REC Ltd (NSE:RECLTD)

Q3 2025 REC Limited Earnings Call Transcript

Feb 6, 2025 / 03:30 AM GMT

Release Date Price: ₹441.2 (+1.62%)

Transcript

Key Points

Positve

REC Ltd (BOM:532955) reported a significant increase in disbursements, reaching 145,646 crore in the first nine months, indicating strong growth potential.
The company's loan assets under management grew by 14% in Q3, with expectations to sustain growth between 15% to 17% in the coming years.
REC Ltd (BOM:532955) achieved a 79% increase in disbursements for renewable energy projects, highlighting its commitment to sustainable energy.
The profit after tax grew by 15% to 11,477 crore, reflecting strong financial performance.
The company successfully reduced its cost of funds to 7.15%, with an increase in net interest margin to 3.64% and a return on net worth of 21.07%.

Negative

Despite high disbursements, the loan book growth was limited to 14% due to pre-payments, which could impact future growth.
There is a concern about elevated repayment rates in the distribution and renewable segments, potentially affecting growth.
The company faces challenges with prepayments from renewable energy projects, which could slow down growth.
REC Ltd (BOM:532955) has exposure to an Adani plant in Jharkhand, raising concerns about potential risks, although repayments are currently on time.
The company is experiencing delays in signing PPAs for renewable projects, which could impact its ability to finance such projects promptly.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

RECM.NS - REC Limited
Q3 2025 REC Limited Earnings Call
Feb 07, 2025 / 03:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to REC Limited Q3 FI25 conference call hosted by Equiru Securities.

As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes.

Should you need assistance during this conference call, please signal an operator by pressing, then 0 on your dashtone phone.

Please note that this conference is being recorded.

And I'll hand the conference over to Mr. Shripal Doshi from Ecora Securities.

Thank you and over to you, sir.

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Unidentified_2 [2]
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