{"id":577383,"date":"2023-05-18T09:38:44","date_gmt":"2023-05-18T04:08:44","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=577383"},"modified":"2023-05-18T10:11:55","modified_gmt":"2023-05-18T04:41:55","slug":"rec-net-profit-grows-33-yoy-to-rs-3065-37-crore-in-jan-mar-quarter","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/rec-net-profit-grows-33-yoy-to-rs-3065-37-crore-in-jan-mar-quarter\/","title":{"rendered":"REC net profit grows 33% YoY to Rs 3,065.37 crore in Jan-Mar quarter"},"content":{"rendered":"<p>State-owned REC Ltd on Wednesday posted a 33 per cent rise in its consolidated net profit to Rs 3,065.37 crore during March FY 2022-23 quarter, on account of higher income.<\/p>\n<p>The company had clocked a net profit of Rs 2,301.33 crore during the January-March quarter of FY 2021-22, REC said in a regulatory filing.<\/p>\n<p>The company&#8217;s total income during the fourth quarter rose to Rs 10,254.63 crore from Rs 9,655.99 crore in the year-ago period. Total expenses reduced to Rs 6,353.40 crore as against Rs 6,798.68 crore.<\/p>\n<p>For the entire FY23, the net profit was at Rs 11,166.98 crore, up from Rs 10,035.70 crore in FY22.<\/p>\n<p>The income also rose to Rs 39,520.16 crore from Rs 39,339.20 crore a year earlier.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State-owned REC Ltd on Wednesday posted a 33 per cent rise in its consolidated net profit to Rs 3,065.37 crore during March FY 2022-23 quarter, on account of higher income. The company had clocked a net profit of Rs 2,301.33 crore during the January-March quarter of FY 2021-22, REC said in a regulatory filing. The company&#8217;s total income during the fourth quarter rose to Rs 10,254.63 crore from Rs 9,655.99 crore in the year-ago period. Total expenses reduced to Rs 6,353.40 crore as against Rs 6,798.68 crore. For the entire FY23, the net profit was at Rs 11,166.98 crore, up [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-577383","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/577383","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=577383"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/577383\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=577383"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=577383"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=577383"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}