REC Q4 Results Live : profit rise by 33.07% YOYMutual FundREC Q4 Results Live : profit rise by 33.07% YOY

REC Q4 Results Live : profit rise by 33.07% YOY


REC Q4 Results Live : REC, the company, announced its Q4 results on 30th April 2024, showcasing a significant growth in both revenue and profit compared to the previous year.

The topline of REC increased by 22.06% Year-on-Year, while the profit surged by 33.07% Year-on-Year. Additionally, in comparison to the previous quarter, the revenue saw a growth of 3.93% and the profit increased by 23.29%.

The Selling, General & Administrative expenses of REC rose by 17.78% quarter-on-quarter and saw a substantial increase of 59.77% Year-on-Year.

Moreover, the operating income witnessed an uptick of 23.67% quarter-on-quarter and a growth of 31.64% Year-on-Year.

The Earnings Per Share (EPS) for Q4 stood at 13.21, marking a 23.25% increase Year-on-Year.

REC has been performing well in the market, delivering returns of 16.37% in the last 1 week, 76.34% in the last 6 months, and 22.84% Year-to-Date.

Currently, REC holds a market capitalization of 133544 Cr with a 52-week high/low of 524 and 127.4 respectively.

Analysts covering REC have provided their recommendations, with 1 analyst suggesting to Hold, 3 analysts advising to Buy, and 2 analysts recommending Strong Buy as of 3rd May 2024.

The consensus recommendation as of the same date was to Buy, indicating positive sentiment towards REC’s performance.

REC Financials

Period Q4 Q3 Q-o-Q Growth Q4 Y-o-Y Growth
Total Revenue 12541.46 12067.29 +3.93% 10274.5 +22.06%
Selling/ General/ Admin Expenses Total 184.92 157.01 +17.78% 115.74 +59.77%
Depreciation/ Amortization 6.02 6 +0.33% 6.28 -4.14%
Total Operating Expense 7417.23 7923.76 -6.39% 6382.03 +16.22%
Operating Income 5124.23 4143.53 +23.67% 3892.47 +31.64%
Net Income Before Taxes 5229.48 4171.69 +25.36% 3901.23 +34.05%
Net Income 4079.09 3308.42 +23.29% 3065.37 +33.07%
Diluted Normalized EPS 13.21 12.73 +3.73% 10.71 +23.25%

FAQs

Question : What is the Q4 profit/Loss as per company?

Ans : ₹4079.09Cr

Question : What is Q4 revenue?

Ans : ₹12541.46Cr

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Published: 03 May 2024, 02:34 AM IST

Disclaimer: Along with publishing our own news, we get news from various sources namely from news wires ANI, PTI, other reputed finance portals and individual journalists. We are not legally liable for any inaccuracies in the news and expect the reader to do their own due diligence.

http://ganesh@finplay.in

Finance enthusiast, Mutual fund expert.




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