Rural Electrification Corporation announced a marginal decline in standalone net profit for the quarter ended March 2015. During the quarter, the profit of the company declined 7.98% to Rs 10,965.00 million from Rs 11,916.40 million in the same quarter previous year.
Revenues for the quarter rose 20.05% to Rs 53,334.00 million, compared with Rs 44,425 million for the prior year period.
Earnings per share for the quarter stood at Rs 11.10, registering 8.04% decline over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Mar - 15 | Mar - 14 | %Change |
| Revenues | 53,334.00 | 44,425.10 | 20.05 |
| Net Profit | 10,965.00 | 11,916.40 | (7.98) |
| Diluted EPS | 11.10 | 12.07 | (8.04) |
Shares of the company declined Rs 6.15, or 2.03%, to settle at Rs 296.15. The total volume of shares traded was 815,123 at the BSE (Friday).
