 "Rural Electrification Corp Q1 net profit down 8.42% at Rs 1,301.14 crore")
The company's net profit was Rs 1,420.86 crore in the quarter ended June 30, 2016, REC said in a BSE filing today.
According to statement, the interest income of the REC decreased to Rs 5,463.23 crore in the quarter under review from Rs 5,889.52 crore in the year-ago period.
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The company's main business is to provide finance to the power sector.
Shares of the company ended 0.92 per cent up at Rs 165.3 on BSE.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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