REC Limited Income Statement

Financials in millions INR. Fiscal year is April - March.

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Interest and Dividend Income	585,781	551,136	464,337	388,582	381,987	347,215
Total Interest Expense	360,733	341,288	299,526	237,299	220,475	214,867
Net Interest Income	225,048	209,848	164,811	151,283	161,512	132,348
Commissions and Fees	12,333	3,937	2,360	2,872	5,728	953.8
Gain (Loss) on Sale of Investments	2,673	2,673	489.3	-239	-47.9	264.1
Other Revenue	1,641	5,933	7,984	3,645	5,150	7,123
Revenue Before Loan Losses	241,694	222,391	175,645	157,561	172,343	140,689
Provision for Loan Losses	2,847	8,862	-13,671	1,051	34,344	23,633
Revenue	238,847	213,528	189,316	156,510	137,999	117,056
Revenue Growth (YoY)	11.47%	12.79%	20.96%	13.41%	17.89%	15.82%
Salaries & Employee Benefits	2,706	2,706	2,334	2,075	1,843	1,659
Cost of Services Provided	5,076	5,350	5,029	3,080	2,840	2,716
Other Operating Expenses	2,075	2,249	794.1	1,142	737.3	1,591
Total Operating Expenses	10,124	10,552	8,397	6,540	5,603	6,075
Operating Income	228,723	202,976	180,919	149,970	132,397	110,981
Earnings From Equity Investments	-	-	-	-	-118.1	-19.7
Currency Exchange Gain (Loss)	-2,258	-2,082	-1,666	-11,140	-7,991	-3,303
EBT Excluding Unusual Items	218,619	201,194	179,403	138,987	124,297	107,836
Gain (Loss) on Sale of Investments	-32.6	-32.6	-	-	-287.2	-
Other Unusual Items	-153.9	28.9	239	15.7	100.9	-
Pretax Income	218,417	201,175	179,599	138,977	124,305	107,796
Income Tax Expense	45,986	42,332	38,145	27,307	23,948	24,014
Net Income	172,431	158,842	141,455	111,670	100,357	83,782
Preferred Dividends & Other Adjustments	333	333	333	333	341.2	-
Net Income to Common	172,098	158,509	141,122	111,337	100,016	83,782
Net Income Growth	10.16%	12.29%	26.67%	11.27%	19.78%	68.50%
Shares Outstanding (Basic)	2,633	2,633	2,633	2,633	2,633	2,633
Shares Outstanding (Diluted)	2,633	2,633	2,633	2,633	2,633	2,633
Shares Change (YoY)	-0.02%	-	-	-	-	-
EPS (Basic)	65.37	60.20	53.59	42.28	37.98	31.82
EPS (Diluted)	65.37	60.20	53.59	42.28	37.98	31.81
EPS Growth	10.20%	12.32%	26.75%	11.33%	19.38%	68.49%
Free Cash Flow	-	-391,484	-577,568	-373,775	-8,715	-436,077
Free Cash Flow Per Share	-	-148.67	-219.34	-141.95	-3.31	-165.61
Dividend Per Share	16.400	18.000	16.000	12.600	11.480	9.533
Dividend Growth	-19.61%	12.50%	26.98%	9.76%	20.43%	15.54%
Operating Margin	95.76%	95.06%	95.56%	95.82%	95.94%	94.81%
Profit Margin	72.05%	74.23%	74.54%	71.14%	72.48%	71.58%
Free Cash Flow Margin	-	-183.34%	-305.08%	-238.82%	-6.31%	-372.54%
Effective Tax Rate	21.05%	21.04%	21.24%	19.65%	19.27%	22.28%
Revenue as Reported	603,933	564,340	475,712	395,202	393,392	355,756

Source: S&P Global Market Intelligence. Financial Services template. Financial Sources.