Thursday, January 26, 2012

Rural Electrification Corporation Limited - Q2 FY 2012 RESULTS - NET SALES UP 27% YoY; NPT UP 16%


Rural Electrification Corporation Limited
NSE Symbol        RECLTD

RURAL ELECTRIFICATION CORPORATION LTD  has declared its results for the third quarter ending Dec,2011.

Net Sales stands at Rs.2650.08 cr -  up by  5.39% from Q2 FY 12 and up by 27.04% from Q3 FY 11. Thus, the growth is reasonably good. We can see consistent growth pattern for al five quarters below.

Total Expenditure  stands at just Rs.15.34 – helped by a Negative other Expenditure of –Rs.53.35 cr – down by -91.04% from Q2 FY 12; and down by -60.28% from Q3 FY 11.

Profit from Operations     stands at Rs.2648.34 cr – up by  12.17% from Q2 FY 12; and up by  25.89% from Q3 FY 11.

Interest       expense stands at Rs.1644.93 cr – up by  5.12% from Q2 FY 12; and up by 32.87% from Q3 FY 11.

Profit  before tax stands at Rs.1038.85 cr –  up by 24.55% from Q2 FY 12 and up by  15.24% from Q3 FY 11.

Tax expense stands at Rs.269.34 cr – up by 27.53% from Q2 FY 12; and up by  13.47% from Q3 FY 11.

Net Profit  stands at Rs.769.51 cr – compared to Rs.622.87 cr in Q2 FY 12 (up by 23.54%) and compared to Rs.664.09 cr in Q3 FY 11 (Up by 15.87%).

Basic EPS stands at Rs.7.79; compared to Rs.6.31 in Q2 FY 12; Rs.6.7 in Q1 FY 12; Rs.7.1 in Q4 FY 11; and Rs.6.72 in Q3 FY 11.

The annual EPS amounts to Rs.28.59.

The current Market Price stands at Rs.201.85 while the 52 week high price  is Rs.288.60 and the 52 week low price  is Rs.143.50

The PE Ratio works out to Rs.7.06.

ANNOUNCEMENTS BY RECL

25-01-2012          Rural Electrification Corporation Limited has informed the Exchange that the Board of Directors of the Company in its meeting held on January 25, 2012 have declared and approved payment of an Interim Dividend of Rs. 5/- ((Rupees Five only) per Equity Share (on the face value of the fully paid-up equity share of Rs. 10 each) of the Company for the year 2011-12. This Interim Dividend on equity share, subject to the provisions of Section 206A of the Companies Act, 1956, will be paid on February 07, 2012.        -

25-01-2012          Rural Electrification Corporation Limited has informed the Exchange regarding the standalone Results for the quarter ended on 31-DEC-2011 as follows: Net Sales of Rs. 265008 lacs for quarter ending on 31-DEC-2011 against Rs. 208598 lacs for the quarter ending on 31-DEC-2010. Net Profit / (Loss) of Rs. 76951 lacs for the quarter ending on 31-DEC-2011 against Rs. 66409 lacs for the quarter ending on 31-DEC-2010.

RESULTS TABLE

RURAL ELECR
31-Dec-11
30-Sep-11
%DIF1
30-Jun-11
31-Mar-11
31-Dec-10
%DIF2
Net Sales
265008
251452
5.39
231286
215805
208598
27.04
Other Oprting Income
1360
1761
-22.77
2173
3028
5635
-75.87
Employees Cost
6797
3024
124.8
3310
4677
2867
137.08
Depreciation
72
87
-17.24
74
78
77
-6.49
Other Expenditure
-5335
14001
-138.1
4016
859
918
-681.15
Total Expenditure
1534
17112
-91.04
7400
5614
3862
-60.28
Profit from Operations
264834
236101
12.17
226059
213219
210371
25.89
Other Income
3544
3792
-6.54
3829
11800
3571
-0.76
Interest
164493
156487
5.12
140315
130425
123797
32.87
Profit  before tax
103885
83406
24.55
89573
94594
90145
15.24
Tax expense
26934
21119
27.53
23377
24568
23736
13.47
Net Profit
76951
62287
23.54
66196
70026
66409
15.87
Face Value (In Rs
10
10
0
10
10
10
0
Paid Up Equity
98746
98746
0
98746
98746
98746
0
Basic EPS
7.79
6.31
23.45
6.7
7.1
6.72
15.92
Public holding (%)
33.2
33.2
0
33.2
33.2
33.2
0

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