REC Q4 Results Live : profit rise by 33.07% YOY
REC Q4 Results Live : Revenue increased by 22.06% YoY & profit increased by 33.07% YoY
Source: livemint.com
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Earnings Impact: REC jumps 9.5% to record high on strong Q4 results, soars 30.5% in 8 sessions
REC stock surges 9.5% to ₹555.45 on strong Q4FY24 results, 33% YoY jump in net profit to ₹4,079 crore. Revenue grows 25% YoY. Scrip up 336% from 52-week low. Company aims to be NPA-free by FY25 with debt-raising plan of ₹1.6 lakh crore.
Source: livemint.com
REC records highest ever quarterly profit of ₹3,001 crore
Aided by growth in profits, the Net Worth has grown to ₹57,680 crores as on 31st March 2023, an increase of 13% YoY.
Source: freepressjournal.in