REC Q3 Results: PAT advances 15% YoY to Rs 11,574.25 crore, revenue rises 18%

REC Ltd on Thursday announced its results for the third quarter ended December 2024, posting a 15% year-on-year (YoY) increase in its net profit to Rs 11,574.25 crore as against Rs 10,066.31 crore reported in the same quarter last year.

The company's total revenue from operations is reported at Rs 41,033.01 crore for the period ended December 31, 2024, compared to Rs 34,827.57 crore for the same period last year. This represents a year-over-year increase of approximately 17.81%.

Further, REC’s total income, which includes other income in addition to revenue from operations, reached Rs 41,085.66 crore, up from Rs 34,864.57 crore in 2023.

In addition to the quarterly results, REC has also approved a third interim dividend of Rs 4.30 per share for the financial year 2024-25 and has fixed February 14 as the record date to determine the shareholder eligibility.

“Board of Directors of REC Limited ("REC" I "the Company") in its meeting held on February 6, 2025, inter-alia considered and approved the following(s): Declaration of3" interim dividend @ f4.30/- (Rupees Four and Paise Thirty only) per equity share of~ OI- each for the financial year 2024-25. Further, the record date for the said interim dividend is Friday, February 14, 2025,” said REC in its filing to the stock exchanges.

Further to the record date, the company also informed that the dividend would be credited to the shareholder accounts on or before March 16.

Following the announcement of its third quarter results, the shares of REC fell by 2.5% to Rs 429.40 on the BSE on Thursday.

Also read: SBI Q3 Results: Standalone PAT jumps 84% YoY to Rs 16,891 crore, beats estimates

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