REC registers highest ever profit in (Q1 FY23).
Jul 26th, 2023 8:08 pm | By ThenewsmanofIndia.com | Category: SPECIAL NEWS COVERAGE
(THE NEWSMAN OF INDIA.COM)
REC Limited announced its financial results for the first quarter of FY24, reporting its highest ever profit for this period at ₹2,961 crores.
The company experienced significant growth in various operational and financial aspects compared to the same period in the previous year (Q1 FY23).
Sanctions increased by 52% to ₹90,797 crores, with the renewable sector contributing 16% of this total. Disbursements also saw a substantial rise, increasing by 174% to ₹34,133 crores. Interest income on loan assets grew by 13% to ₹10,465
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