REC Limited has informed the Exchange regarding Outcome of Board Meeting held on May 08, 2025.
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REC Limited's board approved audited standalone and consolidated financial results for Q4 FY25 and the full year ended March 31, 2025, with an unmodified (clean) audit opinion. Standalone net profit for FY25 rose to ₹15,713.21 crore from ₹14,019.21 crore, up about 12% year-on-year, while total income grew to ₹55,979.62 crore from ₹47,214.15 crore. Q4 FY25 net profit stood at ₹4,236.20 crore, slightly higher than ₹4,016.30 crore in Q4 FY24. The board recommended a final dividend of ₹2.60 per share, taking total FY25 dividend to ₹18 per share (face value ₹10), subject to shareholder approval. Asset quality improved sharply, with Gross Credit Impaired Assets Ratio falling to 1.35% from 2.71%, and ₹3,393 crore of stressed assets (KSK Mahanadi, Corporate Power) were resolved via IBC. REC also announced a 50:50 joint venture between its wholly-owned subsidiary RECPDCL and BHEL for renewable energy and power/infrastructure projects.
Strong earnings growth, a clean audit report, and improving asset quality are positives for shareholders, while the record ₹18 per share total dividend offers attractive yield support. The JV with BHEL signals a strategic push into renewable energy, which could support future growth, though REC's high debt-equity ratio (6.29x) remains typical for an NBFC.