Shares of REC Limited fell by over 3% today, trading at ₹426.75, down ₹13.50 from its previous close of ₹440.25, as of 3:23 PM IST. The decline followed the company’s Q3 FY25 results, where its net interest income (NII) came in below market estimates.
Key financial highlights for Q3 FY25:
- Net profit: ₹4,029 crore, up 23.2% YoY from ₹3,269 crore.
- Net interest income (NII): ₹4,855 crore, up 17% YoY from ₹4,159 crore but below estimates of ₹5,070 crore.
- Loan growth: 13.5% YoY, slightly lower than the company’s FY25 guidance of 15-17%.
Updated stock details:
- Current share price: ₹426.75
- Percentage change: -3.07%
- Day’s range: ₹425.85 – ₹446.50
- 52-week range: ₹402.00 – ₹654.00
- Market cap: ₹1.13 trillion
- P/E ratio: 7.56
- Dividend yield: 3.98%
Investors remain cautious due to REC’s missed NII target and slightly lower loan growth projections, which contributed to today’s stock decline despite strong profit growth.
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.
