Gurugram (28.10.2022): The Board of Directors of REC Ltd approved the unaudited standalone and consolidated financial results for Q2 FY 2022-23. The income of REC has witnessed an increase of 5 per cent from ₹9,469 crore in Q1 to ₹9,949 crore in Q2 while net profit was up 11 per cent from ₹2,447 crore in Q1 to ₹2,728 crore in Q2 for FY 23. Given the consistent operational and business excellence, the Company was recently conferred the status of ‘Maharatna’ – the highest recognition for a Central Public Sector Enterprise (CPSE).
Owing to the stable income, effective cost management and resultant quarterly profit, the Earnings Per Share for the quarter ended September 30, 2022 stands at ₹41.44 per share as against ₹37.16 per share as on June 30, 2022. Aided by its strong performance, the Net Worth of the Company has swelled to ₹53,457 crore as on September 30, 2022 an increase of 2% Q-o-Q.
Gurugram (28.10.2022): The Board of Directors of REC Ltd approved the unaudited standalone and consolidated financial results for Q2 FY 2022-23. The income of REC has witnessed an increase of 5 per cent from ₹9,469 crore in Q1 to ₹9,949 crore in Q2 while net profit was up 11 per cent from ₹2,447 crore in Q1 to ₹2,728 crore in Q2 for FY 23. Given the consistent operational and business excellence, the Company was recently conferred the status of ‘Maharatna’ – the highest recognition for a Central Public Sector Enterprise (CPSE).
Owing to the stable income, effective cost management and resultant quarterly profit, the Earnings Per Share for the quarter ended September 30, 2022 stands at ₹41.44 per share as against ₹37.16 per share as on June 30, 2022. Aided by its strong performance, the Net Worth of the Company has swelled to ₹53,457 crore as on September 30, 2022 an increase of 2% Q-o-Q.
