BusinessPhoto: Mercom IndiaREC's Q2 Net Profit Drops 21% Despite Loan Growth
REC, a public infrastructure finance company, reported a 1% year-over-year decline in revenue from operations to ₹150 billion (~$1.58 billion) in Q2. Despite expanding its loan portfolio, the company's net profit fell 21.2% YoY to ₹34.78 billion (~$365.68 million) from ₹44.15 billion (~$464.21 million).
Mercom India·



