 2012 of Rs. 3,093 crores thus registering an increase of 29% for the quarter.
Profit after tax of the company for the quarter ended on 30th June, 2013 has increased to Rs. 1,154 crores as against the corresponding quarter ended on 30th June, 2012 of Rs. 877 crores thus registering an increase of 32% for the quarter.
EPS for the quarter ending 30th June,2013 is Rs. 11.68 per share. Net worth of the corporation has increased to Rs. 18,076 crores.
The Loan Asset Book of the corporation as on 30th June,2013 has increased to Rs. 1,32,915 Cr. and the outstanding borrowings is Rs. 1,11,104 Cr.
