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REC reports 33% rise in Q4 consolidated net profit
Apr-30-2024

REC has reported results for fourth quarter (Q4) and year ended March 31, 2024.

The company has reported 33.84% rise in its net profit at Rs 4,016.30 crore for the quarter under review as compared to Rs 3,000.91 crore for the same quarter in the previous year. Total income of the company increased by 24.89% at Rs 12,643.31 crore for Q4FY24 as compared Rs 10,123.96 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 33.07% rise in its net profit at Rs 4,079.09 crore for fourth quarter ended March 31, 2024 as compared to Rs 3,065.37 crore for the same quarter in the previous year. Total income of the company increased by 23.91% at Rs 12,706.66 crore for Q4FY24 as compared Rs 10,254.63 crore for the corresponding quarter previous year. 

For the year ended March 31, 2024, the company has reported 26.82% rise in its net profit at Rs 14,019.21 crore as compared to Rs 11,054.64 crore for the previous year. Total income of the company increased by 20.28% at Rs 47,214.15 crore for year under review as compared to Rs 39,252.73 crore for year ended March 31, 2023.

For the year ended March 31, 2024, on the consolidated basis, the company has reported 26.67% rise in its net profit at Rs 14,145.46 crore as compared to Rs 11,166.98 crore for the previous year. Total income of the company increased by 20.37% at Rs 47,571.23 crore for year under review as compared to Rs 39,520.16 crore for year ended March 31, 2023.

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