REC Q2 Consolidated Net Profit Falls 21.2% to 3,477.7 Crore
REC reported a 21.2% year-on-year decline in consolidated net profit for the September quarter. Interest income on loan assets rose 0.5% to 14,669.49 crore; total income fell marginally to 15,010.43 crore.
State-run lender REC Ltd reported a 21.2% year-on-year fall in consolidated net profit for the September quarter to 3,477.7 crore. Consolidated interest income on loan assets rose 0.5% to 14,669.49 crore, while total income also fell marginally to 15,010.43 crore. Finance costs rose around 4.3% to…