REC

REC studies web revenue of ₹3,460 crore in Q1 FY25

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State-run REC on Saturday reported a 17 per cent Yo-Y development in its consolidated web revenue at ₹3,460 crore in Q1 FY25 aided by development in all of the verticals, resetting of rates of interest on mortgage property and efficient administration of finance prices. Nonetheless, the facility sector non-banking monetary firm’s (NBFC) web revenue slipped … Read more

REC’s web revenue up 23% in Q3

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Energy sector lender REC on Tuesday reported a 23 per cent y-o-y progress in its consolidated web revenue at ₹3,308.42 crore for the October-December quarter of the present fiscal. Nevertheless, the state-run agency’s web revenue declined by nearly 13 per cent on a sequential foundation. REC’s consolidated complete revenue through the December quarter was greater … Read more