REC September-quarter profit rises 10.5%; second interim dividend declared
RECLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.4 pts less than Nifty 100 and 1.3 pts less than its Financial Institution peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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REC's September-quarter standalone total income was Rs 15,094.61 crore, up 11.0% year on year, and net profit was Rs 4,425.86 crore, up 10.5%. Consolidated net profit rose 9.3% to Rs 4,414.93 crore. A second interim dividend of Rs 4.60 per share was declared. First-half operating cash flow was negative Rs 2,966.84 crore; debt-equity was 6.07 times.
Profit growth and the dividend may support sentiment, but negative operating cash flow and 6.07 times debt-equity keep funding risks in focus.