REC has reported results for second quarter ended September 30, 2019.
The company has reported 25.95% fall in its net profit at Rs 1306.76 crore for the quarter under review as compared to Rs 1764.81 crore for the same quarter in the previous year. However, Total income of the company increased by 18.74% at Rs 7425.27 crore for Q2FY20 as compared Rs 6253.42 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported a fall of 23.68% in its net profit at Rs 1322.47 crore for the quarter under review as compared to Rs 1732.75 crore for the same quarter in the previous year. However, Total income of the company increased by 19.82% at Rs 7483.75 crore for Q2FY20 as compared Rs 6246.05 crore for the corresponding quarter previous year.
