{"id":614460,"date":"2023-11-03T09:31:17","date_gmt":"2023-11-03T04:01:17","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=614460"},"modified":"2023-11-03T10:05:27","modified_gmt":"2023-11-03T04:35:27","slug":"rec-registers-highest-ever-quarterly-profit-at-rs-3773-crore-in-q2fy24","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/rec-registers-highest-ever-quarterly-profit-at-rs-3773-crore-in-q2fy24\/","title":{"rendered":"REC registers highest ever quarterly profit at Rs 3,773 crore in Q2FY24"},"content":{"rendered":"<p>State-owned power sector financing company REC Ltd posted its highest ever quarterly profit at Rs 3,773 crore during the second quarter of the financial year 2023-24. The profit was up 28 per cent over corresponding period in financial year 2022-23. <\/p>\n<p>The company in a public statement said the increase in profit was owing to the \u201cimproving asset quality, increase in lending rates and effective management of finance cost\u201d. <\/p>\n<p>\u201cAs a result, the annualised earnings per share for the quarter ended September 30, 2023 accelerated to \u20b951.14 per share as against \u20b939.32 per share as at September 30, 2022,\u201d it said. The company also said its net worth has also grown by 18 per cent to Rs 63,117 crore.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State-owned power sector financing company REC Ltd posted its highest ever quarterly profit at Rs 3,773 crore during the second quarter of the financial year 2023-24. The profit was up 28 per cent over corresponding period in financial year 2022-23. The company in a public statement said the increase in profit was owing to the \u201cimproving asset quality, increase in lending rates and effective management of finance cost\u201d. \u201cAs a result, the annualised earnings per share for the quarter ended September 30, 2023 accelerated to \u20b951.14 per share as against \u20b939.32 per share as at September 30, 2022,\u201d it said. [&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-614460","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\/614460","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=614460"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/614460\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=614460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=614460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=614460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}