REC announces Rs 3.60 interim dividend for FY25

REC, a public sector company in India, has announced its fourth interim dividend for the financial year 2024-25. The company will pay Rs 3.60 per share. The record date to be eligible for this dividend is March 26, 2025, and payments will be made by April 16, 2025. On the day of the announcement, REC's shares rose by 1.55% to reach Rs 427.95 per share. The stock price was up from the previous day's close of Rs 421.40. REC has a market capitalization of Rs 1.12 lakh crore and is included in the BSE 100 index. The announcement came after a board meeting on March 19, 2025. The board approved the dividend and set the relevant dates for payment and record keeping. In terms of financial performance, REC has shown strong numbers. For the quarter ending December 2024, the company reported revenue of Rs 14,157.19 crore. Over the first nine months of the financial year, revenue totaled Rs 47,214.15 crore. REC’s net profit for the quarter was Rs 4,029.09 crore, leading to an earnings per share (EPS) of 15.31. For the nine-month period, the EPS stood at 53.11.