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REC’s Q4 Net Profit Rises 31% to ₹30 Billion on Improved Asset Quality

REC's total loan disbursements to the renewable sector in 2022 stood at ₹9.68 trillion

May 18, 2023

/ Arjun Joshi
/ Other, Renewable Energy,
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REC Limited, a government-owned infrastructure finance company, posted a net profit of ₹30 billion (~$363.6 million) in the fourth quarter (Q4) of the financial year (FY) 2022-23, up 31% year-over-year (YoY).

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Arjun Joshi

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