Delhi: REC Limited today announced a 23% rise in net profit, reaching ₹4,029 crore for the quarter ended December 31, 2024, driven by growth across key business segments. The company’s revenue from operations increased by 18%, reaching ₹14,157 crore, while net interest income rose by 19% to ₹4,930 crore.
The board also declared a 3rd interim dividend of ₹4.30 per share, continuing its commitment to rewarding shareholders.
For the first nine months of FY25, REC reported a 15% rise in net profit to ₹11,477 crore. The company’s total income surged 18% to ₹40,805 crore, while disbursements grew by 19%, reaching ₹1,45,647 crore, with a significant 79% YoY increase in renewable energy financing.
The company’s strong financial performance was further reflected in an increase in net worth to ₹76,502 crore, an 18% rise from the previous year. The Capital Adequacy Ratio stood at a robust 25.33%, supporting REC’s ability to sustain future growth.
REC’s Assets Under Management (AUM) grew to ₹5.65 lakh crore, reinforcing its steady expansion.
Operational and Financial Highlights: Q3 FY25 vs Q3 FY24 (Standalone)
- Net Profit: ₹4,029 crore vs ₹3,269 crore, up 23%
- Net Interest Income: ₹4,930 crore vs ₹4,153 crore, up 19%
- Net Credit-Impaired Assets: Reduced to 0.74% from 0.82%
- Revenue from Operations: ₹14,157 crore vs ₹11,982 crore, up 18%
- Disbursements: ₹54,692 crore vs ₹46,358 crore, up 18%
- Total Income: ₹14,173 crore vs ₹12,000 crore, up 18%
- Average Cost of Funds: 7.18% vs 7.28%, reduction by 10 bps
- Spread: 2.95% vs 2.85%, up by 10 bps
- Net Interest Margin: 3.66% vs 3.61%, up by 5 bps
Operational and Financial Highlights: 9M FY25 vs 9M FY24 (Standalone)
- Net Profit: ₹11,477 crore vs ₹10,003 crore, up 15%
- Net Interest Income: ₹14,191 crore vs ₹11,422 crore, up 24%
- Revenue from Operations: ₹40,752 crore vs ₹34,533 crore, up 18%
- Disbursements: ₹1,45,647 crore vs ₹1,22,089 crore, up 19%
- Disbursements to renewables: ₹17,612 crore vs ₹9,858 crore, a 79% YoY increase
- Total Income: ₹40,805 crore vs ₹34,571 crore, up 18%
- Spread: 2.94% vs 2.82%, up by 12 bps
- Net Interest Margin: 3.64% vs 3.52%, up by 12 bps
- Return on Net Worth: 21.07%
- Market Capitalization: ₹1,31,844 crore vs ₹1,08,712 crore, up 21%
As a ‘Maharatna’ company under the Ministry of Power, REC continues to play a pivotal role in financing India’s power and infrastructure sectors, including renewable energy, electric vehicles, and key government initiatives such as village electrification and distribution sector reforms.
