REC annual profit surges 35% to Rs 3,832.78 crore
The company, which primarily lends to the power sector, had a net profit of Rs 2,838.66 crore in 2011-12
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State-run Rural Electrification Corp today reported 35% jump in consolidated net profit at Rs 3,832.78 crore for the year ended March 2013.
The company, which primarily lends to the power sector, had a net profit of Rs 2,838.66 crore in 2011-12.
Consolidated total income surged to Rs 13,636.58 crore in the previous financial year from Rs 10,553.62 crore recorded in the year ended March 2012, according to a regulatory filing.
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On a standalone basis, REC's net profit climbed nearly 36% to Rs 3,817.62 crore in the last financial year. In 2011-12 period, the same stood at Rs 2,817.03 crore.
Total Income went up to Rs 13,598.67 crore in the 2012-13 period from Rs 10,509.07 crore in the same period a year ago.
The company's board has recommended a final dividend of Rs 1.50 per share for the last financial year. This would be in addition to an interim dividend of Rs 6.75 per piece. For 2012-13 period, the total dividend payout would be Rs 8.25 per scrip.
Shares of the firm closed marginally down at Rs 231.25 on the BSE.
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First Published: May 28 2013 | 8:23 PM IST