REC Q1 results: Net profit rises 22% to Rs 1,845 crore
NEW DELHI: State-owned REC Ltd NSE -0.89 % on Friday posted a 22.28 per cent increase in its consolidated net profit to Rs 1,845.30 crore in the quarter to June 2020, on account of higher revenues. Its consolidated net profit was Rs 1,509 crore in the same quarter a year ago, the company said in a BSE filing.
Total income rose to Rs 8,448.08 crore in the period under review from Rs 6,819.59 crore in the June quarter last year.
