GOVERNMENT TO MOP UP APPROX. RS. 1600 CRORE ON WEDNESDAY BY DISINVESTING 5% STAKE IN REC
PSU

REC REGISTERS AN INCREASE OF 21% IN ITS FIRST QUARTER FINANCIAL RESULTS

sarkarimirror

Rural Electrification Corporation (REC), a Navratna Public Sector Company has declared its financial results for the quarter ended 30th June, 2015. In a meeting held on 07th Aug., 2015, the Board of Directors of the company approved the limited reviewed Financial Results.

Total Income of the company for the quarter ended on 30th June, 2015 has increased to Rs.5,710 crores as against the corresponding quarter ended on 30th June, 2014 of Rs.4,707 crores, registering an increase of 21% for the quarter.

Profit after tax of the company for the quarter ended on 30th June, 2015 has increased to Rs.1,479 crores as against the corresponding quarter ended on 30th June, 2014 of Rs.1,283 crores registering an increase of 15% for the quarter.

EPS for the quarter ended 30th June, 2015 is Rs.14.97. Net worth of the company has increased to Rs. 26,267 crores

The Loan Asset Book of the company as on 30th June, 2015 has increased to Rs. 1,86,420 crores and the outstanding borrowings is Rs.1,55,772 crores.