REC Ltd. Q1 FY2025 results: revenue ₹13,079 crore, up 18.0% on the year
REC Ltd. (RECLTD) reported consolidated revenue from operations of ₹13,079 crore for Q1 FY2025, the quarter ended 30 June 2024, up 18.0% on the same quarter a year earlier. Profit after tax was ₹3,460 crore, up 16.6% on the year, and earnings per share ₹13.14. The figures are the company's own, from the unaudited results it filed with NSE on 27 July 2024.
The quarter, against the one before and a year earlier
| Line | Q1 FY2025 | Q4 FY2024 | Q1 FY2024 | Change on the year |
|---|---|---|---|---|
| Revenue from operations | 13,079 | 12,677 | 11,088 | +18.0% |
| Other income | 14 | 29 | 4 | +227.3% |
| Total income | 13,092 | 12,707 | 11,092 | +18.0% |
| Cost of materials consumed | 0 | 0 | 0 | n/a |
| Purchases of stock-in-trade | 0 | 0 | 0 | n/a |
| Changes in inventories | 0 | 0 | 0 | n/a |
| Employee benefit expense | 62 | 66 | 54 | +15.4% |
| Finance costs | 8,020 | 7,896 | 7,049 | +13.8% |
| Depreciation, depletion and amortisation | 6 | 6 | 6 | +1.4% |
| Other expenses | 183 | 234 | 194 | -5.3% |
| Total expenses | 8,743 | 7,477 | 7,371 | +18.6% |
| Profit before exceptional items and tax | 4,349 | 5,229 | 3,721 | +16.9% |
| Exceptional items | 0 | 0 | 0 | n/a |
| Profit before tax | 4,349 | 5,229 | 3,721 | +16.9% |
| Current tax | 956 | 906 | 801 | +19.4% |
| Deferred tax | -67 | 244 | -48 | n/a |
| Total tax | 889 | 1,150 | 753 | +18.0% |
| Profit after tax | 3,460 | 4,079 | 2,968 | +16.6% |
| Attributable to owners of the parent | 3,460 | 4,079 | 2,968 | +16.6% |
| Other comprehensive income | 83 | 1,167 | 182 | -54.7% |
| Total comprehensive income | 3,543 | 5,246 | 3,150 | +12.5% |
| EPS, basic | ₹13.14 | ₹15.36 | ₹11.27 | +16.6% |
| EPS, diluted | ₹13.14 | ₹15.36 | ₹11.27 | +16.6% |
₹ crore except per share.
Quarterly results, the last 12 quarters
| Q4 FY2023 | Q1 FY2024 | Q2 FY2024 | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q1 FY2026 | Q3 FY2026 | Q4 FY2026 | Q1 FY2027 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 10,243 | 11,088 | 11,688 | 12,052 | 12,677 | 13,079 | 13,682 | 14,272 | 14,737 | 15,018 | 14,564 | 14,435 |
| Expenses | 6,353 | 7,371 | 6,864 | 7,900 | 7,477 | 8,743 | 8,609 | 9,106 | 9,158 | 9,904 | 10,169 | 9,201 |
| Operating profit | 10,392 | 10,771 | 12,180 | 11,812 | 13,102 | 12,362 | 13,585 | 14,009 | 14,521 | 14,363 | 13,333 | 13,988 |
| OPM % | 101% | 97% | 104% | 98% | 103% | 95% | 99% | 98% | 99% | 96% | 92% | 97% |
| Other income | 12 | 4 | 13 | 20 | 29 | 14 | 24 | 15 | 87 | 41 | 20 | 35 |
| Interest | 6,496 | 7,049 | 7,350 | 7,654 | 7,896 | 8,020 | 8,506 | 8,837 | 8,934 | 9,243 | 8,931 | 8,748 |
| Depreciation | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 7 | 7 | 7 | 7 |
| Exceptional items | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -18 | 0 | 0 |
| Profit before tax | 3,901 | 3,721 | 4,838 | 4,172 | 5,229 | 4,349 | 5,097 | 5,181 | 5,666 | 5,136 | 4,415 | 5,268 |
| Tax % | 21% | 20% | 22% | 21% | 22% | 20% | 21% | 21% | 21% | 21% | 24% | 20% |
| Net profit | 3,065 | 2,968 | 3,790 | 3,308 | 4,079 | 3,460 | 4,038 | 4,076 | 4,466 | 4,052 | 3,375 | 4,193 |
| EPS in ₹ | ₹11.51 | ₹11.27 | ₹14.39 | ₹12.56 | ₹15.36 | ₹13.14 | ₹15.33 | ₹15.48 | ₹16.96 | ₹15.39 | ₹12.69 | ₹15.92 |
| Filing | NSE | NSE | NSE | NSE | NSE | NSE | NSE | NSE | Filing | Filing | Filing | Filing |
₹ crore except per share, consolidated, as filed with the exchange. Operating profit is sales less the expenses other than interest and depreciation, OPM is that over sales, and tax % is tax over profit before tax: arithmetic on the filed lines; everything else is as filed. Quarters before December 2024 are from the exchange's earlier results feed, which carries the filed lines without the filing itself; the column links to the exchange's page for the company.
Source
Unaudited consolidated results for the quarter ended 30 June 2024, filed with NSE on 27 July 2024: the result statement. All of REC Ltd.'s results: NSE company page.
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