REC records its highest ever quarterly profit at Rs 18.39 billion

REC Limited recorded its highest quarterly profit of Rs 18.39 billion during the first quarter of 2020-21, as against Rs 15.01 billion during the same quarter of the previous year.

The company has registered earnings per share (EPS) (annualized) of Rs 37.24 for the quarter ended 30th June 2020 as against Rs 30.40 per share during the same quarter last year. The loan book reflected a growth of 14 per cent while growing from Rs 2,910 billion as on June 30th, 2019 to Rs 3,300 billion on June 30th, 2020. The net worth of the company stands at Rs 373.84 billion as on June 30th, 2020, with a book value per share of Rs 189.

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