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REC Registers Sanctions of Rs. 95k crore in 9MFY18

Rural Electrification Corporation (REC) Limited, a Navratna public sector company focused on financing power projects, announced its financial results for the quarter ended 31st December 2017 in a meeting held on 6th February 2018.

The Net worth of the company has increased to Rs. 36,567 crore registering a growth of 9% over the previous corresponding quarter. Disbursement of the company for the nine months ended 31st December 2017 haveincreased to Rs. 39,427 crore. Loan Book of the company has increased by 11% to Rs. 2,24,014  crore and the outstanding borrowings are Rs. 1,82,342 crore as on 31st December 2017. The Total Income of the Company as on 31st December 2017 stands at Rs. 16,893 crore and Profit after Tax (PAT) stands at Rs. 3,812 crore.Interest Coverage Ratio has been 1.55 in the third quarter ended 2018.

The book value per share of Rs. 10/- each stands at Rs. 185.15 as at 31st December 2017. Earnings per Share (EPS) for the nine months ended 31st December 2017 has been Rs. 19.30 per share of Rs. 10/- each.The Company has also declared an interim dividend for the FY 2017-18 of Rs. 7.40 per equity share of Rs. 10/- each.

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