New Delhi, India — April 28, 2026
State-owned power sector financier REC Limited reported its fourth-quarter results for fiscal year 2025–26 on Monday, delivering a mixed performance with a sequential decline in profit but a record-breaking annual earnings figure.
The results reflect strong long-term growth momentum, even as quarterly profitability softened due to normalization after a strong previous quarter.
📊 Quarterly Profit Declines, Annual Earnings Hit Record
REC Limited reported a net profit of ₹3,375 crore for Q4 FY26, marking a 21.7% decline compared to ₹4,309 crore in Q3 FY26.
Despite the sequential drop, the company achieved its highest-ever annual net profit of ₹16,282 crore for FY26, underscoring its consistent growth trajectory.
Total income for the fiscal year rose to ₹54,342 crore, reflecting an approximately 15% year-on-year increase, supported by higher lending activity and improved interest income.
💰 Dividend Announcement
The board recommended a final dividend of ₹1.55 per share for FY26.
With this, the total dividend payout for the full fiscal year stands at ₹18.55 per share, including three interim dividends already distributed during the year.
The company said the record date for the final dividend will be announced separately.
📉 Asset Quality and Loan Book Growth
REC continued to demonstrate strong asset quality, with net non-performing assets (NPAs) remaining close to zero, signaling effective risk management and loan recovery practices.
The company’s loan book expanded 17% year-on-year to ₹5.18 lakh crore, driven by sustained demand for financing in India’s power and infrastructure sectors.
📉 Market Reaction
Following the announcement of the quarterly earnings decline, shares of REC Limited came under pressure.
The stock fell 4.87% to close at ₹426.35 on the National Stock Exchange (NSE), reflecting investor caution despite strong full-year performance.
