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REC's revenue from operations rises 17% to ₹13,571 cr in Q2 FY25
Millennium Post Delhi
|Delhi 27 October 2024
The Board of Directors of REC Ltd, on Saturday approved the limited reviewed standalone financial results for the second quarter of current fiscal (FY2024-25) and the half year ended on September 30, 2024.
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Operational and Financial Highlights: Q2 FY25 vs Q2 FY24 (Standalone)
The company reported 17 per cent rise in revenue from operations to Rs 13,571 crore in Q2 (July-September) FY25 against Rs 11,576 crore in Q2 FY24.
The total income rose 17 per cent to Rs 13,596 crore in Q2 FY25 against Rs 11,590 crore in Q2 FY24.
Company's Net interest income (NII) jumped 22 per cent to Rs 5,012 crore in Q2 FY25 against Rs 4,091 crore in Q2 FY24.
Loan disbursements increased by 14 per cent to Rs 47,303 crore in Q2 FY25 against Rs 41,598 crore in Q2 FY24.
In Renewable segment the company's loan disbursements rose 38 per cent to Rs 5,946 crore in Q2 FY25 against Rs 4,309 crore in Q2 FY24.
Operational and Financial Highlights: H1 FY25 vs H1 FY24 (Standalone)
REC reported 18 per cent rise in revenue from operations to Rs 26,594 crore in H1 FY25 against Rs 22,552 crore in H1 FY24.
This story is from the Delhi 27 October 2024 edition of Millennium Post Delhi.
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