REC Q1 net rises 8 pc to Rs 2,454 cr

Updated: few hours ago

New Delhi, Aug 5 (PTI) State-owned REC Ltd has posted an 8 per cent increase in its consolidated net profit at Rs 2,454.16 crore for the first quarter ended June 30, on the back of reduced expenses.

The company had clocked a net profit of Rs 2,268.66 crore during the April-June quarter of financial year 2021-22, the company said in a regulatory filing on Thursday.

Its total income, however, fell to Rs 9,506.06 crore in the quarter under review, from Rs 9,555.45 crore in the year-ago quarter.