Take a fresh look at your lifestyle.

REC declares its financial results for Q3 and 9M FY22: Highest quarterly profit of ₹ 2,773 Cr

REC announced a third interim dividend of ₹ 6 / – per share. At a rate of 10 per cent for the F/Y 2021-22

 Gurugram: The Board of Directors of REC Limited approved the unaudited standalone and consolidated financial results for Q3 FY22 yesterday.

Financial Highlights – Q3 FY22 vs Q3 FY21 (Standalone)

Total Income – ₹ 10,039 crores vs. ₹ 9,047 crores, up 11%

Net Profit – ₹ 2,773 crores vs. ₹ 2,263 crores, up 23%

Owing to the sound income, effective cost management and resultant quarterly profit, the annualized Earnings Per Share for the quarter ended 31st December 2021 increased to ₹ 56.16 as against ₹ 45.84 per share during the same quarter last year. Aided by growth in profits, the Net Worth has grown to        ₹ 50,258 crores as on 31st December 2021, an increase of 20% YoY.

The loan book has maintained its growth trajectory and has increased by 9% to ₹ 3.89 lakh crore as at 31st December 2021 as compared to ₹ 3.57 lakh crores as on 31st December 2020. The Provision Coverage Ratio against Credit impaired assets stands at 65.72% as on 31st December 2021.

The Capital Adequacy Ratio of the Company stands at a comfortable 23.22% as on 31st December 2021, implying ample opportunity to support the future growth.

Continuing with the tradition to reward its shareholders, in addition to the interim dividend already paid of ₹ 4.50 per equity shares, the Board of Directors of the Company has declared third interim dividend of ₹ 6/- per equity share and 16th February 2022 has been fixed as record date.


Leave A Reply

Your email address will not be published.

If you're looking for a fun and exciting new casino destination, look no further than Pin Up Casino India! Our online casino https://pinupcasino-india.in offers players a wide range of games to choose from, as well as some great bonus offers. We know that Indian players are looking for the best online gaming experience, and we are committed to providing just that! So come join us at Pin Up Casino India today and see what all the fuss is about!