REC posts 66% jump in net profit at Rs 2,197 cr in September quarter
State-owned REC on Friday posted over 66 per cent jump in its consolidated net profit to Rs 2,197.14 crore for the September 2020 quater.
Its consolidated net profit had stood at Rs 1,322.47 crore in the corresponding quarter of the previous financial year, according to a BSE filing.
The company’s total income during July-September 2020 rose to Rs 8,822.10 crore, from Rs 7,659.30 crore in the year-ago period.
Its board also approved the payment of an interim dividend of Rs 6 per equity share for 2020-21.
The company said the current crisis will not significant impact the company’s ability to maintain its operations, including the going concern assessment, it said.
