Shares of REC gained 2.01% in Monday's session, with the stock currently trading at Rs 357.05. The stock is among the top gainers on Nifty Next 50.
REC is included as one of the stocks in the Nifty Next 50 index.
Financial Performance
Consolidated Quarterly Results
Here's a summary of REC's consolidated quarterly financial performance:
| Heading | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|
| Revenue | Rs 13,078.66 Crore | Rs 13,682.43 Crore | Rs 14,271.92 Crore | Rs 15,333.54 Crore | Rs 14,737.45 Crore |
| Net Profit | Rs 3,460.19 Crore | Rs 4,037.72 Crore | Rs 4,076.35 Crore | Rs 4,309.98 Crore | Rs 4,465.71 Crore |
| EPS | 13.14 | 15.33 | 15.48 | 16.24 | 16.96 |
The revenue for the quarter ending June 2025 was Rs 14,737.45 Crore, compared to Rs 15,333.54 Crore in March 2025, showing a decrease. Net profit for the same period increased to Rs 4,465.71 Crore from Rs 4,309.98 Crore in the previous quarter. Earnings per share (EPS) also increased from 16.24 to 16.96.
Consolidated Yearly Results
The consolidated yearly financial performance is as follows:
| Heading | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | Rs 35,552.68 Crore | Rs 39,269.05 Crore | Rs 39,478.26 Crore | Rs 47,504.75 Crore | Rs 56,366.55 Crore |
| Net Profit | Rs 8,380.21 Crore | Rs 10,047.51 Crore | Rs 11,166.98 Crore | Rs 14,145.46 Crore | Rs 15,884.23 Crore |
| EPS | 42.42 | 50.82 | 42.28 | 53.59 | 60.20 |
| BVPS | 218.77 | 257.00 | 218.47 | 261.25 | 295.52 |
| ROE | 19.39 | 19.77 | 19.41 | 20.56 | 20.41 |
| Debt to Equity | 7.63 | 6.56 | 6.62 | 6.48 | 6.38 |
The company's revenue for the year ending March 2025 stood at Rs 56,366.55 Crore, a notable increase compared to Rs 47,504.75 Crore in the previous year. Net profit also increased to Rs 15,884.23 Crore from Rs 14,145.46 Crore. The Earnings Per Share (EPS) rose from Rs 53.59 to Rs 60.20.
Consolidated Yearly - Income Statement
Here's a summary of the consolidated yearly income statement:
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Sales | 56,366 | 47,504 | 39,478 | 39,269 | 35,552 |
| Other Income | 67 | 66 | 41 | 70 | 22 |
| Total Income | 56,434 | 47,571 | 39,520 | 39,339 | 35,575 |
| Total Expenditure | 2,185 | -336 | 1,889 | 4,845 | 3,304 |
| EBIT | 54,248 | 47,907 | 37,631 | 34,493 | 32,270 |
| Interest | 34,131 | 29,947 | 23,733 | 22,050 | 21,489 |
| Tax | 4,233 | 3,814 | 2,730 | 2,394 | 2,401 |
| Net Profit | 15,884 | 14,145 | 11,166 | 10,047 | 8,380 |
The sales increased to 56,366 in March 2025 compared to 47,504 in March 2024. Net profit also increased from 14,145 to 15,884 during the same period.
Consolidated Quarterly - Income Statement
Here's a summary of the consolidated quarterly income statement:
| Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | |
|---|---|---|---|---|---|
| Sales | 14,737 | 15,333 | 14,271 | 13,682 | 13,078 |
| Other Income | 86 | 14 | 14 | 23 | 13 |
| Total Income | 14,823 | 15,348 | 14,286 | 13,706 | 13,092 |
| Total Expenditure | 223 | 1,090 | 268 | 103 | 722 |
| EBIT | 14,600 | 14,258 | 14,017 | 13,603 | 12,369 |
| Interest | 8,934 | 8,768 | 8,837 | 8,505 | 8,020 |
| Tax | 1,200 | 1,179 | 1,104 | 1,059 | 889 |
| Net Profit | 4,465 | 4,309 | 4,076 | 4,037 | 3,460 |
The sales decreased to 14,737 in June 2025 compared to 15,333 in March 2025. Net profit also increased from 4,309 to 4,465 during the same period.
Consolidated Balance Sheet
The consolidated balance sheet is as follows:
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Share Capital | 2,633 | 2,633 | 2,633 | 1,974 | 1,974 |
| Reserves & Surplus | 75,184 | 66,158 | 54,895 | 48,780 | 41,230 |
| Current Liabilities | 535,717 | 478,377 | 163,477 | 133,038 | 112,637 |
| Other Liabilities | 967 | 1,022 | 244,496 | 227,065 | 245,023 |
| Total Liabilities | 614,501 | 548,191 | 465,502 | 410,860 | 400,866 |
| Fixed Assets | 704 | 655 | 643 | 634 | 603 |
| Current Assets | 610,382 | 544,608 | 461,171 | 406,805 | 397,273 |
| Other Assets | 3,414 | 2,927 | 3,687 | 3,420 | 2,990 |
| Total Assets | 614,501 | 548,191 | 465,502 | 410,860 | 400,866 |
Cash Flow
The consolidated cash flow is as follows:
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Operating Activities | -39,064 | -57,722 | -37,359 | -3,909 | -43,512 |
| Investing Activities | -1,302 | -1,830 | -942 | -287 | 860 |
| Financing Activities | 40,033 | 59,587 | 38,122 | 3,158 | 42,113 |
| Others | 0 | 0 | 0 | 0 | 0 |
| Net Cash Flow | -332 | 34 | -179 | -1,038 | -538 |
Financial Ratios
Key financial ratios for REC:
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Basic EPS (Rs.) | 42.42 | 50.82 | 42.28 | 53.59 | 60.20 |
| Diluted EPS (Rs.) | 42.42 | 50.82 | 42.28 | 53.59 | 60.20 |
| Book Value /Share (Rs.) | 218.77 | 257.00 | 218.47 | 261.25 | 295.52 |
| Dividend/Share (Rs.) | 12.71 | 15.30 | 12.60 | 16.00 | 18.00 |
| Face Value | 10 | 10 | 10 | 10 | 10 |
| Gross Profit Margin (%) | 90.79 | 87.88 | 95.38 | 100.89 | 96.28 |
| Operating Margin (%) | 90.76 | 87.83 | 95.32 | 100.84 | 96.24 |
| Net Profit Margin (%) | 23.57 | 25.58 | 28.28 | 29.77 | 28.18 |
| Return on Networth / Equity (%) | 19.39 | 19.77 | 19.41 | 20.56 | 20.41 |
| ROCE (%) | 11.19 | 12.41 | 12.45 | 68.62 | 68.85 |
| Return On Assets (%) | 2.09 | 2.44 | 2.39 | 2.58 | 2.58 |
| Current Ratio (X) | 3.53 | 3.06 | 2.82 | 1.14 | 1.14 |
| Quick Ratio (X) | 3.53 | 3.06 | 2.82 | 1.14 | 1.14 |
| Debt to Equity (x) | 7.63 | 6.56 | 6.62 | 6.48 | 6.38 |
| Interest Coverage Ratios (X) | 1.50 | 1.57 | 1.59 | 1.60 | 1.59 |
| Asset Turnover Ratio (%) | 8.86 | 0.10 | 0.09 | 0.09 | 0.10 |
| Inventory Turnover Ratio (X) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 3 Yr CAGR Sales (%) | 25.28 | 24.34 | 14.90 | 15.59 | 19.81 |
| 3 Yr CAGR Net Profit (%) | 37.39 | 32.40 | 50.00 | 29.92 | 25.73 |
| P/E (x) | 2.32 | 1.82 | 2.73 | 8.42 | 7.13 |
| P/B (x) | 0.60 | 0.48 | 0.53 | 1.73 | 1.45 |
| EV/EBITDA (x) | 10.91 | 10.28 | 10.86 | 11.71 | 11.18 |
| P/S (x) | 0.73 | 0.62 | 0.77 | 2.50 | 2.01 |
Corporate Actions
REC has announced several corporate actions including dividend payouts and bonus issues. Key announcements include:
- Shareholder Meeting/Postal Ballot-Scrutinizer's Report: Intimation of Voting Results and Scrutiniser Report of 56th AGM was announced on August 29, 2025.
- Shareholder Meeting/Postal Ballot-Outcome of AGM: Proceedings of the 56th Annual General Meeting were announced on August 27, 2025.
- Analyst / Investor Meet - Outcome: Transcript of Investors Conference Call held on July 31, 2025, was announced on August 6, 2025.
Dividends
REC has announced multiple dividends:
- Final Dividend: Rs 2.60 per share (26%) announced on May 8, 2025, with an effective date of August 14, 2025.
- Interim Dividend: Rs 4.60 per share (46%) announced on July 24, 2025, with an effective date of August 1, 2025.
- Interim Dividend: Rs 3.60 per share (36%) announced on March 19, 2025, with an effective date of March 26, 2025.
- Interim Dividend: Rs 4.30 per share (43%) announced on February 6, 2025, with an effective date of February 14, 2025.
- Interim Dividend: Rs 4.00 per share (40%) announced on October 28, 2024, with an effective date of November 8, 2024.
Bonus History
- Bonus Ratio 1:3: Announced on June 30, 2022, with an ex-bonus date of August 17, 2022. The record date was August 18, 2022.
- Bonus Ratio 1:1: Announced on August 11, 2016, with an ex-bonus date of September 28, 2016. The record date was September 29, 2016.
REC's stock performance reflects an increase of 2.01% with the last traded price at Rs 357.05.
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