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Web Exclusive | June 2017

REC declares results for year ended March 31, 2017

Rural Electrification Corporation Limited (REC), a Navratna public sector company declared its financial results for the quarter and year ended March 31, 2017 as approved by its Board of Directors in the meeting held on May 30, 2017.
Accordingly, total income of the company for the period increased to Rs 24,096 crore as against corresponding year of Rs 23,757 crore. Profit before Tax (PBT) for the year ended March 31, 2017 is Rs 8,861 crore as against Rs 8,045 crore for the year ended March 31, 2016, registering an increase of 10 per cent over the corresponding last year.

Profit after Tax (PAT) of the company for the year ended March 31, 2017 is Rs 6,246 crore as against Rs 5,628 crore, for the year ended March 31, 2016, registering an increase of 11 per cent over the corresponding last year. Earnings per Share (EPS) (calculated as PAT/no. of shares) for the year ended March 31, 2017, has been Rs 31.63 per share of Rs 10 each as against Rs 28.50 per share for the year ended March 31, 2016. The Company had declared an interim dividend for the FY 2016-17 of Rs 7 per equity share of Rs 10 each.

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