New Delhi, May 24 : Rural Electrification Corporation (REC), a Navratna Public Sector Company has declared its quarterly/yearly results for the period ended 31st March, 2012. In a meeting held on 23/05/2012 the Board of Directors of the corporation approved the Audited Financial Results.
Total Income of the company for the quarter and Financial year ended on 31st March, 2012 has increased to Rs. 2,867 crores and Rs. 10,509 crores as against the corresponding quarter and Financial year ended on 31st March, 2011 of Rs. 2,306 crores and Rs. 8,495 crores thus registering an increase of 24% for the quarter and for the whole year.
Profit after tax of the company for the quarter and Financial year ended on 31st March, 2012 has increased to Rs. 763 crores and Rs. 2,817 crores as against the corresponding quarter and financial year ended on 31st March, 2011 of Rs. 700 crores and Rs. 2,570 crores thus registering an increase of 9% for the quarter and 10% for the financial year 2011-12 respectively.
EPS for the year ending 31st March, 2012 is Rs. 28.53 per share. Net worth of the corporation has increased by 15% from Rs. 12,788 crores to Rs. 14,745 crores.