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REC Q3 net profit jumps by 16pct

Power News - Published on Mon, 11 Feb 2019

Image Source: Devdiscourse
State owned power sector lender Rural Electrification Corporation posted a 16 per cent jump in standalone net profit at INR 1,274 crore for the quarter ended December 2018 as against a net profit of INR 1,096 crore posted in the corresponding quarter last fiscal. The company's total income also jumped 28 per cent to INR 7,257 crore for the December quarter as compared to INR 5,637 crore posted in the same quarter last fiscal.

The power projects financier said its total interest expenditure during the quarter grew 8 per cent to INR 4,081 crore as compared to INR 3,778 crore in spent in the same quarter last fiscal.

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Posted By : Rabi Wangkhem on Mon, 11 Feb 2019
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