Public infrastructure finance company REC Limited recorded a total income of ₹153.48 billion (~$1.79 billion) for the fourth quarter (Q4) of the financial year (FY) 2025, a 21% year-over-year (YoY) increase.

REC’s net profit for the quarter rose 6% YoY to ₹43.09 billion (~$502.29 million).

The company’s earnings per share (EPS) came in at ₹16.24 (~$0.19) compared to ₹15.36 (~$0.18) in the corresponding quarter last year.

REC approved loans totaling ₹653.65 billion (~$7.61 billion) during the quarter, a 99% increase YoY.

Renewables received the highest share at 40%, followed by distribution (28%) and conventional power generation (21%). Loan approvals for renewables totaled ₹261.24 billion (~$3.05 billion), an increase of 128% YoY.

Disbursements for Q4 amounted to ₹455.38 billion (~$5.3 billion), a 16% YoY increase. The distribution sector received 51% of the disbursements, followed by renewables (19%) and conventional generation (16%).

Renewable energy loan disbursement totaled ₹85.75 billion (~$999.43 million), up 39% YoY.

REC’s total loan book at the end of Q4 grew to ₹5.67 trillion (~$66.08 billion), an 11% YoY increase.

REC’s net credit-impaired assets stood at 0.38% during the quarter, down from 0.86% in the previous year’s corresponding quarter.

FY 2025

REC recorded a total income of ₹564.34 billion (~$6.57 billion) in FY 2025, an 18% YoY increase.

The company’s net profit rose 12% YoY to ₹158.84 billion (~$1.85 billion).

The company’s EPS came in at ₹60.20 (~$0.70) compared to ₹53.59 (~$0.62) last year.

In FY 2025, REC approved ₹3.37 trillion (~$39.34 billion) in loans, a 6% YoY decrease. Loans approved for the renewables sector comprised 31% of the total value. It was followed by conventional generation (27%) and distribution (20%).

Loan approvals for renewables totaled ₹1.05 trillion (~$12.23 billion), a fall of 23% YoY.

Total disbursements reached the highest for a year at ₹1.91 trillion (~$22.25 billion), an 18% YoY increase. During FY 2025, the distribution sector received 53% of the loan disbursements. It was followed by conventional generation and renewables at 14% each.

Renewable energy loans disbursed during FY 2025 grew 63% YoY to ₹261.86 billion (~$3.95 billion).

REC recorded a total income of ₹142.86 billion (~$1.63 billion) in the previous quarter, an 18% YoY increase.