REC India’s Q3 Net Profit Rises 3.6% YoY to ₹28.7 Billion on Improved Asset Quality

REC’s total loan disbursements to the renewable sector jumped by 79% YoY to ₹10.01 billion

February 1, 2023

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Government-owned power sector lender REC India posted the highest-ever quarterly net profit at ₹28.78 billion (~$351.37 million) in the third quarter (Q3) of the financial year (FY) 2022-2023, up 3.8% year-over-year (YoY).

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Gourav Mishra

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REC India’s Q3 Net Profit Rises 3.6% YoY to ₹28.7 Billion on Improved Asset Quality

Continue Reading with Premium Access

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