{"id":593708,"date":"2023-07-27T09:38:59","date_gmt":"2023-07-27T04:08:59","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=593708"},"modified":"2023-07-27T10:09:39","modified_gmt":"2023-07-27T04:39:39","slug":"rec-posts-21-rise-in-q1-profit-aided-by-interest-income-on-loan-assets","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/rec-posts-21-rise-in-q1-profit-aided-by-interest-income-on-loan-assets\/","title":{"rendered":"REC posts 21% rise in Q1 profit aided by interest income on loan assets"},"content":{"rendered":"<p>BENGALURU (Reuters) &#8211; India&#8217;s state-owned infrastructure finance company REC Ltd on Wednesday reported a 20.9% rise in first-quarter profit, helped by an increase in interest income on loan assets. <\/p>\n<p>The non-banking financial company&#8217;s consolidated net profit rose to 29.68 billion rupees ($361.98 million) in the three months ended June 30, 2023, from 24.54 billion rupees a year earlier. <\/p>\n<p>The New Delhi-based company, which provides finance to state electricity boards, state utilities and all segments of the private power infrastructure, said total revenue from operations rose 16.7% to 110.88 billion rupees.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BENGALURU (Reuters) &#8211; India&#8217;s state-owned infrastructure finance company REC Ltd on Wednesday reported a 20.9% rise in first-quarter profit, helped by an increase in interest income on loan assets. The non-banking financial company&#8217;s consolidated net profit rose to 29.68 billion rupees ($361.98 million) in the three months ended June 30, 2023, from 24.54 billion rupees a year earlier. The New Delhi-based company, which provides finance to state electricity boards, state utilities and all segments of the private power infrastructure, said total revenue from operations rose 16.7% to 110.88 billion rupees.<\/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-593708","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\/593708","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=593708"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/593708\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=593708"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=593708"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=593708"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}