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Motilal Oswal expects Rural Electrification Corporation (REC) to report a 10.5 percent growth quarter-on-quarter (rise of 17.7 percent year-on-year) in net profit at Rs 1064.2 crore.
Motilal Oswal has come with its March`13 quarterly earning estimates for financial sector. The research firm expects reforms and monetary easing to continue, thereby growth is expected to revive gradually.
"NIMs are very much sustainable, because we are growing at the rate of more than 30 percent. Our NIMs this quarter was 5.01 percent," said Rajeev Sharma, CMD, REC in an interview to CNBC-TV18.
State-controlled Rural Electrification Corporation (REC) is set declare its results for the third quarter of financial year 2012-13 on Monday. Analysts on an average expect profit after tax of the company to grow by 24 percent year-on-year to Rs 955 crore in the quarter.
Motilal Oswal has come with its December`12 quarterly earning estimates for banking sector. The research firm expects RBI to start cutting interest rates from 4QFY13.
Motilal Oswal has come with its September quarterly earning estimates for Financials sector. According to the research firm, banking coverage universe is expected to report healthy PAT growth of 19% YoY, largely driven by 23% YoY profit growth from private sector banks.
Rural Electrification Corporation is expected to report a growth of 9% year-on-year in its profit after tax of Rs 760 crore for the fourth quarter of FY12, according to CNBC-TV18 poll.
Rural Electrification Corporation (REC) has reduced its guidance for full year growth in disbursements from 25% to 16%.
Motilal Oswal has come with its December quarterly earning estimates for financial sector.
REC's director finance, HD Khunteta, tells CNBC-TV18 that he expects interest rates to fall by February 2013 which will help improve margins.
Rural Electrification Corporation has seen a bottomline growth of about 25% in the quarter with income jumping 23% to Rs 2306 crore. HD Khunteta, director-finance, tells CNBC-TV18 that the company had sanctioned Rs 65000 crore in the previous year. He expects this figure to go up 25% in the current fiscal.
Rural Electrification Corporation (REC), is to announce its fourth quarter FY11 results. According to CNBC-TV18's estimates, the company's net interest income (NII) is seen up 26% at Rs 905 crore versus Rs 717 crore.