REC Q3 Results: Profit Up 15% to Rs 11,574 Cr, Dividend Declared

REC Q3 Results: Net Profit Climbs 15% YoY to Rs 11,574 Crore, Revenue Up 18%

REC Ltd has announced its Q3 results, reporting a 15% year-on-year (YoY) increase in net profit to Rs 11,574.25 crore. The company's total revenue from operations also saw significant growth, rising by 18% YoY.

Key Financial Highlights

The company's financial performance for the quarter ended December 31, 2024, is summarized below:

• Net Profit: Increased by 15% YoY, reaching Rs 11,574.25 crore compared to Rs 10,066.31 crore in the same quarter last year.
• Revenue from Operations: Rose by approximately 17.81% YoY, reaching Rs 41,033.01 crore compared to Rs 34,827.57 crore in the corresponding period.
• Total Income: Including other income, REC’s total income reached Rs 41,085.66 crore, up from Rs 34,864.57 crore in 2023.

Interim Dividend Announcement

In addition to the quarterly results, REC's board has approved a third interim dividend of Rs 4.30 per share for the financial year 2024-25. The record date for determining shareholder eligibility for this dividend is February 14, 2025. The dividend is expected to be credited to shareholder accounts on or before March 16.

Market Reaction

Following the announcement of the Q3 results, the shares of REC experienced a decline of 2.5%, trading at Rs 429.40 on the BSE on Thursday.

REC's solid financial performance reflects its continued growth and stability in the power finance sector. The significant increase in both net profit and revenue underscores the company's strong operational capabilities and strategic initiatives.

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Categories: power finance, REC Q3 results, Stock Market News