State-owned Rural Electrification Corporation (REC) reported 25 per cent increase in its second quarter net profit to Rs 618.21 crore,up from Rs 494.36 crore in the same period last fiscal.
REC’s total income increased to Rs 2,082.12 crore during the second quarter ended September 2010,up from Rs 1,622.95 crore in Q2 of the previous fiscal,the company said in a statement.
For six-month ending September 30,the company’s profit after tax rose by 24.77 per cent to Rs 1,205.57 crore compared to Rs 966.18 crore of the same period a year ago.
REC’s total income for first half of the current financial year climbed by 28 per cent to Rs 4,010.89 crore,from Rs 3,131.85 crore in the corresponding period of last fiscal.
Shares of REC were quoting at Rs 379.60,down by 0.97 per cent in the afternoon trade on the National Stock Exchange.