REC Q1 results: Net profit jumps 23% to Rs 2,268 cr
New Delhi: REC Ltd has posted nearly 23 per cent jump in its consolidated net profit to Rs 2,268.66 crore for the June 2021 quarter, mainly due to higher revenues. The company’s consolidated net profit had stood at Rs 1,845.30 crore in the quarter ended on June 30, 2020, according to a BSE filing.
Its total income during April-June 2021 rose to Rs 9,639.98 crore, from Rs 8,136.37 crore in the year-ago period.
The firm’s board of directors in its meeting held on Thursday also approved an interim dividend at the rate of Rs 2 per share for 2021-22, and a final dividend Rs 1.71 per share for 2020-21, subject to approval in the ensuing annual general meeting (AGM).
