New Delhi (06.08.2021): Rural Electrification Corporation (RECL) earned a Net Profit of Rs. 2,247 crores Q1FY22 versus Rs. 1,839 crores during Q1FY21, up 22%. This increased the annualized Earnings Per Share for the quarter ended 30th June 2021 to Rs. 45.52 versus Rs. 37.24 per share during the same quarter last year. With a Net Worth of Rs. 45,690 crores on 30th June 2021, the company’s book value per share is Rs. 231.
The loan book grew 15% from Rs. 3.31 lakh crore on 30th June 2020 to Rs. 3.79 lakh crore on 30th June 2021.
The company also maintained the trend of asset resolutions. The Net Credit-impaired assets are reduced to 1.61% on 30th June 2021 against 2.88% on 30th June 2020. The Provisional Coverage Ratio against Credit impaired assets has also improved from 52.89% on 30th June 2020 to 66.48% on June 30, 2021.
The Capital Adequacy Ratio of the Company stands at a comfortable 20.21% on 30th June 2021, indicating its strength to support future growth.
Continuing with the tradition to reward its shareholders, the Board of Directors of the Company has also declared a final dividend of Rs. 1.71 per share of Rs. 10 each, in addition to Rs. 11 per share already paid as interim dividend for the financial year 2020-21 and the record date for such final dividend has been fixed at 17th September 2021. Additionally, the company has also declared an interim dividend of Rs. 2 per share of Rs. 10 each for the financial year 2021-22 and the record date for such interim dividend has been fixed at 17th August 2021.
