Rural Electrification Corporation 's (REC) net profit rose higher than expected
32.4% year-on-year to Rs 876.7 crore in the quarter ended June 2012. Analysts
on an average had expected at around Rs 764 crore.
Net interest income increased 29.5% to Rs 1,082.5 crore from
Rs 835.7 crore during the same period, which was in-line with analysts'
expectations of Rs 1,085 crore.
REC has reported a forex loss of Rs 37.4 crore in the first
quarter of FY13 as against Rs 7.2 crore in a year ago period.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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