New Delhi, Aug. 4 -- The Board of Directors of REC Limited, today approved the unaudited standalone and consolidated financial results for Q1 FY23.

Operational and Financial Highlights -Q1 FY23 vs Q1 FY22 (Standalone)

Net Interest Income: Rs. 3,880 crores vs. Rs. 3,777 crores, up 3%

Net Profit: Rs. 2,447 crores vs. Rs. 2,247 crores, up 9%

Owing to the stable income, effective cost management and resultant quarterly profit, the Earnings Per Share for the quarter ended 30th June 2022 increased to Rs. 49.57 as against Rs. 45.50 per as at 30th June 2021. Aided by growth in profits, the Net Worth has grown to Rs. 52,600 crores as on 30th June 2022, an increase of 15% YoY.With revival of economy and impetus of the Government, REC has been a...