REC registers highest ever yearly profit of Rs 83.62 billion in 2020-21

REC Limited has recorded its highest ever net profit of Rs 83.62 billion and income of Rs 355.75 billion for the year ended March 2021.

The company has registered an increase of 18.66 per cent in the consolidated total income over Rs 299.81 billion recorded last year. The company’s net profit has increased by 71 per cent to Rs 83.62 billion from Rs 48.86 billion during the same period. The loan book has grown from Rs 3.22 trillion as on March 31, 2020 to Rs 3.77 trillion as on March 31, 2021. Aided by the profits, the net worth of the company has reached Rs 434.26 billion. The net credit-impaired assets have also reduced to 1.71 per cent from 3.32 per cent during this period.

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