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REC trades jubilantly on reporting 13% rise in Q3 consolidated net profit
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REC is currently trading at Rs. 470.70, up by 36.35 points or 8.37% from its previous closing of Rs. 434.35 on the BSE.
The scrip opened at Rs. 440.75 and has touched a high and low of Rs. 470.70 and Rs. 435.70 respectively. So far 577884 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 484.00 on 23-Jan-2024 and a 52 week low of Rs. 110.50 on 14-Feb-2023.
Last one week high and low of the scrip stood at Rs. 484.00 and Rs. 411.50 respectively. The current market cap of the company is Rs. 121562.79 crore.
The promoters holding in the company stood at 52.63%, while Institutions and Non-Institutions held 34.80% and 12.56% respectively.
REC has reported 13.59% rise in net profit at Rs 3269.31 crore for the quarter ended December 31, 2023 as compared to Rs 2878.08 crore for the same quarter in the previous year. Total income of the company increased by 23.56% at Rs 12000.05 crore for Q3FY24 as compared Rs 9,711.71 crore for corresponding quarter of the previous year.
On consolidated basis, the company reported 13.48% rise in its net profit at Rs 3,308.42 crore for third quarter ended December 31, 2023 as compared to Rs 2,915.33 crore for the same quarter in the previous year. Total income of the company increased by 23.24% at Rs 12,071.54 crore for Q3FY24 as compared Rs 9,795.47 crore for corresponding quarter of the previous year.
