New delhi, July 29: REC Q1 Results: REC ( Rural Electrification Corporation) announced its April-June quarter results for fiscal 2023-24 (Q1FY24) on July 26, reporting a growth of 21 per cent in consolidated net profit at ₹2,968.05 crore, compared to ₹2,454.16 crore in the corresponding period last year. The Maharatna company’s revenue from operations in the first quarter of current fiscal stood at ₹11,087.56 crore, registering a rise of 16.7 per cent, compared to ₹9,497.45 crore in the year-ago period.
The company’s board declared an interim dividend of ₹3 per equity share of ₹10 each for fiscal 2023-24. The record date for the dividend is set as August 14, 2023. ‘Declaration of interim dividend @ ₹3 per equity share of ~ 10/- each for the financial year 2023-24.”
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