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		<title>REC Net Profit grow up 23% to ₹4,029 crore; Declares 3rd Interim Dividend of ₹4.30 per share</title>
		<link>https://newsmantra.in/rec-net-profit-grow-up-23-to-%e2%82%b94029-crore-declares-3rd-interim-dividend-of-%e2%82%b94-30-per-share/</link>
		
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		<pubDate>Fri, 07 Feb 2025 05:20:07 +0000</pubDate>
				<category><![CDATA[PSU Mantra]]></category>
		<category><![CDATA[3rd Interim Dividend]]></category>
		<category><![CDATA[CMD REC]]></category>
		<category><![CDATA[Q3 FY25]]></category>
		<category><![CDATA[REC]]></category>
		<category><![CDATA[REC Ltd]]></category>
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					<description><![CDATA[<p>REC Ltd on Thursday posted a 23 per cent rise in consolidated net profit to Rs 4,076.35 crore in the December quarter, aided by higher income. It had posted a net profit of Rs 3,308.42 crore in the October-December period of 2023-24 financial year, the company said in an exchange...</p>
<p>The post <a href="https://newsmantra.in/rec-net-profit-grow-up-23-to-%e2%82%b94029-crore-declares-3rd-interim-dividend-of-%e2%82%b94-30-per-share/">REC Net Profit grow up 23% to ₹4,029 crore; Declares 3rd Interim Dividend of ₹4.30 per share</a> appeared first on <a href="https://newsmantra.in">newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu &amp; Kashmir, Trending news | News Mantra</a>.</p>
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										<content:encoded><![CDATA[<p>REC Ltd on Thursday posted a 23 per cent rise in consolidated net profit to Rs 4,076.35 crore in the December quarter, aided by higher income. It had posted a net profit of Rs 3,308.42 crore in the October-December period of 2023-24 financial year, the company said in an exchange filing.</p>
<p><img fetchpriority="high" decoding="async" class="alignright wp-image-56379 size-full" src="https://newsmantra.in/wp-content/uploads/2025/02/CMD-REC.jpeg" alt="REC financial result Q3 FY25" width="198" height="255" />The company&#8217;s total income rose to Rs 14,286.91 crore in the reporting quarter from Rs 12,071.54 crore in the year-ago period. Total expenses stood at Rs 9,105.94 crore in the latest December quarter as against Rs 7,899.85 crore a year earlier.</p>
<p>The board of the company also approved a third interim dividend of Rs 4.30 per share for the financial year 2024-25.The interim dividend shall be paid on or before March 6, 2025 to shareholders.</p>
<p><strong> Operational and Financial Highlights: Q3 FY25 vs Q3 FY24 (Standalone)</strong><strong> </strong></p>
<ul>
<li>Q3 Net Profit grows ₹4,029 crore, up by 23%</li>
</ul>
<ul>
<li>Market capitalization grows ₹1,31,844 crore, up by 21%</li>
</ul>
<ul>
<li>Asset Under Management (AUM) grows to ₹65 lakh crore</li>
</ul>
<ul>
<li>3rd interim dividend of ₹30 per equity share (on face value of ₹10/- each)</li>
</ul>
<ul>
<li>Net interest income: ₹4,930 crore Vs ₹4,153 crore, up by 19%</li>
</ul>
<ul>
<li>Net credit-impaired assets reduced to 0.74% from 0.82%</li>
</ul>
<ul>
<li>Revenue from operations: ₹14,157 crore Vs ₹11,982 crore, up by 18%</li>
</ul>
<ul>
<li>Disbursements: ₹54,692 crore Vs ₹46,358 crore, up by 18%</li>
</ul>
<ul>
<li>Total income: ₹14,173 crore Vs ₹12,000 crore, up by 18%</li>
</ul>
<ul>
<li>Average cost of funds: 7.18% Vs 7.28%, reduction by 10 bps</li>
</ul>
<ul>
<li>Spread: 2.95% Vs 2.85%, up by 10 bps</li>
</ul>
<ul>
<li>Net interest margin: 3.66% Vs 3.61%, up by 5 bps</li>
</ul>
<p><strong><img decoding="async" class="wp-image-56382  alignright" src="https://newsmantra.in/wp-content/uploads/2025/02/REC-QR-IMAGE-1.jpg-REVISED.jpg" alt="REC financial result Q3 FY25" width="325" height="223" srcset="https://newsmantra.in/wp-content/uploads/2025/02/REC-QR-IMAGE-1.jpg-REVISED.jpg 901w, https://newsmantra.in/wp-content/uploads/2025/02/REC-QR-IMAGE-1.jpg-REVISED-300x206.jpg 300w, https://newsmantra.in/wp-content/uploads/2025/02/REC-QR-IMAGE-1.jpg-REVISED-768x528.jpg 768w, https://newsmantra.in/wp-content/uploads/2025/02/REC-QR-IMAGE-1.jpg-REVISED-582x400.jpg 582w, https://newsmantra.in/wp-content/uploads/2025/02/REC-QR-IMAGE-1.jpg-REVISED-585x402.jpg 585w" sizes="(max-width: 325px) 100vw, 325px" /></strong><strong>Operational and Financial Highlights: 9M FY25 vs 9M FY24 (Standalone)</strong><strong> </strong></p>
<ul>
<li>Net Profit: ₹11,477 crore Vs ₹10,003 crore, up by 15%</li>
</ul>
<ul>
<li>Net interest income: ₹14,191 crore Vs ₹11,422 crore, up by 24%</li>
</ul>
<ul>
<li>Revenue from operations: ₹40,752 crore Vs ₹34,533 crore, up by 18%</li>
</ul>
<ul>
<li>Disbursements: ₹1,45,647 crore Vs ₹1,22,089 crore, up by 19%, of which disbursements to renewables constituted:</li>
</ul>
<ul>
<li>₹17,612 crore Vs ₹9,858 crore, i.e. with YoY increase of 79%</li>
</ul>
<ul>
<li>Total income: ₹40,805 crore Vs ₹34,571 crore, up by18%</li>
</ul>
<ul>
<li>Spread: 2.94% Vs 2.82%, up by 12 bps</li>
</ul>
<ul>
<li>Net interest margin: 3.64% Vs 3.52%, up by 12 bps</li>
</ul>
<ul>
<li>Return on net worth: 21.07%</li>
</ul>
<p>The post <a href="https://newsmantra.in/rec-net-profit-grow-up-23-to-%e2%82%b94029-crore-declares-3rd-interim-dividend-of-%e2%82%b94-30-per-share/">REC Net Profit grow up 23% to ₹4,029 crore; Declares 3rd Interim Dividend of ₹4.30 per share</a> appeared first on <a href="https://newsmantra.in">newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu &amp; Kashmir, Trending news | News Mantra</a>.</p>
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