REC Ltd Reports Profit Surge Amidst Strategic Ventures

REC Ltd, a state-owned power sector financier, posted a 5.66% rise in Q4 net profit to Rs 4,309.98 crore, fueled by higher revenues. The company plans a joint venture with BHEL and announced a total dividend of Rs 18 per share for FY25.

State-owned REC Ltd reported a significant 5.66% hike in its net profit for the fourth quarter of FY25, reaching Rs 4,309.98 crore. This impressive growth was primarily driven by increased revenues over the period.

In comparison, REC Ltd had recorded a net profit of Rs 4,079.09 crore during the same quarter of the previous fiscal year, highlighting its financial progress.

The board, showing confidence in its financial health, proposed a dividend of Rs 2.60 for 2024-25, adding to the interim dividend of Rs 15.40 already declared during FY25. REC also announced plans for a joint venture with BHEL, aiming at renewable energy and infrastructure projects.

(With inputs from agencies.)