REC Q4FY25 Results, May 8 -- Rural Electrification Corporation (REC) released its March quarter performance on Thursday, May 08, reporting a 5.6% YoY jump in its consolidated net profit at Rs.4309 crore, while the Net interest income (NII) improved by 38% YoY to Rs.5,877 crore. The company's Board of Directors recommended a final dividend of Rs.2.60 per equity share.
The power sector financier had posted a net profit of Rs.4,079.09 crore in the January-March period of 2023-24. Total income increased to Rs.15,348.37 crore in the fourth quarter of FY25 from Rs.12,706.66 crore in the same period a year ago, according to an exchange filing by the company.
(more to come)
Published by HT Digital Content Services with permission from MINT....
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.