REC Limited (NSE: RECLTD)

REC Limited Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Interest and Dividend Income	505,224	464,337	388,582	381,987	347,215	297,087
Total Interest Expense	320,791	299,526	237,299	220,475	214,867	189,867
Net Interest Income	184,434	164,811	151,283	161,512	132,348	107,220
Commissions and Fees	2,407	2,360	2,872	5,728	953.8	389.5
Gain (Loss) on Sale of Investments	3,103	489.3	-239	-47.9	264.1	218.7
Other Revenue	4,283	7,984	3,645	5,150	7,123	2,088
Revenue Before Loan Losses	194,226	175,645	157,561	172,343	140,689	109,917
Provision for Loan Losses	-3,409	-13,671	1,051	34,344	23,633	8,849
Revenue	197,635	189,316	156,510	137,999	117,056	101,067
Revenue Growth (YoY)	15.52%	20.96%	13.41%	17.89%	15.82%	3.33%
Salaries & Employee Benefits	2,594	2,332	2,075	1,843	1,659	1,978
Cost of Services Provided	4,511	5,029	3,080	2,840	2,716	3,748
Other Operating Expenses	973.5	795.8	1,142	737.3	1,591	1,449
Total Operating Expenses	8,317	8,397	6,540	5,603	6,075	7,292
Operating Income	189,317	180,919	149,970	132,397	110,981	93,776
Earnings From Equity Investments	-	-	-	-118.1	-19.7	91.4
Currency Exchange Gain (Loss)	-1,378	-1,666	-11,140	-7,991	-3,303	-23,579
EBT Excluding Unusual Items	188,224	179,403	138,987	124,297	107,836	70,317
Gain (Loss) on Sale of Investments	-	-	-	-287.2	-	-
Other Unusual Items	262.4	239	15.7	100.9	-	-
Pretax Income	188,478	179,599	138,977	124,305	107,796	70,300
Income Tax Expense	39,624	38,145	27,307	23,948	24,014	20,577
Net Income	148,854	141,455	111,670	100,357	83,782	49,723
Preferred Dividends & Other Adjustments	333	333	333	341.2	-	-
Net Income to Common	148,521	141,122	111,337	100,016	83,782	49,723
Net Income Growth	16.85%	26.67%	11.27%	19.78%	68.50%	-13.40%
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)	-	-	-	0.00%	-	-
EPS (Basic)	56.40	53.59	42.28	37.98	31.82	18.88
EPS (Diluted)	56.40	53.59	42.28	37.98	31.81	18.88
EPS Growth	16.90%	26.75%	11.33%	19.38%	68.49%	-13.40%
Free Cash Flow	-541,610	-577,568	-373,775	-8,715	-436,077	-325,549
Free Cash Flow Per Share	-205.68	-219.34	-141.95	-3.31	-165.61	-123.63
Dividend Per Share	17.000	16.000	12.600	11.480	9.533	8.250
Dividend Growth	20.57%	26.98%	9.76%	20.43%	15.55%	0%
Operating Margin	95.79%	95.56%	95.82%	95.94%	94.81%	92.79%
Profit Margin	75.15%	74.54%	71.14%	72.48%	71.57%	49.20%
Free Cash Flow Margin	-274.05%	-305.08%	-238.82%	-6.32%	-372.54%	-322.11%
Effective Tax Rate	21.02%	21.24%	19.65%	19.27%	22.28%	29.27%
Revenue as Reported	515,770	475,712	395,202	393,392	355,756	299,812

Source: S&P Capital IQ. Financial Services template. Financial Sources.