REC Q3 net profit up 40% to Rs 664 cr
State-run Rural Electrification Corporation (REC) today posted a 40.08% growth in net profit at Rs 664.09 crore for the quarter ended December 31, 2010.
The company had a net profit of Rs 474.07 crore in the same period last year, REC said in a filing to the Bombay Stock Exchange (BSE).
Total income from operations of the company rose to Rs 2,142.33 crore in the October-December quarter from Rs 1,671.69 crore in the corresponding period a year-ago, it added.
Meanwhile, shares of REC closed at Rs 246.65 on the BSE, down 5.39% from the previous close.