REC Limited (NSE:RECLTD)

REC Limited Income Statement

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

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Interest and Dividend Income	578,707	551,136	464,337	388,582	381,987
Total Interest Expense	362,381	341,288	299,526	237,299	220,475
Net Interest Income	216,325	209,848	164,811	151,283	161,512
Commissions and Fees	12,649	3,937	2,360	2,872	5,728
Gain (Loss) on Sale of Investments	-	2,673	489.3	-239	-47.9
Other Revenue	4,486	5,933	7,984	3,645	5,150
Revenue Before Loan Losses	233,460	222,391	175,645	157,561	172,343
Provision for Loan Losses	2,314	8,862	-13,671	1,051	34,344
Revenue	231,146	213,528	189,316	156,510	137,999
Revenue Growth (YoY)	8.25%	12.79%	20.96%	13.41%	17.89%
Salaries & Employee Benefits	2,715	2,706	2,334	2,075	1,843
Cost of Services Provided	6,598	5,350	5,029	3,080	2,840
Other Operating Expenses	1,808	2,249	794.1	1,142	737.3
Total Operating Expenses	11,392	10,552	8,397	6,540	5,603
Operating Income	219,755	202,976	180,919	149,970	132,397
Earnings From Equity Investments	-	-	-	-	-118.1
Currency Exchange Gain (Loss)	-2,726	-2,082	-1,666	-11,140	-7,991
EBT Excluding Unusual Items	217,471	201,194	179,403	138,987	124,297
Gain (Loss) on Sale of Investments	-9,625	-32.6	-	-	-287.2
Other Unusual Items	-182.8	28.9	239	15.7	100.9
Pretax Income	207,663	201,175	179,599	138,977	124,305
Income Tax Expense	44,582	42,332	38,145	27,307	23,948
Net Income	163,082	158,842	141,455	111,670	100,357
Preferred Dividends & Other Adjustments	-	333	333	333	341.2
Net Income to Common	163,082	158,509	141,122	111,337	100,016
Net Income Growth	2.67%	12.29%	26.67%	11.27%	19.78%
Shares Outstanding (Basic)	2,638	2,633	2,633	2,633	2,633
Shares Outstanding (Diluted)	2,638	2,633	2,633	2,633	2,633
Shares Change (YoY)	0.20%	-	-	-	-
EPS (Basic)	61.81	60.20	53.59	42.28	37.98
EPS (Diluted)	61.81	60.20	53.59	42.28	37.98
EPS Growth	2.68%	12.32%	26.75%	11.33%	19.38%
Free Cash Flow	58,964	-391,484	-577,568	-373,775	-8,715
Free Cash Flow Per Share	22.35	-148.67	-219.34	-141.95	-3.31
Dividend Per Share	18.550	18.000	16.000	12.600	11.480
Dividend Growth	3.06%	12.50%	26.98%	9.76%	20.43%
Operating Margin	95.07%	95.06%	95.56%	95.82%	95.94%
Profit Margin	70.55%	74.23%	74.54%	71.14%	72.48%
Free Cash Flow Margin	25.51%	-183.34%	-305.08%	-238.82%	-6.31%
Effective Tax Rate	21.47%	21.04%	21.24%	19.65%	19.27%
Revenue as Reported	596,284	564,340	475,712	395,202	393,392

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