More Stories

Informist, Friday, Jul. 24, 2026

 

Please click here to read all liners published on this

 

--REC Apr-Jun net profit INR 41.49 bln
--REC Apr-Jun total income INR 143.31 bln
--REC Apr-Jun revenue INR 142.96 bln vs INR 147.26 bln year ago
--REC Apr-Jun net profit INR 41.49 bln vs INR 44.51 bln year ago
--REC to pay INR 4.25 per share interim dividend
--REC interim dividend record date Jul 31
--REC Apr-Jun net interest income INR 52.12 bln vs INR 49.61 bln qtr ago
--REC loan book INR 5.90 tln on Jun 30
--REC Apr-Jun capital adequacy ratio 23.06% on Jun 30

 

By Ayush Jaiswal

 

MUMBAI – State-owned REC Ltd. Friday reported a second consecutive quarter of decline in net profit and revenue for the June quarter. A marginal rise in its expenses also contributed to the fall in its bottom line for the quarter under review.

 

The power sector financier's net profit fell 7% on year to INR 41.49 billion from INR 44.51 billion. Sequentially, the net profit was up 23%. REC's revenue from operations declined 3% on year to INR 142.96 billion from INR 147.26 billion. Sequentially, the top line was down marginally. In the March quarter, the net profit and the revenue had declined 20% and 5%, respectively. The company's interest income fell 3% on year to INR 141.87 billion.

 

REC's total expenses were up marginally on year to INR 91.22 billion for the reporting quarter. The company's largest expense, finance costs, declined 2% on year to INR 87.48 billion. Its loss from foreign currency fluctuation surged to INR 9.11 billion from INR 515 million.

The company reported a net interest income of INR 52.12 billion, up 5% on quarter. Its standalone loan book stood at INR 5.9 trillion as of Jun. 30. The company's renewable energy portfolio surged to INR 785.96 billion to make up 13.3% of the overall loan composition.

 

The company's operating margin declined to 36.19% in the June quarter from 38.29% in the year-ago quarter. The net profit margin declined to 28.95% from 30.21%.

 

The company's capital adequacy ratio fell to 23.06% in the June quarter from 23.98% in the year-ago quarter. REC's net worth was INR 918.36 billion as of Jun. 30, up 15% on year.

 

REC declared its first interim dividend of INR 4.25 per share for the financial year 2026-27 (Apr-Mar). The record date for the dividend is Jul. 31. 

 

Friday, shares of the company closed at INR 361.60 apiece on the National Stock Exchange, up 0.9% from Thursday. The results were announced after market hours.  End

 

Edited by Shubhayan Bhattacharya

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2026. All rights reserved.