REC Limited

RECLTD

INE020B01018

Corporate Financial Services

Market Closed - NSE India S.E. Other stock markets 07:43:58 2024-09-10 am EDT			5-day change	1st Jan Change
577.15 ^INR	-2.19%		-8.30%	+39.80%

Aug. 15	REC Forms Step-Down Subsidiary	MT
Aug. 14	REC Limited Announces Board Changes	CI

REC Limited Reports Earnings Results for the First Quarter Ended June 30, 2024

July 27, 2024 at 04:54 am EDT

REC Limited reported earnings results for the first quarter ended June 30, 2024. For the first quarter, the company reported revenue was INR 130,924.4 million compared to INR 111,081.5 million a year ago. Net income was INR 34,601.9 million compared to INR 29,680.5 million a year ago.

Basic earnings per share from continuing operations was INR 13.14 compared to INR 11.27 a year ago.

Latest news about REC Limited

REC Forms Step-Down Subsidiary	Aug. 15	MT
REC Limited Announces Board Changes	Aug. 14	CI
Transcript : REC Limited, Q1 2025 Earnings Call, Aug 01, 2024	Aug. 01
REC's Consolidated Net Profit Increases in Fiscal Q1	Jul. 29	MT
REC Limited Reports Earnings Results for the First Quarter Ended June 30, 2024	Jul. 27	CI
REC Limited Approves Interim Dividend for the Financial Year 2024-25, Payable on or Before August 23, 2024	Jul. 27	CI
REC Board to Consider Interim Dividend for Fiscal 2025	Jul. 24	MT
India's Modi departs from privatisation plans, will overhaul state-run firms, sources say	Jul. 12	RE
INDIA STOCKS-HDFC Bank powers Indian shares to record highs	Jul. 03	RE
NBCC (India) Bags Order Worth INR1 Billion	Jun. 24	MT
India's REC Plans $500 Million Green Bond Sale	Jun. 21	MT
REC Limited Announces Directorate Changes	Jun. 01	CI
REC Limited Appoints Harsh Baweja as Chief Financial Officer	May. 31	CI
Foreigners boost India corporate debt buying before govt bond index inclusion	May. 28	RE
REC Limited Announces the Promotion of J.K. Nayak as Executive Director	May. 15	CI
REC Limited Appoints Shri Harsh Baweja as Director	May. 14	CI
Transcript : REC Limited, Q4 2024 Earnings Call, May 08, 2024	May. 07
India's Muthoot Finance gives initial guidance for dollar bonds, bankers say	May. 07	RE
India state-owned lenders slide as regulator mulls bigger provisions for project loans	May. 06	RE
INDIA STOCKS-Indian shares edge up, with IT gains battling state-run banks' drop	May. 06	RE
REC Gets RBI Nod to Set Up Wholly-Owned Subsidiary in GIFT City, India; Shares Drop 8%	May. 06	MT
REC Limited Receives No Objection Certificate from the Reserve Bank of India for Setting Up A Wholly Owned Subsidiary in International Financial Services Centre	May. 03	CI
26 Companies Reportedly Queue Up for KSK Mahanadi Power Project	Apr. 30	CI
REC'S Consolidated Net Profit Climbs in Fiscal Q4; Shares Jump 9%	Apr. 30	MT
REC Limited Reports Earnings Results for the Full Year Ended March 31, 2024	Apr. 30	CI

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Company Profile

REC Limited is an India-based infrastructure finance company. The Company's products are interest-bearing loans to state electricity boards, state power utilities/state power departments and private sector for all segments of power infrastructure. It operates in one business segment which is lending to power, logistic and infrastructure sector. Its financial products include long-term loan, medium term loan, short-term loan, debt refinancing, equity financing, financing of equipment manufacturing for power sector, financing of coal mines, policy for funding against regulatory assets (excluding return on equity component) of power utilities and revolving bill payment facility. Its debt refinancing policy is applicable for extending term loan for refinancing existing project term loan of all types of commissioned project in power sector, including renewable energy projects, of government and private sector borrowers. It acts as a nodal agency for the Government of India's schemes.

Employees

512

Sector

Corporate Financial Services

Calendar

2024-11-06 - Q2 2025 Earnings Release (Projected)

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