PSU NEWS
REC net profit up 28 point 07 percent to Rs 1754 point 40 cr in Q3
Mumbai. Rural Electrification Corp (REC) on Tuesday reported a 28.07 per cent increase in its net profit to Rs 1,754.40 crore in the quarter ending on December 31, 2016 as compared to Rs 1,369.86 crore in the corresponding period last year.
The company’s total income from operations has decreased 6.17 per cent from Rs 6,017.95 crore for the quarter ended December 31, 2015 to Rs 5,646.35 crore for the quarter ended December 31, 2016.
Its total expenses also dropped 16.21 per cent from Rs 4,157.94 crore for the quarter ended December 31, 2015 to Rs 3,483.86 crore for the quarter ended December 31, 2016.
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