(20 second reading) State-owned REC Ltd on April 30 reported a net profit of Rs 4,079.09 crore for the quarter ending March 31, 2024, which is about 33 percent higher as compared to the year-ago period.
The company’s net profit in the fourth quarter of the previous fiscal stood at Rs 3,065.37 crore.
Its total income for the fourth quarter came at Rs 12,706.66 crore from Rs 10,254.63 crore in the year-ago period. Shares of the state-owned company ended at Rs 509 on the NSE, up 9.94 percent.
For the entire FY24, the company’s net profit was Rs 14,145.46 crore, up from Rs 11,166.98 crore in FY23.