REC Limited has announced its results for the financial year (FY) 2024-25 ending March 31, 2025. For the fourth quarter of FY 2024-25 (Q4 FY 2024-25), the company reported disbursements of Rs 455.38 billion, marking a 16 per cent increase from Rs 393.74 billion in Q4 FY 2023-24. Net interest income stood at Rs 58.76 billion, reflecting a 38 per cent year-on-year increase from Rs 42.63 billion Q4 FY 2023-24. Net profit in Q4 FY 2024-25 reached Rs 42.36 billion with a growth of five per cent, up from Rs 40.16 billion in Q4 FY 2023-24. The total income grew by 24 per cent to Rs 151.74 billion, up from Rs 122.63 billion. Net interest margin for the quarter improved slightly to 3.64 per cent from 3.60 per cent in Q4 FY 2023-24.
For the full FY 2024-25, REC recorded disbursements of Rs 1,911.85 billion, compared to Rs 1,614.62 billion in FY 2023-24, representing an 18 per cent increase. Net interest income rose by 27 per cent to Rs 198.78 billion, and net profit increased 12 per cent year-on-year to Rs 157.13 billion. The net interest margin for the FY 2024-25 was reported to be 3.63 per cent, up from the 3.57 per cent in the previous financial year. Total income stood at Rs 559.80 billion, a 19 per cent rise from FY 2023-24. The company attributed the performance to interest rate resets on loan assets, growth across all verticals, and effective management of finance costs. Earnings per share for FY 2024-25 rose to Rs 59.55, up from Rs 53.11 in FY 2023-24.
REC’s loan book grew steadily to Rs 5.66 trillion as of March 31, 2025, up from Rs 5.09 trillion reported on March 31, 2024. Net credit-impaired assets declined to 0.38 per cent from 0.86 per cent following the resolution of five accounts amounting to Rs 61.71 billion. The company’s net worth increased by 13 per cent year-on-year from Rs 687.83 billion to Rs 776.38 billion. Additionally, the capital adequacy ratio stood at 25.99 per cent as of March 31, 2025. The board of directors recommended a final dividend of Rs 2.60 per share, bringing the total dividend for FY 2024-25 to Rs 18 per share, compared to Rs 16 per share in FY 2023-24.
