REC Ltd in Focus: PSU Shares plummets amid slashing AUM growth guidance for FY26
The PSU Firm is expected now AUM to settle between 11% and 13% from 15% and 17% projected earlier.
Shares of REC Ltd are in focus after falling 2.92% as the firm has slashes its growth guidance for its Assets Under Management (AUM) during its earnings call on Wednesday, May 14.
The PSU Firm is expected now AUM to settle between 11% and 13% from 15% and 17% projected earlier. Meanwhile, the company also mentioned that it is targeting a loan book of Rs 10 lakh crore by 2030, with an annual loan book growth of 12%.
The margin is expected to continue in the range of 3.5% to 3.75% going forward.
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REC Financial Performance:
REC Ltd has reported its March quarter results, where its net profit has risen by 5.5% from last year to Rs 4,236 crore, while its core income or Net Interest Income (NII) grew by 37.6% on a year-on-year basis to Rs 5,877 crore. The board had also proposed a final dividend of Rs 2.6 per share, taking the total payout for the full financial year 2025 to Rs 18 per share.
Shares of REC Ltd were closed at Rs 390.00, down by 2.92%. The stock was opened at Rs 400.00. The market capitalization of the firm is Rs 1.02 lakh crore. The stock has been down by -22.86% YTD from current price
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