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REC soars on reporting 17% rise in Q1 consolidated net profit
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REC is currently trading at Rs. 638.00, up by 12.45 points or 1.99% from its previous closing of Rs. 625.55 on the BSE.
The scrip opened at Rs. 624.95 and has touched a high and low of Rs. 639.45 and Rs. 615.55 respectively. So far 600579 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 653.90 on 12-Jul-2024 and a 52 week low of Rs. 188.00 on 28-Jul-2023.
Last one week high and low of the scrip stood at Rs. 639.45 and Rs. 566.45 respectively. The current market cap of the company is Rs. 167841.70 crore.
The promoters holding in the company stood at 52.63%, while Institutions and Non-Institutions held 35.16% and 12.20% respectively.
REC has reported 16.27% rise in net profit at Rs 3,442.45 crore for the first quarter ended June 30, 2024 (Q1FY25) as compared to Rs 2,960.73 crore for the same quarter in the previous year. Total income of the company increased by 18.73% at Rs 13,037.16 crore for Q1FY25 as compared to Rs 10,980.63 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 16.58% rise in its net profit at Rs 3,460.19 crore for the quarter ended June 30, 2024 as compared to Rs 2,968.05 crore for the same quarter in the previous year. Total income of the company increased by 17.86% at Rs 13,092.44 crore for Q1FY25 as compared to Rs 11,108.15 crore for the corresponding quarter previous year.
