REC Q4FY25 Results: Rural Electrification Corporation (REC) released its March quarter (Q4FY25) performance on Thursday, May 08, reporting a 5.6% YoY jump in its consolidated net profit at ₹4309 crore, while the Net interest income (NII) improved by 38% YoY to ₹5,877 crore, compared to ₹4,273 crore in the corresponding quarter of the previous fiscal.
The power sector financier had posted a net profit of ₹4,079 crore in the January–March quarter of FY24. Total income rose to ₹15,348 crore in Q4FY25, up from ₹12,706 crore in the same period last year, according to the company’s exchange filing.
The company earned interest income of ₹14,647 crore from loan assets in Q4FY25, compared to ₹12,168.48 crore a year earlier. Other interest income also jumped sharply to ₹300 crore from ₹221 crore in Q4FY24, while other operating income surged to ₹386 crore.
For the entire FY25, net profit increased to ₹15,884.23 crore from ₹14,145.46 crore in FY24. Total income rose to ₹56,434 crore in FY25 from ₹47,571.23 crore in FY24.
REC is a government-owned entity classified as a Central Public Sector Undertaking (CPSU) operating under the Ministry of Power. It plays a vital role in financing projects across the entire power sector value chain, encompassing activities from generation to distribution.
Dividend Announced
Meanwhile, the board of directors recommended a dividend of ₹2.60 for 2024-25.
This is in addition to the interim dividend of ₹15.40/- per equity share already declared during the FY25 in four tranches thereby making the total dividend for the fiscal to ₹18 per share on face value of ₹10 each.
The board also gave a go-ahead to formation of a Joint Venture between its wholly owned subsidiary REC Power Development and Consultancy Limited (RECPDCL) and BHEL in the shareholding ratio of 50:50 for joint development of renewable energy / other power and infrastructure projects.
Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
