REC Limited , a leading power sector financier, has reported a robust performance for the quarter, with a significant increase in net profit and the declaration of an interim dividend.

Strong Financial Performance

The company's unaudited financial results reveal a substantial growth in net profit. REC Limited posted a net profit of ₹44.50 billion, marking a 29% increase compared to ₹34.42 billion in the same quarter of the previous year.

Key Financial Highlights

• Revenue: The company's revenue grew to ₹142.00 billion from ₹125.00 billion in the corresponding period of the previous year.
• Interest Income: The interest income on loan assets rose to ₹141.92 billion from ₹125.00 billion year-on-year, indicating growth in the company's core lending business.
• Total Revenue: The total income for the quarter stood at ₹147.34 billion, up from ₹130.37 billion in the corresponding quarter last year.
• Earnings Per Share: The basic and diluted earnings per share (not annualized) improved to ₹16.90, compared to ₹13.07 in the same quarter of the previous fiscal year.

Dividend Declaration

In a move that will benefit shareholders, REC Limited's Board of Directors has declared an interim dividend of ₹4.60 per equity share. The record date for this dividend has been set as August 1, with the payment to be made on or before August 21.

Financial Position

REC Limited maintains a strong financial position:

These figures demonstrate the company's robust capital base and effective management of asset quality.

Corporate Governance

The Board has also taken steps to enhance corporate governance:

1. Appointed M/s. Agarwal S. & Associates as Secretarial Auditor for five consecutive financial years, subject to shareholder approval.
2. Amended the Code of Conduct for insider trading regulations to ensure compliance with the latest regulatory requirements.

Outlook

With a strong performance this quarter, REC Limited appears well-positioned to continue its growth trajectory in the power and infrastructure financing sector. The company's ability to increase its interest income and maintain asset quality bodes well for its future performance.

Investors and stakeholders will be watching closely to see if REC Limited can maintain this momentum in the coming quarters, especially given the critical role it plays in financing India's power sector development.

REC Limited , a Maharatna company in the energy sector, has announced a crucial board meeting scheduled for July 24, 2025. The meeting agenda includes two significant items that could impact investors and stakeholders.

Financial Results Review

The board of directors will convene to consider and approve the unaudited financial results for the first quarter of the fiscal year 2025-26, ending June 30, 2025. This review will encompass both standalone and consolidated financial statements, providing a comprehensive overview of the company's performance in the initial quarter of the financial year.

Potential Interim Dividend

In addition to reviewing the financial results, the board will also deliberate on the declaration of the first interim dividend for the financial year 2025-26. This consideration could potentially lead to a dividend announcement, subject to the board's decision.

Trading Window Closure

In compliance with regulatory requirements and the company's internal code of conduct, REC Limited has implemented a trading window closure. This precautionary measure is designed to prevent insider trading and ensure fair market practices. Key details of the trading window closure include:

• Closure Period: July 1, 2025, to July 26, 2025
• Reopening: The trading window will reopen on July 27, 2025
• Affected Parties: Designated persons and their immediate relatives are prohibited from trading in REC's equity shares and other listed securities during this period

The company has emphasized that all designated persons and their immediate relatives should refrain from dealing in REC's equity shares or other listed securities during the closure period.

This board meeting and the subsequent announcements are likely to be of significant interest to investors and market analysts, as they may provide insights into REC Limited's financial health and shareholder returns for the current fiscal year.