REC Achieves Highest Ever Half Yearly Profit

REC declares second interim dividend of ₹4.00 per share…

Owing to growth in all the verticals, resetting of interest rates on loan assets and effective management of Finance Cost, REC has been able to maintain its spreads and NIMs resulting in robust half yearly profit after tax of 7,448 crore. As a result, the Earnings Per Share (EPS) for the period ended September 30, 2024 accelerated to28.28 (Annualized 56.56) per share as against25.57 (Annualized `51.14) per share as at September 30, 2023.

Aided by growth in profits, the Net Worth of the company has grown to 72,893 crores as on September 30, 2024, as compared to63,117 crore as on Sept 30,2023 registering an increase of 15% YoY.

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