REC Limited has informed the Exchange about Transcript
RECLTD · price
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REC Limited shared the transcript of its Q4 FY25 earnings call, led by new CMD Jitendra Srivastava (assumed charge April 22, 2025). The company reported its highest-ever annual profit of INR 15,713 crores, up 12% YoY, with net interest income growing 27% to nearly INR 20,000 crores and total income rising 20% to ~INR 56,000 crores. Loan book expanded 11% YoY to INR 5.67 lakh crores, while disbursements grew 18% YoY to INR 1.91 lakh crores, with renewable energy disbursements surging 63% to INR 26,000 crores. Asset quality improved sharply, with gross NPA falling to 1.35% (from 2.71%) and net NPA to 0.38% (from 0.9%), and management targets net zero NPA by FY26. The Board declared a final dividend of INR 2.60/share, taking total FY25 dividend to INR 18/share (13% increase). Management guided for ~12% AUM growth, NIM of 3.5-3.75%, spread of 2.75-3%, and a INR 10 lakh crore loan book by 2030.
Record profits, improving asset quality, and clear multi-year growth targets should support positive investor sentiment, while the 13% dividend growth and net zero NPA aspiration add further confidence. However, elevated prepayments (~INR 34,000 crores in FY25) and a declining interest rate environment may keep AUM growth capped around the guided 12% rather than the underlying 18% pace.