REC posts Rs 762-crore net profit in Q4

Rural Electrification Corp on Wednesday reported nearly nine per cent increase in net profit at Rs 763 crore in the fourth quarter ended March. The power sector lender had a net profit of Rs 700.3 crore in the year-ago period. The company's total income in the March 2012 quarter increased to Rs 2,867.02 crore from Rs 2,306 crore in the same period a year ago.