Rural Electrification Corporation Limited (REC), declared its financial results for the quarter and nine months ended 31 December 2016. Total income of the company for the nine months ended 31 December 2016 has increased to Rs.18,117 crore, as against corresponding nine months ended 31 December 2015 of Rs.17,672 crore. Total income of the Company for the quarter ended 31 December 2016 has decreased marginally to Rs.5,958 crore, as against corresponding quarter ended 31 December 2015 of Rs.6,037 crore. Profit after Tax (PAT) is Rs. 4,927 crore as against Rs.4,468 crore for the nine months, registering an increase of 10 per cent over the corresponding nine months last year. PAT of the company for the quarter ended 31 December 2016 is Rs.1,754 crore as against Rs.1,370 crore for the quarter ended 31 December 2015, registering an increase of 28 per cent over the corresponding quarter last year. Net worth of the company as at 31 December 2016 has increased to Rs.33,553 crore as against Rs.28,014 crore, over the corresponding period last year, registering a growth of 20 per cent.
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