State-owned REC Ltd on Thursday posted a 29% rise in its consolidated net profit to ₹4,465.71 crore June quarter compared to the year-ago period, mainly on the back of higher revenues.
The company had reported a consolidated net profit of ₹3,460.19 crore in the quarter ended on June 30, 2024, a BSE filing stated.
Total income rose to ₹14,823.98 crore in the quarter from ₹13,092.44 crore in the same period a year ago.
The board in its meeting also approved the declaration of the first interim dividend at the rate of ₹4.60 per equity share of ₹10 each for the financial year 2025-26.
Further, the record date for reckoning eligibility of shareholders for the purpose of payment of said interim dividend is Friday, August 1, 2025.
On a standalone basis, the company said that disbursements rose to ₹59,508 crore in the quarter from ₹43,652 crore a year ago, up by 36%, out of which disbursement to the renewable sector rose by 35%
Total income also rose to ₹14,734 crore from ₹13,037 crore. The Net interest income (NIM) rose to ₹5,247 crore from ₹4,474 crore.
The standalone net profit increased to ₹4,451 crore from ₹3,442 crore.
It stated that owing to growth in all the verticals, REC is able to maintain its spreads at 2.96% and NIM at 3.74%, resulting in a robust quarterly profit after tax of ₹4,451 crore.
As a result, the Annualised Earnings Per Share (EPS) for the period ended June 30, 2025, accelerated by 29% to ₹67.60 per share as against ₹52.28 per share as at June 30, 2024.
The loan book has maintained its growth trajectory on a sustained basis to ₹5.85 lakh crore as against ₹5.30 lakh crore as on June 30, 2024.
The net credit-impaired assets as on June 30, 2025, have reduced to 0.24% from 0.82% as on June 30, 2024, with a Provision Coverage Ratio of 77.05% on NPA assets, as on June 30, 2025.
Aided by growth in profits, the Net Worth has grown to ₹79,688 crore as on June 30, 2025.
Continuing with the tradition to reward its shareholders, the Board of Directors of the Company has declared the interim dividend of ₹4.60 per equity share (on face value of ₹10 each).
