- REC Ltd reported a net income of 40.3 billion rupees for the third quarter, marking a 23% increase year-over-year compared to 32.7 billion rupees.
- The company’s revenue reached 141.6 billion rupees, reflecting an 18% rise from the previous year.
- Total costs for the quarter were 90.6 billion rupees, up 15% year-over-year.
- Other income decreased by 16%, amounting to 155.2 million rupees.
- The dividend per share declared by REC Ltd is 4.30 rupees.
- The company approved a joint venture involving its unit with Mahagenco Renewable Energy.
- Analyst recommendations include 12 buys, with no holds or sells noted.
A look at Rural Electrification Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts are optimistic about the long-term outlook for Rural Electrification Corporation Limited, a company heavily involved in financing and promoting power projects in India. With a strong score in value, growth, and dividends, the company is well-positioned for future success. Investors appreciate the company’s stable dividend payouts, solid growth prospects, and attractive valuation, making it an appealing choice for those looking to invest in the rural electrification sector.
However, analysts note that the company’s resilience and momentum scores are not as high, indicating some potential areas for improvement. Despite this, the overall outlook for Rural Electrification remains positive, with its robust financial performance and strategic focus on power projects in India setting a solid foundation for continued success in the long run.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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