Rural Electrification Corporation (REC) on Wednesday reported a 26.15 per cent increase in its fourth quarter net profit in 2012-13. The public sector firm recorded a profit after tax of Rs 960 crore during January-March 2013 against Rs 761 crore in the similar period of the previous year.
Total income for the fourth quarter 2012-13 increased to Rs 3,640 crore against Rs 2,867 crore in the same quarter last year.
COMPLETE YEAR
REC’s net profit increased by 35 per cent to Rs 3,818 crore for the full year 2012-13. Last year, the net profit was Rs 2,817 crore.
Total income for the year ended March 31, 2013, increased to Rs 13,599 crore as against Rs 10,509 crore last year.
The loan asset book of REC stood at Rs 1,27,356 crore and outstanding borrowings at Rs 1,07,791 crore as on March 31.
The company paid an interim dividend of Rs 6.75 per equity share in February 2013. The board has recommended a final dividend of Rs 1.50 per share for 2012-13. The total dividend (including interim dividend) for 2012-13 is Rs 8.25 per share.