Rural Electrification Corporation limited (REC), a Navratna Public Sector Company has declared its financial results for the quarter and half year ended 30th September, 2016 as approved by its Board of Directors in the meeting held on 9th November, 2016.
Total income of the company for the quarter ended 30th September, 2016 has increased to Rs. 6,109 crore as against corresponding quarter ended 30th September, 2015 of Rs. 5,925 crore registering an increase of 3 per cent.
Profit after tax of the company for the quarter ended 30th September, 2016 is Rs. 1,751 crore as against Rs. 1,619 crore for the quarter ended 30th September, 2015 registering an increase of 8 per cent over the corresponding quarter last year. Net worth of the company as at 30th September, 2016 has increased to Rs. 31,778 crore as against Rs. 27,906 crore over the corresponding period last year, registering a growth of 14 per cent.