- Net income for REC Ltd in 1Q 2024 is 34.4 billion rupees, marking a 16% increase year-over-year.
- Net income falls short of analysts’ estimate, which was 35.91 billion rupees.
- Company revenue stands at 130.2 billion rupees, showing a 19% growth year-over-year.
- Total costs for the quarter have risen to 87.1 billion rupees, a 20% increase compared to the previous year’s figures.
- Other income has significantly increased to 137.5 million rupees from 50.6 million rupees year-over-year.
- The company declares a dividend of 3.50 rupees per share.
- Shares of REC Ltd have risen by 2.9%, currently trading at 625.90 rupees with 11.4 million shares traded.
- Analyst recommendations are positive with 6 buys, 1 hold, and no sell ratings.
A look at Rural Electrification Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| 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
Based on Smartkarma’s Smart Scores, Rural Electrification Corporation Limited appears to have a positive long-term outlook. With a high score in Dividend and Value, the company seems to be well-positioned to provide good returns to investors while also offering stable dividends. The solid score in Momentum suggests that the company is making strategic moves to propel its growth further. However, the lower scores in Resilience and Growth indicate some areas that may need attention to ensure sustained success.
Rural Electrification Corporation Limited, an Indian company focused on financing and promoting power projects, seems to be a reliable choice for investors seeking exposure to the rural electrification sector. With a strong emphasis on value and dividends, the company’s financial stability and income generation potential are apparent. While there are areas for improvement in terms of growth and resilience, the overall outlook remains promising for Rural Electrification Corporation Limited 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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