REC Ltd Q4FY24 net profit soars 34% to Rs 4,016 cr
New Delhi, May 1 -- Public infrastructure finance company REC Limited reported a net profit of Rs 4,016 crores for the fourth quarter of fiscal year 2024, an increase of 34% from Rs 3,001 crores recorded in the same period of the previous fiscal year.
Revenue from operations surged to Rs 12,613 crores, marking a notable uptick of 25% from Rs 10,113 crores in the corresponding period of the previous year.
Similarly, total income soared to Rs 12,643 crores, reflecting a robust growth of 25% compared to Rs 10,124 crores in the fourth quarter of the previous fiscal year.
Net interest income, a critical indicator of the companys financial health, witnessed a significant upswing, reaching Rs 4,407 crores, up by 29% from Rs 3,409 crores in th...
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