RECLTDNSEREC Limited· Financial InstitutionHighPositive
Announced Thu, 24 Jul · 15:41 IST

REC Limited has informed the Exchange that Board of Directors at its meeting held on July 24, 2025, declared Interim Dividend of Rs. 4.60 per equity share.

Corporate Actions View source PDF

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

REC Limited's Board declared a 1st interim dividend of Rs. 4.60 per equity share (on Rs. 10 face value) for FY25-26, with record date on August 1, 2025 and payment by August 21, 2025. A final dividend of Rs. 2.60 per share for FY24-25 was also announced (record date August 14, 2025), pending AGM approval. Q1 FY26 standalone net profit rose sharply to Rs. 4,451 crore from Rs. 3,442 crore in Q1 FY25, while total income grew to Rs. 14,734 crore from Rs. 13,037 crore. EPS improved to Rs. 16.90 from Rs. 13.07 YoY. Loan assets stood at Rs. 5.85 lakh crore with a healthy CRAR of 23.98%. The Board also appointed M/s. Agarwal S. & Associates as Secretarial Auditor for five years (FY25-26 to FY29-30) and amended the insider trading code.

Likely market impact

Strong ~29% YoY net profit growth, robust CRAR of nearly 24%, and steady dividend payouts reflect healthy financials. Shareholders holding shares by the August 1, 2025 record date will receive the interim dividend, providing near-term cash return. The Q1 performance may support positive investor sentiment.