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REC reports 11% rise in Q4 consolidated net profit

Total consolidated income of the company increased by 4.75% at Rs 9653.27 crore for Q4FY22

REC has reported results for fourth quarter and year ended March 31, 2022.

The company has reported a rise of 10.55% in its net profit at Rs 2287.88 crore for the quarter under review as compared to Rs 2069.63 crore for the same quarter in the previous year. Total income of the company increased by 4.93% at Rs 9601.57 crore for Q4FY22 as compared Rs 9149.84 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 10.76% in its net profit at Rs 2301.33 crore for the quarter under review as compared to Rs 2077.84 crore for the same quarter in the previous year. Total income of the company increased by 4.75% at Rs 9653.27 crore for Q4FY22 as compared Rs 9215.92 crore for the corresponding quarter previous year.

For the year ended March 31, 2022, the company has reported a rise of 20.14% in its net profit at Rs 10045.92 crore as compared to Rs 8361.78 crore for the previous year. Total income of the company increased by 10.79% at Rs 39230.45 crore for year under review as compared to Rs 35410.44 crore for year ended March 31, 2021.

For the year ended March 31, 2022, on the consolidated basis, the company has reported a rise of 19.78% in its net profit at Rs 10035.70 crore as compared to Rs 8378.24 crore for the previous year. Total income of the company increased by 10.58% at Rs 39339.20 crore for year under review as compared to Rs 35575.56 crore for year ended March 31, 2021.