REC Q4 results: Co reports multifold jump in net profit at Rs 2,077 crore
NEW DELHI: State-owned REC’s consolidated net profit jumped multifold to Rs 2,077.84 crore in the March 2021 quarter, mainly on the back of higher revenues. The company’s consolidated net profit had stood at Rs 473.99 crore in the quarter ended on March 31, 2021, according to a BSE filing.
Its total income in January-March 2021 rose to Rs 9,215.76 crore, compared with Rs 7,785.59 crore in the year-ago period.
For the full financial year 2020-21, the firm’s consolidated net profit stood at Rs 8,378.24 crore; compared with Rs 4,972.27 crore in 2019-20.
