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The State-run Rural Electrification Corporation on Wednesday posted a 40.08 per cent growth in net profit at Rs 664.09 crore for the quarter ended December 31, 2010.
The company had a net profit of Rs 474.07 crore in the same period last year, Rural Electrification Corporation (REC) said in a filing to the Bombay Stock Exchange.
Total income from operations of the company rose to Rs 2,142.33 crore in the October-December quarter from Rs 1,671.69 crore in the corresponding period a year-ago, it added.
Meanwhile, shares of REC closed at Rs 246.65 on the BSE, down 5.39 per cent from the previous close.
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