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REC Q4 results: Maharatna PSU NII jumps 38% YoY; declares ₹2.60 final dividendREC posted a 5.5% year-on-year rise in Q4 profit, with NII jumping 38%. The board also recommended a final dividend of ₹2.60 per share.By Sheersh Kapoor   May 8, 2025, 4:27:34 PM IST (Published)1 Min ReadREC Ltd, 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, compared to ₹4,016 crore a year ago.

Net interest income (NII) saw a strong growth of 37.6% year-on-year, rising to ₹5,877 crore from ₹4,272.5 crore in the same quarter last year.

Apart from financial results, the board has approved the formation of a 50:50 joint venture between its subsidiary REC Power Development and Consultancy Ltd (RECPDCL) and Bharat Heavy Electricals Ltd (BHEL), another Maharatna PSU.

The JV will focus on renewable energy and other power and infrastructure projects, subject to necessary statutory and administrative approvals.

Also Read: Bharat Forge Q4 Results: Revenue falls 7% from last year, margin sees 20 bps expansion

The board also recommended a final dividend of ₹2.60 per share (face value ₹10), in addition to the ₹15.40 per share paid in four tranches during FY25. This takes the total dividend for the financial year to ₹18 per share.

Ahead of the results, REC shares ended 4.55% lower at ₹392.20 on the BSE.Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsearningsQ4 resultsREC LtdRural Electrification Corporation (REC)share market today