Indian-GRAPEVINE-Logo
  • Home
  • Politics
    Indian-GRAPEVINE-shivraj-singh-chouhan-releases-the-21st-pm-kisan-instalment-in-advance

    Shivraj Singh Chouhan releases the 21st PM-KISAN instalment in advance

    Indian-GRAPEVINE-ndrf-teams-have-reached-the-incident-site-and-are-engaged-in-rescue-operations-

    NDRF teams have reached the incident site and are engaged in rescue operations

    Indian-GRAPEVINE-pm-to-inaugurate-9th-edition-of-the-india-mobile-congress-on-8th-october

    PM to inaugurate 9th edition of the India Mobile Congress on 8th October

    Indian-GRAPEVINE--dr-jitendra-singh-launches-curtain-raiser-of-emerging-science-technology--innovation-conclave-estic

    Dr. Jitendra Singh launches Curtain Raiser of Emerging Science, Technology & Innovation Conclave (ESTIC-2025)

    Indian-GRAPEVINE--narendra-modi-to-inaugurate-asias-premier-telecom--tech-event-imc-2025

    Narendra Modi to inaugurate Asia’s Premier Telecom & Tech Event IMC 2025

  • Bureaucracy
    Indian-GRAPEVINE-rec-foundation-commits-168-crore-under-csr-to-deploy-3-mobile-medical-units-in-jharkhand

    REC Foundation Commits ₹1.68 Crore under CSR to Deploy 3 Mobile Medical Units in Jharkhand

    Indian-GRAPEVINE-selection-of-saleem-ahmad--as-cmd-rvnl

    Selection of Saleem Ahmad as CMD, RVNL

    Indian-GRAPEVINE-rajesh-prasad-designated-as-cs-chandigarh

    Rajesh Prasad designated as CS, Chandigarh

    Indian-GRAPEVINE-four-ias-officers-get-new-portfolios-in-bihar

    Four IAS officers get new portfolios in Bihar

    Indian-GRAPEVINE-five-ips-officers-get-new-portfolios-in-bihar

    Five IPS officers get new portfolios in Bihar

  • Corporate
    Indian-GRAPEVINE-rupee-rises-5-paise-against-us-dollar

    Rupee rises 5 paise against US dollar

    Indian-GRAPEVINE-rbi-proposes-revised-framework-for-lending-to-related-parties

    RBI proposes revised framework for lending to related parties

    Indian-GRAPEVINE-nhpc-to-commission-8572-mw-solar-capacity-at-bikaner-project-by-oct-end

    NHPC to commission 85.72 MW solar capacity at Bikaner project by Oct-end

    Indian-GRAPEVINE-sebi-levies-rs-25-lakh-fine-on-2-individuals-for-insider-trading-violation

    Sebi levies Rs 25 lakh fine on 2 individuals for insider trading violation

    Indian-GRAPEVINE-patnaik-lauds-odisha-becoming-3rd-highest-revenue-surplus-state-in-2022-23

    Patnaik lauds Odisha becoming 3rd highest revenue surplus state in 2022-23

  • International
    Indian-GRAPEVINE-india-us-in-continuous-dialogue-for-trade-pact-goyal

    India-US in continuous dialogue for trade pact: Goyal

    Indian-GRAPEVINE-russian-president-putin-to-visit-india-by-year-end-kremlin

    Russian President Putin to visit India by year-end: Kremlin

    Indian-GRAPEVINE-nepal-president-paudel-celebrates-mahanavmi

    Nepal President Paudel celebrates Mahanavmi

    Indian-GRAPEVINE-chinese-communist-party-appoints-veteran-diplomat-to-head-its-international-department

    Chinese Communist Party appoints veteran diplomat to head its International Department

    Indian-GRAPEVINE-trump-imposes-100-per-cent-tariff-on-movies-made-outside-us

    Trump imposes 100 per cent tariff on movies made outside US

  • Interview
    Indian-GRAPEVINE-interview-with-chairman-vpa-dr-madhaiyaan-angamuthu-ias

    Interview with Chairman VPA Dr. Madhaiyaan Angamuthu, IAS.

    Indian-GRAPEVINE-exclusive-interview-with-shri-unmesh-sharad-wagh-irs--chairman-jnpa

    Exclusive Interview with Shri Unmesh Sharad Wagh, IRS Chairman, JNPA

    Indian-GRAPEVINE-exclusive-interview-with-shri-sanjay-sethi-ias-chairman-jnpt

    Exclusive Interview with Shri Sanjay Sethi, IAS, Chairman, JNPT

  • Contact Us
    Indian-GRAPEVINE-Logo
  • Home
  • Politics
  • Bureaucracy
  • Corporate
  • International
  • Interview
  • Contact Us
Bureaucracy

REC Declares 3rd Interim Dividend of ₹4.30 per share; Net Profit up 23% to ₹4,029 crore

Indian-GRAPEVINE-rec-declares-3rd-interim-dividend-of-430-per-share-net-profit-up-23-to-4029-crore

Published 07 Feb, 2025

By Staff Reporter


The Board of Directors of REC Limited, today approved the limited reviewed standalone and consolidated financial results for the period ended December 31, 2024. 

 

 Operational and Financial Highlights: Q3 FY25 vs Q3 FY24 (Standalone)

 

-   Net Profit: ₹4,029 crore Vs ₹3,269 crore, up by 23%

-   Net interest income: ₹4,930 crore Vs ₹4,153 crore, up by 19%

-   Net credit-impaired assets reduced to 0.74% from 0.82%

-   Revenue from operations: ₹14,157 crore Vs ₹11,982 crore, up by 18%

-   Disbursements: ₹54,692 crore Vs ₹46,358 crore, up by 18%

-   Total income: ₹14,173 crore Vs ₹12,000 crore, up by 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 by 15%

-   Net interest income: ₹14,191 crore Vs ₹11,422 crore, up by 24%

-   Revenue from operations: ₹40,752 crore Vs ₹34,533 crore, up by 18%

-   Disbursements: ₹1,45,647 crore Vs ₹1,22,089 crore, up by 19%, of which disbursements to renewables constituted:

    ₹17,612 crore Vs ₹9,858 crore, i.e. with YoY increase of 79% 

-   Total income: ₹40,805 crore Vs ₹34,571 crore, up by18%

-   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 by 21%

 

Owing to growth in all the verticals, resetting of interest rates on loan assets and effective management of Finance Cost, REC is able to maintain its spreads and NIMs resulting in robust profit after tax of ₹11,477 crore for the period ending December 31, 2024. As a result, the Earnings Per Share (EPS) for the period ended December 31, 2024 accelerated to ₹58.11 (Annualized) per share as against ₹50.65 per share as at December 31, 2023.

 

The loan book i.e. Asset Under Management (AUM) has maintained its growth trajectory and has increased on sustained basis to ₹5.65 lakh crore as against ₹4.97 lakh crore as at December 31, 2023.

 

Aided by growth in profits, the Net Worth has grown to ₹76,502 crore as on December 31, 2024, as compared to ₹64,787 crore as on December 31, 2023 registering an increase of 18% YoY.

 

Indicating the ample opportunity to support the future growth, the Capital Adequacy Ratio (CRAR) of the Company stands at a comfortable 25.33% as at December 31, 2024.

 

Continuing with the tradition to reward its shareholders, the Board of Directors of the Company has declared the 3rd interim dividend of ₹4.30 per equity share (on face value of ₹10/- each)



YOU MAY LIKE
Indian-GRAPEVINE-rec-foundation-commits-168-crore-under-csr-to-deploy-3-mobile-medical-units-in-jharkhand
Bureaucracy / 08 Oct, 2025
REC Foundation Commits ₹1.68 Crore under CSR to Deploy 3 Mobile Medical Units in Jharkhand
Indian-GRAPEVINE-selection-of-saleem-ahmad--as-cmd-rvnl
Bureaucracy / 07 Oct, 2025
Selection of Saleem Ahmad as CMD, RVNL
Indian-GRAPEVINE-rajesh-prasad-designated-as-cs-chandigarh
Bureaucracy / 07 Oct, 2025
Rajesh Prasad designated as CS, Chandigarh
Indian-GRAPEVINE-four-ias-officers-get-new-portfolios-in-bihar
Bureaucracy / 07 Oct, 2025
Four IAS officers get new portfolios in Bihar
Indian-GRAPEVINE-five-ips-officers-get-new-portfolios-in-bihar
Bureaucracy / 07 Oct, 2025
Five IPS officers get new portfolios in Bihar
Indian-GRAPEVINE-gaurav-garg-designated-as-dig-nhrc
Bureaucracy / 07 Oct, 2025
Gaurav Garg designated as DIG, NHRC
  • Top News
  • Latest News
  • Most Popular
Indian-GRAPEVINE-ms-radhika-jha-designated-as-joint-secretary-women--child-development
Bureaucracy / 15 Sep, 2025
Ms Radhika Jha designated as Joint Secretary, Women & Child Development
Indian-GRAPEVINE-mansoor-hasan-khan-designated-as-joint-secretary-youth-affairs
Bureaucracy / 15 Sep, 2025
Mansoor Hasan Khan designated as Joint Secretary, Youth Affairs
Indian-GRAPEVINE-46-officers-elevated-as-pcit-in-irs-i-t
Bureaucracy / 15 Sep, 2025
46 officers elevated as PCIT in IRS I-T
Indian-GRAPEVINE-jawahar-lal-designated-as-cvo-mmtc
Bureaucracy / 15 Sep, 2025
Jawahar Lal designated as CVO, MMTC
Indian-GRAPEVINE-upgraded-posting-of-amitesh-kumar-singh-to-additional-secretary-level-prolonged
Bureaucracy / 13 Aug, 2025
Upgraded posting of Amitesh Kumar Singh to Additional Secretary level prolonged
Indian-GRAPEVINE-six-ias-officers-shifted-in-hp
Bureaucracy / 12 Aug, 2025
Six IAS officers shifted in HP
View All
Indian-GRAPEVINE-sumit-sharan-empanelled-as-adg-in-goi
Bureaucracy / 16 Jun, 2025
Sumit Sharan empanelled as ADG in GoI
Indian-GRAPEVINE-saurabh-tripathi-empanelled-as-adg-in-goi
Bureaucracy / 16 Jun, 2025
Saurabh Tripathi empanelled as ADG in GoI
Indian-GRAPEVINE-sanjay-kumar-gunjyal-empanelled-as-adg-in-goi
Bureaucracy / 16 Jun, 2025
Sanjay Kumar Gunjyal empanelled as ADG in GoI
Indian-GRAPEVINE-neelesh-kumar-empanelled-as-adg-in-goi
Bureaucracy / 16 Jun, 2025
Neelesh Kumar empanelled as ADG in GoI
Indian-GRAPEVINE-raghubir-lal-empanelled-as-adg-in-goi
Bureaucracy / 16 Jun, 2025
Raghubir Lal empanelled as ADG in GoI
Indian-GRAPEVINE-ashok-tiwari-is-also--dgp-himachal-pradesh
Bureaucracy / 02 Jun, 2025
Ashok Tiwari is also DGP, Himachal Pradesh
View All
Indian-GRAPEVINE-vijay-kumar-empanelled-as-adg-in-goi
Bureaucracy / 16 Jun, 2025
Vijay Kumar empanelled as ADG in GoI
Indian-GRAPEVINE-abhin-dinesh-modak-empanelled-as-adg-in-goi
Bureaucracy / 16 Jun, 2025
Abhin Dinesh Modak empanelled as ADG in GoI
Indian-GRAPEVINE-ayush-mani-tripathi-empanelled-as-adg-in-goi
Bureaucracy / 16 Jun, 2025
Ayush Mani Tripathi empanelled as ADG in GoI
Indian-GRAPEVINE-maheshwar-dayal-empanelled-as-adg-in-goi
Bureaucracy / 16 Jun, 2025
Maheshwar Dayal empanelled as ADG in GoI
Indian-GRAPEVINE-abhijit-sinha-appointed-as-additional-secretary-mha
Bureaucracy / 19 Apr, 2025
Abhijit Sinha appointed as Additional Secretary, MHA
Indian-GRAPEVINE-n-saravana-kumar-appointed-as-vice-chairman-dda
Bureaucracy / 19 Apr, 2025
N Saravana Kumar appointed as Vice Chairman, DDA
View All

SUBSCRIBE

Website Hits: 361976042

Indian-GRAPEVINE-Logo

Copyright © 2017 Indian Grapevine a unit of Integrated Media Enterprises