REC’s Profit Surges to ₹7,448 Crore

Hyderabad: REC Limited has reported strong profits for the first half of the financial year. This success is due to growth in all its business areas, adjustments in loan interest rates, and good financial management. As a result, the company achieved a profit after tax of ₹7,448 crore for the six months ending on September 30.

The company’s earnings per share (EPS) also saw a rise. For this period, the EPS increased to ₹28.28, which would be ₹56.56 on an annual basis. This is higher compared to ₹25.57 (or ₹51.14 annualized) during the same period last year.

To show appreciation to its shareholders, REC’s board of directors has announced a second interim dividend. The dividend will be ₹4 per equity share, each with a face value of ₹10.