State-owned REC Ltd. will declare its Q3 results soon. The company has already confirmed its Q3 results announcement date to the bourses in a filing.
REC Ltd. is a non-banking financial company (NBFC) that is focused on power sector financing in India. Controlled by the Ministry of Power, REC disburses loans in various categories like renewable energy, green loans and more. The company has a total market cap of over Rs 1.08 lakh crore.
Here are all the key details you need to know about REC Q3 results.
REC Q3 Results: Date And Time
REC said that its board of directors will meet to consider and approve the October-December quarter results on Thursday, Feb. 6.
"This is to inform that a meeting of the Board of Directors of REC Limited will be held on Thursday, February 6, 2025 inter-alia to consider and approve unaudited financial results (standalone & consolidated) of the Company for the quarter and period ended December 31, 2024," the company said on Jan. 30.
The trading window for dealing in the securities of REC Ltd. will remain closed till Feb. 8 for designated persons and their immediate family members, the company said. The window had closed on Jan. 1.
REC Interim Dividend Details
The board of directors will also meet “to consider and declare the third interim dividend for the financial year 2024-25 if any”, REC said in its stock exchange filing.
REC in October 2024 declared the second interim dividend for shareholders in FY25, fixing it at Rs 4 per equity share.
REC Share Price History
Shares of REC Ltd. have witnessed a sharp decline over the past year on the NSE, falling nearly 19%. In the last six months, the stock has declined by 30.08%, while over the past month, the prices have gone down by 24.67%. Over the last five trading sessions on the NSE, the shares of REC have slipped 5.24%.
REC Q2 Results
State-run REC reported a 6.5% year-on-year increase in its consolidated net profit for the September 2024 quarter, reaching Rs 4,038 crore, compared to Rs 3,790 crore in the same period last year. The company's interest income surged by 18%, amounting to Rs 13,485 crore, up from Rs 11,399 crore in the corresponding quarter of the previous financial year.
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