REC Q1 result: Net profit rises 29% YoY to ₹4,466 crore, interim dividend declared

State-owned REC Ltd on Thursday, July 24, posted a 29% year-on-year (YoY) surged 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, it said in a regulatory filing.

Its Total income rose to ₹14,823.98 crore in the quarter under review, jumping 13.22% YoY from ₹13,092.44 crore in the same period a year ago.

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, REC Ltd's Net Worth has grown to ₹79,688 crore as on June 30, 2025.

Board declares interim dividend

Its board in its meeting also approved the declaration of the first interim dividend at the rate of ₹4.60 per equity share with a face value 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.