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REC shares fall after PSU cuts AUM growth guidance for FY26Shares of REC are down over 40% from their 52-week high level of ₹654 that they had surged to back in 2024.By Hormaz Fatakia   May 14, 2025, 11:54:25 AM IST (Updated)1 Min ReadShares of REC Ltd. has cut its growth guidance for its Assets Under Management (AUM) during its earnings call on Wednesday, May 14.

The state-run company now expects its AUM to grow between 11% and 13% from 15% and 17% projected earlier.

REC reported its March quarter results last week, where its net profit went up 5.5% from last year to ₹4,236 crore, while its core income or Net Interest Income (NII) grew by 37.6% on a year-on-year basis to ₹5,877 crore.

REC's board had also proposed a final dividend of ₹2.6 per share, taking the total payout for the full financial year 2025 to ₹18 per share.

REC also approved the creation of a Joint Venture between its wholly-owned subsidiary and BHEL, which will focus on the development of renewable energy, power, and infrastructure projects.

Shares of REC are now down 3.2% after the growth guidance was cut at ₹288.8. The stock is down over 40% from its 52-week high of ₹654.

This is a developing story.Continue ReadingFirst Published: May 14, 2025 11:46 AM ISTCheck 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!TagsREC Ltdshare market today