New Delhi: State-owned Rural Electrification Corporation (REC) Ltd posted around 50 per cent jump in standalone net profit to Rs 1,256.13 crore in the March 2019 quarter, mainly on the back of higher income.
The company’s standalone net profit for the quarter ended March 31, 2018, was Rs 839.40 crore, a Bombay Stock Exchange (BSE) filing said. Its total income increased to Rs 6,685.90 crore in the March quarter, compared with Rs 5,948.09 crore a year ago.
