REC announces business performance for Q1 FY2025

REC Limited has continued its growth trajectory and posted yet another quarter with strong operational performance and recorded loan sanctions of Rs. 1,12,747 crore vs Rs. 90,797 crore in Q1 FY2024 and loan disbursements of Rs. 43,652 crore during the first quarter ended June 30, 2024 of financial year 2024-25 as compared to Rs. 34,133 crores in Q1 FY2024, which translates into significant growth of 24.17% and 27.89%, respectively, over the corresponding quarter of financial year 2023-24.

Shares of REC Limited was last trading in BSE at Rs. 525.35 as compared to the previous close of Rs. 524.85. The total number of shares traded during the day was 456618 in over 11297 trades.

The stock hit an intraday high of Rs. 530.60 and intraday low of 521.05. The net turnover during the day was Rs. 239987655.00.

Source : Equity Bulls

Keywords

REC INE020B01018 PerformanceUpdate Q1FY2025 LoanSanctions LoanDisbursements