The said announcement came after market hours on Friday, 21 March 2025.
REC is a 'Maharatna' company under the administrative control of the Ministry of Power, Government of India, and is registered with RBI as Non-Banking Finance Company (NBFC), Public Financial Institution (PFI) and Infrastructure Financing Company (IFC).
The company’s consolidated net profit jumped 23.2% to Rs 4076.35 crore in Q3 FY25 as compared with Rs 3308.42 crore in Q3 FY24. Total income increased 18.4% YoY to Rs 14,286.91 crore during the quarter ended 31st December 2024.
The scrip shed 0.02% to end at Rs 428.85 on Friday, 21 March 2025.