Public infrastructure finance company REC Limited recorded a total income of ₹142.86 billion (~$1.63 billion) for the third quarter (Q3) of the financial year (FY) 2025, an 18% year-over-year (YoY) increase.

REC’s net profit for the quarter rose 23% YoY to ₹40.76 billion (~$465.35 million).

The company’s earnings per share (EPS) came in at ₹15.48 (~$0.18) compared to ₹12.56 (~$0.14) in the corresponding quarter last year.

REC approved loans totaling ₹848.08 billion (~$9.68 billion) during the quarter, a 36% decrease YoY. The generation, and infrastructure and logistics sectors received the highest share at 26% each, followed by renewables (24%) and distribution (16%).

Loan approvals for renewables totaled ₹207.28 billion (~$2.36 billion), a fall of 72% YoY.

Disbursements for Q3 amounted to ₹546.92 billion (~$6.24 billion), an 18% YoY increase from ₹463.59 billion (~$5.29 billion). The distribution sector received (60%) of the disbursements, followed by generation (16%), renewables (12%), and infrastructure and logistics (6%).

Renewable energy loan disbursement totaled ₹63.14 billion (~$720.75 million), up 57% YoY.

REC’s net credit-impaired assets stood at 0.74% during the quarter, down from 0.82% in the corresponding period the previous year.

REC’s total loan book at the end of Q3 grew to ₹5.66 trillion (~$64.61 billion), a 14% YoY increase.

9M FY 2025

REC recorded a total income of ₹410.85 billion (~$4.69 billion) in the first nine months of (9M) FY 2025, an 18% YoY increase.

The company’s net profit rose 15% YoY to ₹115.74 billion (~$1.32 billion).

The company’s EPS came in at ₹43.95 (~$0.50), a 15% YoY decline from ₹38.23 (~$0.44).

In 9M FY 2025, REC approved ₹2.72 trillion (~$31.05 billion) in loans, a 17% decrease YoY. Loans approved for the renewables sector comprised 29% of the total value. It was followed by generation (28%), distribution (18%), and infrastructure and logistics (16%).

Loan approvals for renewables totaled ₹791.35 billion (~$9.03 billion), a fall of 36% YoY.

Total disbursements reached the highest ever for a 9M period at ₹1.46 trillion (~$16.66 billion), a 19% YoY increase. During 9M FY 2025, the distribution sector received 55% of the loan disbursements. It was followed by generation (14%) and renewables (12%).

Renewable energy loans disbursed during 9M FY 2025 grew 79% YoY to ₹176.12 billion (~$2.01 billion).

REC recorded a total income of ₹135.95 billion (~$1.62 billion) in Q2 FY25, a 17% YoY increase.