Higher revenues drive REC profits up 23 per cent to Rs 2,269 crore in April-June period
NEW DELHI: Power sector financier REC Ltd recorded a nearly 23% increase in its consolidated net profit for the quarter ended June 2021 (Q1FY21) at Rs 2,268.66 crore.
According to the stock exchange filings, the profit was driven primarily by higher revenues during the quarter compared to the previous year. In Q1 of the previous year, REC’s consolidated net profit had stood at Rs 1,845.30 crore.
