REC Ltd, a non-banking financial company focused on the power sector, has reported a record net profit of INR 15,713 crore for FY 2024-25, marking a 12% increase from INR 14,019 crore in FY 2023-24. Total income rose by 19% year-on-year to INR 55,980 crore.
“Owing to growth across all verticals, the resetting of interest rates on loan assets, and effective management of finance costs, REC has been able to maintain its spreads and net interest margins (NIMs), resulting in a robust profit after tax of INR 15,713 crore for the year ended March 31, 2025. As a result, the earnings per share (EPS) for the year ended March 31, 2025 accelerated to INR 59.55 (annualized) per share as against INR 53.11 per share as af March 31, 2024,” the company stated.
For Q4 FY 2024-25, REC reported a net profit of INR 4,236 crore, a 5% year-on-year increase. Total income for the quarter rose 20% year-on-year to INR 15,174 crore.
During FY 2024-25, loan sanctions to renewable energy projects (including large hydro) totaled INR 1,05,259 crore, accounting for 31% of the total INR 3,37,179 crore in sanctioned loans. In Q4 alone, the company sanctioned loans worth INR 65,365 crore, with INR 26,124 crore (41%) directed toward renewable energy initiatives.
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