Latest News | REC Net Up 23 Pc to Rs 2,692 Cr in Sept-quarter
Get latest articles and stories on Latest News at LatestLY. State-owned REC Ltd on Friday posted a nearly 23 per cent jump in net profit at Rs 2,692.27 crore for the September quarter, mainly on the back of higher revenues.
New Delhi, Oct 29 (PTI) State-owned REC Ltd on Friday posted a nearly 23 per cent jump in net profit at Rs 2,692.27 crore for the September quarter, mainly on the back of higher revenues.
The power sector NBFC had clocked a net profit of Rs 2,197.14 crore in the quarter ended September 30, 2020, it said in a BSE filing.
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Total income rose to Rs 10,056.53 crore in the quarter as against Rs 8,822.10 crore in the year-ago period.
The board declared a second interim dividend of Rs 2.50 per equity share of Rs 10 each for 2021-22.
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The record date for the interim dividend is Friday, November 12, 2021 and it be paid/dispatched on Thursday, November 25, 2021, it added.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)