Take a fresh look at your lifestyle.

REC declares its Financial Results for Q4 and 12M FY22

REC records its highest annual profit at ₹10,046 Crores

Gurugram: The Board of Directors of REC Limited approved the audited standalone and consolidated financial results for Q4 & 12M FY22.

Operational and Financial Highlights – FY22 vs FY21 (Standalone)

Total Income: ₹39,230 crores vs. ₹35,410 crores, up 11%

Net Profit: ₹10,046 crores vs. ₹8,362 crores, up 20%

Operational and Financial Highlights – Q4 FY22 vs Q4 FY21 (Standalone)

Midle of the post

Total Income: ₹9,602 crores vs. ₹9,150 crores, up 5%

Net Profit: ₹2,288 crores vs. ₹2,070 crores, up 11%

Owing to the corporation’s sound income, effective cost management and resultant quarterly profit, the Earnings Per Share for the year ended 31st March 2022 increased to ₹50.87 as against ₹42.34 per share as at 31st March 2021. Aided by the growth in profits, the Net Worth of the company during FY22 climbed to ₹50,986 crores , registering an increase of 17% YoY.

In spite of sluggish credit offtake across the infrastructure sector as a result of the Covid-19 pandemic, REC has increased its Loan book by 2% to ₹3.85 lakh crore. With an objective of improving its stressed loan assets, REC has successfully resolved three projects worth ₹2,550 crores during Q4 FY22. Consequently, the Net Credit-impaired assets have reduced to 1.45% during FY22, with a comfortable Provision Coverage Ratio of 67.40%.

With strong order book and Capital Adequacy Ratio of 23.61% as at 31st March 2022, REC has a solid foundation and an ample number of opportunities to support its future growth.

Continuing with the tradition of rewarding its shareholders, in addition to the interim dividends already paid totaling to ₹10.50/- per equity shares, the Board of Directors of the Company have declared a final dividend of ₹4.80/- per equity share for the FY 21-22, subject to approval of shareholders in the ensuing AGM. This translates to a 153% dividend payout on face value of ₹10/- per share.


Leave A Reply

Your email address will not be published.

If you're looking for a fun and exciting new casino destination, look no further than Pin Up Casino India! Our online casino https://pinupcasino-india.in offers players a wide range of games to choose from, as well as some great bonus offers. We know that Indian players are looking for the best online gaming experience, and we are committed to providing just that! So come join us at Pin Up Casino India today and see what all the fuss is about!