REC net down 26 pc at Rs 1,296 cr in October-December quarter

State-run Rural Electrification Corp's (REC) standalone net profit dipped 26 per cent to Rs 1,296.41 crore in the quarter ended December 2017.
The company's net profit stood at Rs 1,754.40 crore in the corresponding quarter of the previous fiscal, REC said in a BSE filing today.
The financial results for the third quarter were approved by its board and an interim dividend of Rs 7.40 per equity share of Rs 10 each for 2017-18 was also declared, it said.
According to the statement, total revenue of the company also declined to Rs 5,602.74 crore in the third quarter from Rs 5,957.75 crore a year ago.

The net profit of the company during April-December period this fiscal too fell to Rs 3,812.21 crore from Rs 4,926.53 crore in the same period a year ago.
The company's net profit in the last fiscal stood at Rs 6,245.76 crore.
REC is mainly engaged in financing power sector projects.