REC’s net profit was up 33% at Rs1026.65 in the December 2012 quarter
Rural Electrification Corporation (REC), a government-owned company, has posted total income from operations of Rs3533.68 crore in the December 2012 quarter. Its income was 32% up from Rs2682.26 crore in the same quarter of the previous year, according to the company’s filing with the Bombay Stock Exchange (BSE).
Its net profit was up 33% at Rs1026.65 in the December quarter against Rs769.51 crore in the same quarter of the previous year.
On the BSE, the closing price of the REC scrip was Rs247.95, up 4.69% from the previous close.
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