Aided by growth in profits, the Net Worth has grown to ₹
60,886 crore as on June 30, 2023, an increase of 16% YoY. During Q1 FY24,
Company has raised $750 million 5-year 144A/ Reg-S Green Bonds under its Global
Medium-Term Note Programme. These bonds are exclusively listed on IFSC
International Stock Exchanges, India INX and NSE IFSC in GIFT City, Gujarat. The loan book has maintained its growth trajectory and has
increased by 17% to ₹ 4.54 lakh crore as against ₹ 3.88 lakh crore as at June 30,
2022. Signifying improving asset quality, the Net Credit-impaired assets have
reduced to 0.97% with Provision Coverage Ratio of 70.46% on NPA assets, as on June
30, 2023. Indicating the ample opportunity to support the future
growth, the Capital Adequacy Ratio (CRAR) of the Company stands at a
comfortable 27.60% as on June 30, 2023. Continuing with the tradition to reward its shareholders,
the Board of Directors of the Company has declared the first interim dividend
of ₹ 3/- per equity share (on face value of ₹ 10/- each) and August 14, 2023
has been fixed as Record Date for payment of Interim Dividend. Operational and Financial Highlights –Q1 FY24 vs Q1 FY23
(Standalone) ➢ Sanctions: ₹ 90,797 crores vs.
₹ 59,895 crores, up 52%, Renewable sector constitutes for 16% ➢
Disbursements: ₹ 34,133 crores vs. ₹ 12,442 crores, up 174% ➢ Interest Income on Loan
Assets: ₹ 10,465 crores vs. ₹ 9,262 crores, up 13% ➢ Net Profit: ₹ 2,961 crores vs.
₹ 2,447 crores, up 21%
REC records highest ever Q1 (FY 24) at ₹ 2,961 cr
By IndianMandarins - 2023-07-27 12:24:00
Aided by growth in profits, the Net Worth has grown to ₹ 60,886 crore as on June 30, 2023, an increase of 16% YoY. During Q1 FY24, Company has raised $750 million 5-year 144A/ Reg-S Green Bonds under its Global Medium-Term Note Programme. These bonds are exclusively listed on IFSC International Stock Exchanges, India INX and NSE IFSC in GIFT City, Gujarat.
The loan book has maintained its growth trajectory and has increased by 17% to ₹ 4.54 lakh crore as against ₹ 3.88 lakh crore as at June 30, 2022. Signifying improving asset quality, the Net Credit-impaired assets have reduced to 0.97% with Provision Coverage Ratio of 70.46% on NPA assets, as on June 30, 2023.
Indicating the ample opportunity to support the future growth, the Capital Adequacy Ratio (CRAR) of the Company stands at a comfortable 27.60% as on June 30, 2023.
Continuing with the tradition to reward its shareholders, the Board of Directors of the Company has declared the first interim dividend of ₹ 3/- per equity share (on face value of ₹ 10/- each) and August 14, 2023 has been fixed as Record Date for payment of Interim Dividend.
Operational and Financial Highlights –Q1 FY24 vs Q1 FY23 (Standalone)
➢ Sanctions: ₹ 90,797 crores vs. ₹ 59,895 crores, up 52%, Renewable sector constitutes for 16% ➢ Disbursements: ₹ 34,133 crores vs. ₹ 12,442 crores, up 174%
➢ Interest Income on Loan Assets: ₹ 10,465 crores vs. ₹ 9,262 crores, up 13%
➢ Net Profit: ₹ 2,961 crores vs. ₹ 2,447 crores, up 21%
