REC Limited’s Q1 profit rose 21% due to interest income from loans
REC Nearly 13% of operating revenue comes from interest income on loan assets, which accounts for 94.4% of revenues from operations An increase in interest income on loan assets helped India’s state-owned infrastructure finance company REC Ltd report a 20.9% rise in first-quarter profit on Wednesday.Non-banking financial company’s consolidated net profit rose to 29.68 billion…
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