Latest news with #RECLimited
Mint
25-07-2025
- Business
- Mint
REC share price in focus after Q1 results, dividend: Should you buy this PSU stock?
REC share price: Shares of public sector undertaking (PSU), REC Limited, gained traction in the early morning trade on Friday, July 25, following the announcement of the results for the April-June quarter, along with an interim dividend for fiscal year 2025-26 (FY26). REC share price was stuck in a tight range of ₹ 400 to ₹ 408 apiece on the BSE in early trade amid weakness in the Indian stock market. The PSU stock opened nearly 1% higher at ₹ 408.80 apiece but soon reversed gains to trade at the day's low of ₹ 400.65. REC Ltd, on Thursday after market hours, posted a 29% increase in its consolidated net profit to ₹ 4,465.71 crore for the June quarter compared to the year-ago period, mainly on the back of higher revenues. The figure stood at ₹ 3,460.19 crore in the quarter ended on June 30, 2024. Total income rose to ₹ 14,823.98 crore in the quarter under review from ₹ 13,092.44 crore in the same period a year ago. The loan book has maintained its growth trajectory on a sustained basis to ₹ 5.85 lakh crore as against ₹ 5.30 lakh crore as on June 30, 2024. The net credit-impaired assets as on June 30, 2025, have reduced to 0.24 per cent from 0.82 per cent as on June 30, 2024, with a Provision Coverage Ratio of 77.05 per cent on NPA assets, as on June 30, 2025. The company's board also approved an interim dividend of ₹ 4.60 apiece for FY26. It has fixed August 1 as the record date for determining the eligibility of the shareholders for the said dividend. REC added that the dividend shall be paid on or before August 21, 2025, to those shareholders whose names appear as beneficial owners in the statement(s) furnished by the depository(ies) as on the close of business hours on August 1, 2025. Additionally, REC also announced the record date for the final dividend of FY25 as August 14. REC has been trading sideways for the past 102 sessions, with its range gradually contracting—a classic sign of fading momentum, said Anshul Jain, Head of Research at Lakshmishree Investment. "On the weekly charts, this price action is taking the shape of a bearish flat base, a structure that often signals weakness before a breakdown. The shrinking volatility and lack of bullish follow-through indicate indecision among participants, he said. According to him, a decisive break below the current base will likely attract fresh selling, pushing the stock toward the 340 zone. Until then, traders should stay cautious and avoid aggressive longs unless the stock shows clear signs of strength or volume-based support, advised Jain. Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Business Upturn
24-07-2025
- Business
- Business Upturn
REC announces Rs 4.60 interim dividend and proposes Rs 2.60 final dividend for FY25
By Aditya Bhagchandani Published on July 24, 2025, 16:15 IST REC has declared its 1st interim dividend of ₹4.60 per share for FY26. The record date for eligibility is August 1, 2025, and payment will be made by August 21, 2025. Additionally, the company has proposed a final dividend of ₹2.60 per share for FY25, subject to shareholder approval at the upcoming AGM. The record date for this final dividend is set as August 14, 2025, with payment to follow within 30 days post-approval. Total dividend payout (interim + proposed final): ₹7.20 per share REC Limited also reported a consolidated net profit of Rs 4,465.71 crore for the quarter ended June 30, 2025 (Q1 FY26), marking a 29% year-on-year (YoY) rise compared to Rs 3,460.19 crore in the same quarter last year. The company's total revenue from operations stood at Rs 14,737.45 crore, reflecting a 13% YoY growth from Rs 13,078.66 crore in Q1 FY25. Total income, including other income, was reported at Rs 14,823.98 crore in Q1 FY26, up from Rs 13,092.44 crore a year ago. Profit before tax for the quarter stood at Rs 5,666.41 crore, compared to Rs 4,349.23 crore in the corresponding quarter of the previous year. REC incurred total expenses of Rs 9,157.57 crore during the reporting quarter, slightly up from Rs 8,743.22 crore in Q1 FY25. Finance costs stood at Rs 8,934.18 crore for the quarter. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
24-07-2025
- Business
- Business Upturn
REC Q1 Results: Revenue from operations up 13% to Rs 14,737 crore, Net profit rises 29% YoY
REC Limited reported a consolidated net profit of Rs 4,465.71 crore for the quarter ended June 30, 2025 (Q1 FY26), marking a 29% year-on-year (YoY) rise compared to Rs 3,460.19 crore in the same quarter last year. The company's total revenue from operations stood at Rs 14,737.45 crore, reflecting a 13% YoY growth from Rs 13,078.66 crore in Q1 FY25. Total income, including other income, was reported at Rs 14,823.98 crore in Q1 FY26, up from Rs 13,092.44 crore a year ago. Profit before tax for the quarter stood at Rs 5,666.41 crore, compared to Rs 4,349.23 crore in the corresponding quarter of the previous year. REC incurred total expenses of Rs 9,157.57 crore during the reporting quarter, slightly up from Rs 8,743.22 crore in Q1 FY25. Finance costs stood at Rs 8,934.18 crore for the quarter. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Insider
05-07-2025
- Business
- Business Insider
REC Limited (RECLTD) Gets a Buy from Macquarie
In a report released on July 3, Suresh Ganapathy from Macquarie maintained a Buy rating on REC Limited, with a price target of INR555.00. The company's shares closed yesterday at INR393.65. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Ganapathy is a 2-star analyst with an average return of 2.5% and a 50.00% success rate. Ganapathy covers the Financial sector, focusing on stocks such as Shriram Finance Limited, Bajaj Finance Limited, and Bank of Baroda. In a report released on July 2, Bernstein also maintained a Buy rating on the stock with a INR505.00 price target. Based on REC Limited's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of INR68.45 billion and a net profit of INR43.1 billion. In comparison, last year the company earned a revenue of INR116.42 billion and had a net profit of INR40.79 billion
&w=3840&q=100)
Business Standard
23-06-2025
- Business
- Business Standard
Yield on AAA-rated PSU bonds breaches 7% as long-term rates firm up
Yields on 10-year AAA-rated public sector undertaking (PSU) bonds in India's corporate bond primary market exceeded the 7 per cent threshold on Monday, after a gap of three months, as long-term rates continue to rise. Notably, REC Limited raised ₹2,865 crore through 10-year bonds at a coupon rate of 7.06 per cent. Additionally, the company secured ₹4,000 crore via 2-year bonds at a 6.60 per cent coupon rate. 'REC's 10-year issuance today saw a cut-off of 7.06 per cent confirming the firming yield trend. Despite the upward movement, limited fresh supply of 10-year bonds and sustained investor demand in REC bond have helped keep the coupon levels orderly,' said Venkatakrishnan Srinivasan, founder and managing partner of Rockfort Fincap LLP. Meanwhile, the yield on short term bonds -- particularly up to the 5-year segment -- have been witnessing strong demand post monetary policy review outcome earlier this month. These instruments are typically bought for interest income rather than capital gains. A combination of monetary policy easing, abundant liquidity infusion in the system, and Cash Reserve Ratio (CRR) cut by the Reserve Bank of India (RBI) in the recent monetary policy review weighed on the short term bond yields, said dealers. 'There is demand for short term bonds after the policy, but the rates on papers of tenure 10 year and above are rising, and they are expected to harden further. The 10-year government bond yield touched 6.40 per cent today (Monday), which eventually reflects in the corporate bond primary market,' said a dealer at a state-owned bank. The yield spread between 3-year government bond and benchmark 10-year bond has increased by more than three-fold to 48 basis points, against 15 bps at the start of the financial year, whereas, in the current calendar year the yield spread has widened by twelve times. Since January, the RBI has injected ₹9.5 trillion of durable liquidity into the banking system. This infusion helped shift liquidity conditions from a sustained deficit since mid-December to a surplus by end of March. The transition was reflected in the muted demand for daily VRR auctions and elevated SDF balances, which averaged ₹2.0 trillion during April–May. Of the total liquidity injection, ₹5.2 trillion came through open market purchases (including secondary market purchases), while long term VRR auctions and USD/INR buy-sell swaps added ₹2.1 trillion and ₹2.2 trillion, respectively. The net liquidity in the banking system was in a surplus of ₹2.41 trillion as of Sunday, latest data by the RBI showed. The domestic rate setting panel cut the banks' cash reserve ratio (CRR) by 100 basis points to 3 per cent of their net demand and time liabilities in four tranches starting September. The reduction in CRR is expected to infuse ₹2.5 trillion of primary liquidity in the banking system by the end of November.
