REC Declares Interim Dividend of 4.25 Per Share as Profit Rises 23% in Q1 FY27
Delhi, July 24, 2026: The Board of Directors of REC Limited has approved its standalone and consolidated financial results for the quarter ended June 30, 2026, alongside declaring a First Interim Dividend of ₹4.25 per equity share (face value ₹10 each).The Company reported robust earnings performance, with Net Profit reaching ₹4,149 crore in the first quarter of FY27, marking a substantial increase of 23% compared to the previous quarter's net profit of ₹3,362 crore. Net interest income stood at ₹5,212 crore, up from ₹4,961 crore.
Despite operating within a dynamic environment, REC maintained a healthy Net Interest Margin (NIM) of 3.34%. This performance underpinned an annualized EPS of approximately ₹63.04 per share for the quarter.
Strong Lending Portfolio and Asset Quality
As of June 30, 2026, REC’s standalone loan book stood at approximately ₹5.90 lakh crore, making it the largest among all CPSU-NBFCs in India. The company's Net Worth demonstrated strong year-on-year growth, increasing by 15% to stand at ₹91,836 crore.The Company has shown significant discipline in asset quality management. The ratio of Stage-3 loan assets to the total loan portfolio was reduced to a near zero level, reporting at 0.11%.
REC’s strategic focus on sustainable infrastructure is reflected in its portfolio composition. The renewable energy portfolio reached approximately ₹78,596 crore, accounting for 13.32% of the overall loan mix. Furthermore, the infrastructure and logistics portfolio grew to around ₹59,289 crore, representing over 10% of the total loan assets.
Financial Stability and Market Recognition
The improved fundamental position of the Indian power sector has facilitated stronger credit profiles for borrowers, enabling REC to proactively share these benefits through rate rationalization. This strategic approach resulted in a yield of 9.55% during Q1 FY2026-27.The Company maintains strong financial stability, with its Capital Adequacy Ratio (CRAR) standing at 23.06% as of June 30, 2026, significantly exceeding the regulatory minimum mandate of 15%.
REC Limited received industry recognition for its business performance and innovation. The company was awarded 'NBFC of the Year' at the 3rd Annual Bharat NBFC & FinTech Summit & Awards 2026, and secured the 'AI & GenAl Adoption Excellence Award' at the 2nd Bharat PSU Manthan & Excellence Awards 2026.
REC Limited continues to expand its strategic footprint by targeting investments across conventional power, renewable energy, and infrastructure and logistics development in India.
RECLTD Stock Price Movement
REC Limited shares edged higher in the post-market session, settling at ₹361.60 after gaining 0.71% compared to the previous close. The equity saw significant activity during the day, with nearly 4.58 million shares traded.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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