Outcome of Board Meeting.
RECLTD · price
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REC Limited's board approved audited standalone and consolidated financial results for the quarter and year ended March 31, 2025. Standalone net profit for FY25 rose about 12% to Rs 15,713 crore on total income of Rs 55,980 crore, with Q4 FY25 net profit at Rs 4,236 crore (up from Rs 4,016 crore a year ago). The loan book grew to Rs 5.59 lakh crore and the gross credit-impaired assets ratio improved sharply to 1.35% from 2.71% last year. The board recommended a final dividend of Rs 2.60 per share, taking total FY25 dividend to Rs 18 per share (including Rs 15.40 interim paid in four tranches). Two stressed power assets - KSK Mahanadi Power and Corporate Power - with Rs 3,393 crore outstanding were resolved under the insolvency code, with Rs 734 crore written off. REC also announced a 50:50 joint venture between its wholly owned subsidiary RECPDCL and BHEL for renewable energy and power projects, and noted the change of share transfer agent from KFin Technologies to Alankit Assignments.
Shareholders benefit from steady earnings growth, a generous Rs 18 total dividend for FY25, and a clear improvement in asset quality. The BHEL joint venture strengthens REC's footprint in renewable energy, though the Rs 734 crore write-off highlights lingering stress in legacy power sector loans.