Shares of Rural Electrification Corporation were trading marginally up in the late morning session on Monday after the company reported a significant improvement in net profit for Q1FY19 due to a one-time income from other sources.
Net profit of the company during the first quarter of FY19 rose 36.5% yoy to 1,496cr, while Net interest income fell 10.5% yoy to Rs2,041cr. Further, its Loan book at the end of Q1FY19 stood at Rs2.42 lakhcr and gross NPAs stood at 8.12%, up 552bps yoy. Net NPAs at the end of Q1FY19 stood at 4.27%, up 255bps yoy.
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