https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

REC Reports Highest Quarterly And Annual Profits Ever

On Wednesday, the REC Limited Board of Directors approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2023.
Indian Masterminds Stories

One of the top financiers of power projects in the country, REC Ltd, has reported its highest-ever quarterly profit of Rs 3,001 crore during January-March period of FY23 recording 31 percent year-on-year jump.

REC Limited’s Board of Directors approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2023, on Wednesday. Because of better asset quality and the resolution of stressed assets, REC has achieved its greatest quarterly and yearly profits of 3,001 crores and 11,055 crores, respectively.

As a result, earnings per share for the fiscal year ended March 31, 2023, are 41.86, up from 38.02 per share on March 31, 2022. Profit growth has contributed to a 13% increase in its net worth to 57,680 crores as of March 31, 2023.

The loan book has maintained its growth trajectory, increasing by 13% to 4.35 lakh crores from 3.85 lakh crores on March 31, 2022. As of March 31, 2023, the Net Credit-impaired assets had decreased to 1.01%, with a Provision Coverage Ratio of 70.64% on NPA assets.

The Company’s Capital Adequacy Ratio is a comfortable 25.78% as of March 31, 2023, signalling a considerable opportunity to sustain future expansion.

Operational and Financial Highlights –12M FY23 vs 12 FY22 (Standalone)

Disbursements: ₹ 96,846 crores vs. ₹ 64,150 crores

Interest Income on Loan Assets: ₹ 38,360 crores vs. ₹ 37,811 crores, up 1%

Net Profit: ₹ 11,055 crores vs. ₹ 10,046 crores, up 10%


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
coal-India-limited-scaled
Coal India’s CCL to Operationalize Two New Mines in FY26 to Boost Output by 12 Million Tonnes
IAS Officers Indian Administrative Services (IAS)
IAS Ashwani Kumar Takes Charge of Sports and Legislative Affairs in Gujarat; Ankita Mishra Given Excise Charge in Goa
NCRTC
NCRTC Milestone: India’s First Namo Bharat Corridor Set for Full Commissioning After Successful 82 Km High-Speed Trial
ONGC_resized
Latest on Assam’s Gas Leak: ONGC Advances Well Control Efforts, Clears Site for Capping; Residents Return Safely
IAS Officers Indian Administrative Services
Delhi: 4 AGMUT Cadre IAS Officers Get Key Postings; Shashwat Saurabh to MCD, Talo Potom as PWD Special Secretary
Bihar police
Bihar: 7 IPS Officers Transferred; Jitendra Rana Takes Charge as Patna IG, Manoj Kumar Tiwari Made SP, Siwan
NTPC
NTPC Achieves Full Commercial Operation of 245 MW Nokh Solar PV Project in Rajasthan
Rekha Gupta Delhi CM
Delhi Police Stripped of Licensing Powers; Civic Bodies Take Charge, CM Rekha Gupta Welcomes Move
ADVERTISEMENT
ADVERTISEMENT
Videos
WhatsApp Image 2025-06-23 at 12.39
Retired Officers Lead 7-Day Mission to Revive Betwa River with 55 Check Dams | Video Interview
Inderjit Singh Interview Plane Crash
What ill-fated pilots of AI171 may have gone through in those 40 seconds before the crash? Intro:
IRAS Ananth Rupanagudi
IRAS Ananth Rupanagudi’s 27-Year Odyssey with Indian Railways | Exclusive Interview
ADVERTISEMENT
UPSC Stories
Sanish Kumar Singh
“If you want it badly enough, you’ll find a way,” Sanish Kumar Singh AIR 8, UPSC IFS 2024 
The real interview, he says, was much more humane. “The board was conversational. The chairman opened...
Raju Wagh
When the Battlefield Became a Study Room and a Dream Took Flight
Amid IED blasts and anti-Maoist operations in Bastar, CRPF Commando Raju Wagh taught village kids, studied...
WhatsApp Image 2025-06-18 at 10.31
"I Just Wanted to Breathe Again": The Man Who Fought Death and Made It to UPSC
Struck by COVID at the peak of his UPSC prep, Devanand Telgote spent months on ECMO, unsure he'd live,...
Social Media
Tigress Arrowhead
The End of an Era: A Queen Falls - Ranthambore’s Iconic Tigress Arrowhead (T-84) Passes Away at 14, Hours After Daughter’s Relocation
Ranthambore mourns the loss of one of its fiercest and most beloved tigers, Arrowhead, the granddaughter...
Screenshot 2025-06-13 194001
Wild Elephant Disrupts Riverside Picnic, Sparks Debate on Human Encroachment; IFS Parveen Kumar Shares the Video - Watch Here!
Mr. Kaswan used the viral video, which has garnered over 1.5 lakh views, to highlight the risks of human...
Tiger jump Sundarban
Stunning Viral Video Shows Royal Bengal Tiger Making Spectacular 30-Foot Leap Across River in Sunderbans - See It Here
Retired Indian Forest Service (IFS) officer Susanta Nanda shared the clip online, which quickly went...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
WhatsApp Image 2025-06-23 at 12.39
Retired Officers Lead 7-Day Mission to Revive Betwa River with 55 Check Dams | Video Interview
coal-India-limited-scaled
Coal India’s CCL to Operationalize Two New Mines in FY26 to Boost Output by 12 Million Tonnes
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
WhatsApp Image 2025-06-23 at 12.39
Inderjit Singh Interview Plane Crash
IRAS Ananth Rupanagudi
ADVERTISEMENT
ADVERTISEMENT