neutral
Recently
REC posts steady quarterly profit growth on higher income
REC reported 9 percent Q2 profit growth as higher interest income supported stable earnings from infrastructure lending.
REC Ltd recorded a 9 % year on year rise in Q2 net profit to Rs 4,414.93 crore, supported by higher interest income from infrastructure and power sector lending. The state owned financier maintained stable asset quality while expanding its loan book. Government backed infrastructure spending remains a key driver for REC’s earnings trajectory going forward.