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REC reports 17% rise in Q1 consolidated net profit

29 Jul 2024 Evaluate

REC has reported results for first quarter ended June 30, 2024 (Q1FY25). 

The company has reported 16.27% rise in net profit at Rs 3,442.45 crore for Q1FY25 as compared to Rs 2,960.73 crore for the same quarter in the previous year. Total income of the company increased by 18.73% at Rs 13,037.16 crore for Q1FY25 as compared to Rs 10,980.63 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 16.58% rise in its net profit at Rs 3,460.19 crore for the quarter ended June 30, 2024 as compared to Rs 2,968.05 crore for the same quarter in the previous year. Total income of the company increased by 17.86% at Rs 13,092.44 crore for Q1FY25 as compared to Rs 11,108.15 crore for the corresponding quarter previous year.


Peers
Company Name CMP
Power Finance Corpn. 344.40
REC 308.00
NHIT 171.00
Satin Creditcare Net 214.80
IFCI 76.96
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