PSU Stock: Dividend is a very good way to earn profits in the stock market. Many companies in the market have announced dividend with quarterly results. Now the government company Rec Limited has also been included in this list. Rec Limited today released the results of the third quarter of the current business year. Along with this, the company also announced dividend. Today, the company’s shares fell 3.44 percent to close at Rs 425.10 per share.
How is the company’s financial performance (Rec Limited Q3 Result)
Rec Limited said in the stock exchange filing that the company’s profit in the third quarter increased to Rs 4076 crore. The company’s profit was Rs 3308 crore in the same quarter of the last financial year. This means that the company’s profit has increased by 23.2 percent on an annual basis.
The company’s income has also increased to Rs 14,272 crore in the December quarter. It was Rs 12,052 crore in the quarter a year ago. At the same time, the company’s net interest income has increased to Rs 4,855 crore.
The company announced the dividend (Rec Limited Dividend 2025)
The company has announced dividend with quarterly results. The company is offering an interim dividend of Rs 4.30 on every stock. The company has set a record date on 14 February 2025 for dividend.
How is the share performance (Rec Limited Share Performance)
For the last one year, the share of Rec Limited has given negative returns. In a year, Stock has given negative returns of 15.48 per cent. At the same time, in five years the stock has given a return of 265.55 percent. The company shares have 52 weeks high 654.00 and 52 weeks low is 402 rupees. The company’s market cap is Rs 1.15 lakh crore.
Disclaimer: This information is only for information purposes and should not be understood as investment advice. It is recommended to consult a financial advisor before making investment decisions.