REC zooms on reporting 21% rise in Q1 consolidated net profit
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REC is currently trading at Rs. 187.15, up by 13.70 points or 7.90% from its previous closing of Rs. 173.45 on the BSE.
The scrip opened at Rs. 174.85 and has touched a high and low of Rs. 188.75 and Rs. 173.35 respectively. So far 1880981 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 188.75 on 27-Jul-2023 and a 52 week low of Rs. 91.00 on 17-Oct-2022.
Last one week high and low of the scrip stood at Rs. 188.75 and Rs. 160.05 respectively. The current market cap of the company is Rs. 49438.78 crore.
The promoters holding in the company stood at 52.63%, while Institutions and Non-Institutions held 33.96% and 13.41% respectively.
REC has reported 20.98% rise in its net profit at Rs 2960.73 crore for first quarter ended June 30, 2023 (Q1FY24) as compared to Rs 2447.26 crore for the same quarter in the previous year. Total income of the company increased by 15.80% at Rs 10964.26 crore for Q1FY24 as compared Rs 9468.51 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 20.94% rise in net profit at Rs 2968.05 crore for the quarter ended June 30, 2023 as compared to Rs 2454.16 crore for the same quarter in the previous year. Total income of the company increased by 16.68% at Rs 11091.77 crore for Q1FY24 as compared Rs 9506.06 crore for the corresponding quarter previous year.
