New Delhi, January 30, 2026
REC Limited on Thursday announced a third interim dividend of ₹4.60 per equity share after posting its highest-ever profit for the first nine months of a financial year, highlighting strong operational performance and improving asset quality.
The announcement came after the company’s Board of Directors approved the limited reviewed standalone and consolidated financial results for the quarter and nine-month period ended December 31, 2025.
📈 Record Profit and Income Growth
For the nine months ended December 31, 2025 (FY26), REC reported a net profit of ₹12,920 crore, marking a 13% year-on-year increase compared with ₹11,477 crore in the same period last year.
Net interest income rose 10% to ₹15,677 crore, while revenue from operations increased to ₹44,641 crore, up from ₹40,752 crore in the corresponding period of FY25. Total income also climbed 10% to ₹44,781 crore.
💰 Strong Disbursements and Sanctions Momentum
REC’s lending activity remained robust, with disbursements rising 14% to ₹1.65 lakh crore, while loan sanctions jumped 23% to ₹3.33 lakh crore, reflecting sustained demand across the power and infrastructure financing segments.
The company maintained a healthy interest spread of 2.73% and net interest margin (NIM) of 3.52%, supporting earnings growth. As a result, annualized earnings per share (EPS) increased 13% to ₹65.42, compared with ₹58.11 a year earlier.
🏦 Improving Asset Quality and Loan Book Growth
REC reported a significant improvement in asset quality, with net credit-impaired assets declining to 0.20% from 0.74% on a year-on-year basis.
The loan book stood at ₹5.82 lakh crore, continuing its steady growth trajectory. Excluding RBPF and Stage-3 assets, the term loan portfolio grew 10% year-on-year, while RBPF loans and Stage-3 assets fell by 55% and 54% respectively.
🧾 Strong Capital Position
The company’s Capital Adequacy Ratio (CRAR) remained comfortable at 24.26%, indicating ample headroom to support future growth. Net worth increased 13% year-on-year to ₹86,262 crore, driven by higher profitability.
🪙 Dividend Details
Continuing its shareholder-rewarding policy, REC’s board declared a third interim dividend of ₹4.60 per share (face value ₹10). With this announcement, the total interim dividend for FY26 stands at ₹13.80 per share.
