REC Q3 Results: Net Profit of Q3 rose by 23.2%, declares interim dividend
The company has also declared a third interim dividend of Rs 4.3 per share for the financial year 2025, for which the record date has been fixed as February 14.
REC Q3 Results: Net Profit of Q3 rose by 23.2%, declares interim dividend
On Thursday, February 6, REC Ltd.'s stock fell 2.6% after the company's loan growth in the December quarter fell short of management's expectations. While the management had projected that figure for the entire year to be between 15% and 17%, REC's loan growth for the October–December period was 13.5%.
The net profit for the quarter was Rs 4,029 crore, up 23.2% from the previous year, while the net interest income was Rs 4,855 crore, up 17% from the same period last year.
The NII amount is Rs 4,930 crore when total revenue is taken into account. At Rs 5,070 crore, the net interest income fell short of projections.
Join PSU Connect on WhatsApp now for quick updates! Click here
Read Also : Gas Release Incident at ONGC Rudrasagar Field: Situation Under Control
The company has also declared a third interim dividend of Rs 4.3 per share for the financial year 2025, for which the record date has been fixed as February 14.
Shares of REC ended 2.6% lower post the results on Thursday at Rs 428.8. The stock is down 34% from its record high of Rs 654.
Read Also : RBI approves Pralay Mondal's reappointment as MD & CEO of CSB Bank