REC Q3 results: Net profit up 23% at Rs 2,773 cr
New Delhi: State-owned REC Ltd on Friday posted nearly 23 per cent rise in consolidated net profit at Rs 2,773.44 crore for December quarter 2021-22 mainly on the back of higher revenues. The company had logged a net profit of Rs 2,257.96 crore in the year-ago period, a BSE filing stated.
Total income rose to Rs 10,070.42 crore in the quarter from Rs 9,089.46 crore in the same period a year ago.
The company’s board in its meeting held on Friday declared third interim dividend at the rate of Rs 6 per equity share of Rs 10 each for 2021-22.
