The Board of Directors of REC Limited, today approved the limited reviewed standalone and consolidated financial results for the quarter ended June 30, 2025.
Operational and Financial Highlights: Q1 FY26 vs Q1 FY25 (Standalone)
- Disbursements: ₹59,508 crore vs. ₹43,652 crore, up by 36% out of which disbursement to renewable sector is up by 35%
- Total income: ₹14,734 crore vs. ₹13,037 crores, up by 13%
- Net interest income: ₹5,247 crore vs. ₹4,474 crore, up by 17%
- Net Profit: ₹4,451 crore vs. ₹3,442 crore, up by 29%
- Return on net worth: 22.63% vs 19.51%, up by 312 bps
Owing to growth in all the verticals, REC is able to maintain its spreads at 2.96% and NIM at 3.74%, resulting in 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 sustained basis to ₹5.85 lakh crore as on June 30, 2025. The net credit-impaired assets as on June 30, 2025 have reduced to 0.24% from 0.82% as on June 30, 2024 with Provision Coverage Ratio of 77.05% on NPA assets, as on June 30, 2025 and during the quarter, one NPA Asset has been resolved.
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).
REC is a ‘Maharatna’ company under the administrative control of the Ministry of Power, Government of India, and is registered with RBI as Non-Banking Finance Company (NBFC), Public Financial Institution (PFI) and Infrastructure Financing Company (IFC). REC is financing the entire Power-Infrastructure sector comprising Generation, Transmission, Distribution, Renewable Energy and new technologies like Electric Vehicles, Battery Storage, Pump Storage projects, Green Hydrogen, Green Ammonia projects etc. More recently REC Limited has also diversified into the Non-Power Infrastructure sector comprising Roads & Expressways, Metro Rail, Airports, IT Communication, Social and Commercial Infrastructure (Educational Institution, Hospitals), Ports and Electro-Mechanical (E&M) works in respect of various other sectors like Steel, Refinery, etc.
REC Limited provides loans of various maturities to State, Central and Private Companies for creation of infrastructure assets in the country. REC Limited continues to play a key strategic role in the flagship schemes of the Government for the power sector and has been nodal agency for Pradhan Mantri Sahaj Bijli Har Ghar Yojana (SAUBHAGAYA), Deen Dayal Upadhaya Gram Jyoti Yojana (DDUGJY), National Electricity Fund (NEF) Scheme which resulted in strengthening of last mile distribution system, 100% village electrification and household electrification in the country. REC has also been made the nodal agency for certain States and Union Territories for the Revamped Distribution Sector Scheme (RDSS). REC has also been given the responsibility of PM Surya Ghar Muft Bijli Yojna from Central Government. The Loan Book of REC stands at ₹5.66 lakh crore, and Net Worth at ₹77,638 crores as on March 31, 2025.
