State-run company Rural Electrification Corporation (REC) has announced its results for the quarter ended September 2010. It has reported net profit at Rs 618.2 crore as against Rs 494.4 crore, a growth of 25.04% on year-on-year basis (YoY).
Net sales jumped 29.71% to Rs 1,987.7 crore from Rs 1,532.4 crore (YoY).
Topline was better-than-expectations while bottomline was in-line with estimates; CNBC-TV18 expected net profit at Rs 613 crore and net sales at Rs 832.5 crore.
Source: moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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