REC’s Net Profit Up 21% YoY to ₹29 Billion in Q1 FY 2024

The company disbursed loans of ₹341.33 billion in Q1 2024, up 174% YoY

July 27, 2023

/ Rakesh Ranjan
/ Finance and M&A, Other
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REC Limited, a government-owned infrastructure finance company, posted a net profit of ₹29.61 billion (~$361.12 million) in the first quarter (Q1) of the financial year (FY) 2024, an increase of 21% year-over-year (YoY) from ₹24.47 billion (~$298.44 million).

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Rakesh Ranjan

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