REC clocks highest-ever quarterly profit of Rs 4,451 crore

State-owned REC Ltd said on Thursday that it has clocked highest-ever quarterly profit of Rs 4,451 crore of the current financial year.

The Board of Directors of REC Limited approved the limited reviewed standalone and consolidated financial results for the quarter ended June 30, 2025.

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Owing to growth in all the verticals, REC is able to maintain its spreads at 2.96 per cent and NIM at 3.74 per cent, resulting in robust quarterly profit after tax of Rs 4,451 crore. As a result, the Annualised Earnings Per Share (EPS) for the period ended June 30, 2025 accelerated by 29 per cent to Rs 67.60 per share as against Rs 52.28 per share as at June 30, 2024.

The loan book has maintained its growth trajectory on a sustained basis to Rs 5.85 lakh crore as against Rs 5.30 lakh crore as on June 30, 2024. The net credit-impaired assets as on June 30, 2025 have reduced to 0.24 per cent from 0.82 per cent as on June 30, 2024 with Provision Coverage Ratio of 77.05 per cent on NPA assets, as on June 30, 2025.

Aided by growth in profits, the Net Worth has grown to Rs 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 Rs 4.60 per equity share (on face value of Rs 10 each).