New Delhi, July 24, 2026: The Board of Directors of REC Limited on Friday approved the standalone and consolidated financial results for the quarter ended June 30, 2026. The Board also declared the first interim dividend of ₹4.25 per equity share (face value ₹10 each), continuing the company’s consistent dividend distribution track record and commitment to enhancing shareholder returns.
Operational and Financial Highlights (Q1 FY27 vs Q4 FY26)
- Net Interest Income (NII): ₹5,212 crore, up 5% from ₹4,961 crore.
- Net Profit: ₹4,149 crore, up 23% from ₹3,362 crore.
Despite a dynamic operating environment, REC maintained a healthy Net Interest Margin (NIM) of 3.34%, reflecting the strength of its lending portfolio and disciplined financial management. Consequently, the company delivered an annualised Earnings Per Share (EPS) of ₹63.04 for the quarter ended June 30, 2026, underscoring its robust earnings performance.
REC’s standalone loan book stood at ₹5.90 lakh crore as on June 30, 2026, the largest among all CPSU-NBFCs in India, demonstrating the strength and stability of its lending operations. Supported by higher profits, the company’s net worth increased by 15% year-on-year to ₹91,836 crore.
The renewable energy portfolio continued to witness strong growth, reaching ₹78,596 crore, accounting for 13.32% of the overall loan portfolio. The infrastructure and logistics portfolio also expanded to ₹59,289 crore, constituting more than 10% of the overall loan assets, reinforcing REC’s commitment to sustainable infrastructure and green energy development.
Driven by sustained initiatives to improve asset quality, REC reduced its Stage-3 loan asset ratio to 0.11% of the total loan portfolio, bringing it to near-zero levels.
The company continued to maintain a strong capital position, with its Capital Adequacy Ratio (CRAR) standing at 23.06% as on June 30, 2026, well above the RBI’s regulatory requirement of 15%, indicating sufficient capacity to support future business growth.
The strengthening fundamentals of the Indian power sector have contributed to the improved financial position of power utilities, resulting in stronger overall credit profiles and lower provisioning requirements. Reflecting its customer-centric approach, REC passed on these benefits to borrowers by rationalising lending rates, resulting in a yield of 9.55% during Q1 FY27.
During the quarter, REC was honoured with the ‘NBFC of the Year’ Award at the 3rd Annual Bharat NBFC & FinTech Summit & Awards 2026 and the ‘AI & GenAI Adoption Excellence Award’ at the 2nd Bharat PSU Manthan & Excellence Awards 2026, recognising its business performance, digital innovation and adoption of advanced technologies.
REC Limited said it is strategically expanding its business footprint through investments in conventional power, renewable energy, infrastructure and logistics, while continuing to support the Government of India’s programmes, policies and reforms, with a focus on long-term sustainable growth.
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