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REC Limited records highest ever annual net profit (UPDATED)
The Board of Directors of REC Limited, a Maharatna Central Public Sector Enterprise and leading NBFC under the Ministry of Power, approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2024. Highlights: Operational and Financial Highlights: Q4 FY24 vs Q4 FY23 (Standalone); Revenue from operations: ₹ 12,613 crores vs. ₹ 10,113 crores, up 25% Total income: ₹ 12,643 crores vs. ₹ 10,124 crores, up 25%; Net interest income: ₹ 4,407 crores vs. ₹ 3,409 crore, up 29% Net Profit: ₹ 4,016 crores vs. ₹ 3,001 crore, up 34%.
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