REC Ltd announces fourth interim dividend of ₹3.60 per share, shares rally 2%

Shares of REC Ltd traded 2% higher on the NSE at ₹230 apiece on Wednesday after the company announced its fourth interim dividend.

REC Ltd board said in its exchange filing, that , the “Board of Directors of REC Limited in its meeting held on March 19, 2025, considered and declared 4th interim dividend of ₹3.60 per equity share on 10/ - each for the financial year 2024-25. Further, the record date for the said interim dividend is Wednesday, March 26, 2025, and the said interim dividend shall be paid/ dispatched on or before April 16, 2025, to those shareholders.

The company announced four dividends in FY25 totalling ₹16.8 per share of which three were interim dividends and one final dividend. With the latest dividend, the company’s total payout for FY25 will be ₹20.4 per share, which translates into a dividend yield of 9% for FY25.

In Q3FY25, the company’s total revenue jumped 18.4% YoY to ₹14,271 crore as against ₹12,051 crore and the net profit for the quarter jumped 23% YoY to ₹4,076 crore.

REC Limited is a leading infrastructure finance company. The company’s business activities involve financing projects in the complete power sector value chain, be it generation, transmission or distribution. The company provide financial assistance to state electricity boards, state governments, central/state power utilities, independent power producers, rural electric cooperatives and private sector utilities through its extensive network of many offices across the country.