Shares of REC Limited declined over 2% from the day’s high on Tuesday, trading at ₹398.40, down 0.83% from the previous close. The stock touched an intraday high of ₹407.05 before slipping amid management commentary in its Q4 FY25 concall.
During the earnings call, REC revised its asset under management (AUM) growth guidance to 11–13%, down from the earlier projection of 15–17%. The lowered outlook weighed on investor sentiment despite a resilient financial performance for the March quarter.
REC, a Maharatna PSU and systemically important NBFC, reported a 5.5% year-on-year rise in consolidated net profit for Q4 FY25 at ₹4,236 crore, up from ₹4,016 crore in the corresponding quarter last year. Net interest income (NII) rose sharply by 37.6% YoY to ₹5,877 crore compared to ₹4,272.5 crore in Q4 FY24.
In addition, the board approved the formation of a 50:50 joint venture between REC Power Development and Consultancy Ltd (RECPDCL) and Bharat Heavy Electricals Ltd (BHEL). The JV will focus on renewable energy and infrastructure projects, pending necessary approvals.
As of 11:29 AM, REC’s market capitalization stood at ₹1.05 lakh crore, with the stock trading in a range of ₹397.10 to ₹407.05 for the day.
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