REC Limited Posts Highest-Ever Quarterly Profit of ₹4,451 Crore in Q1 FY26
Strong growth across verticals, robust disbursements, and prudent risk management drive record performance
In a significant financial milestone, REC Limited, a Maharatna Central Public Sector Enterprise under the Ministry of Power, Government of India, has clocked its highest-ever quarterly profit of ₹4,451 crore for the quarter ended June 30, 2025 (Q1 FY26), marking a robust 29% increase over the ₹3,442 crore recorded in the corresponding period of the previous fiscal.
The Board of Directors of REC Limited, in its meeting held today, approved the limited reviewed standalone and consolidated financial results for Q1 FY26, reflecting the company’s consistent operational excellence and strategic financial growth.
Operational and Financial Highlights: Q1 FY26 vs Q1 FY25 (Standalone)
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Disbursements surged to ₹59,508 crore, up 36% from ₹43,652 crore, with a 35% growth in disbursements to the renewable energy sector, underlining REC’s expanding green portfolio.
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Total income grew to ₹14,734 crore, up 13% from ₹13,037 crore.
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Net interest income rose by 17% to ₹5,247 crore from ₹4,474 crore.
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Return on Net Worth (RoNW) stood at an impressive 22.63%, up by 312 basis points from 19.51%.
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Spreads and NIM were maintained at a healthy 2.96% and 3.74% respectively.
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Earnings Per Share (EPS) grew by 29% to ₹67.60 from ₹52.28.
The company’s loan book continued its upward trajectory, reaching ₹5.85 lakh crore as on June 30, 2025, compared to ₹5.30 lakh crore a year earlier. Reflecting enhanced asset quality, net credit-impaired assets reduced significantly to 0.24%, down from 0.82%, with a Provision Coverage Ratio of 77.05% on NPA assets.
Buoyed by its strong financial performance, REC’s Net Worth has increased to ₹79,688 crore as on June 30, 2025, further strengthening its balance sheet.
In line with its commitment to shareholder value, the Board has declared an interim dividend of ₹4.60 per equity share (face value ₹10 each), continuing its tradition of rewarding investors.
REC Limited is a Maharatna CPSE under the administrative control of the Ministry of Power. Registered with the Reserve Bank of India as an NBFC, Public Financial Institution (PFI), and Infrastructure Financing Company (IFC), REC plays a pivotal role in financing India’s power and infrastructure sectors.
While traditionally focused on power infrastructure—including Generation, Transmission, Distribution, and Renewable Energy—REC has in recent years diversified into Non-Power Infrastructure such as Roads & Expressways, Metro Rail, Airports, IT & Communication, Social and Commercial Infrastructure (including Educational Institutions and Hospitals), Ports, and E&M projects in sectors like Steel and Refinery.
REC is also actively financing emerging green technologies, including Electric Vehicles, Battery Storage, Pumped Storage, Green Hydrogen, and Green Ammonia, aligning with India’s clean energy goals.
Additionally, REC has recently become the first Indian Public Sector NBFC to achieve ISO 31000:2018 certification for its enterprise-wide risk management framework, reinforcing its leadership in governance and risk practices.
With its record performance in Q1 FY26 and continued focus on sustainable infrastructure growth, REC Limited remains firmly positioned as a reliable and future-ready financial powerhouse.