REC Ltd, which is one of the leading non-banking financial companies (NBFC) in the energy sector, has registered its highest ever annual profit during the financial year 2023-24, owing to a reduction in stressed assets and diversification into newer business areas.
During the financial year 2023-24, REC clocked a net profit of Rs 14,019 crore as against Rs 11,055 crore in FY23, showing growth of 27 per cent. In the same period, its net income was up by 49 per cent to Rs 15,063 crore.
