New Delhi: Maharatna PSU REC Limited, India’s premier power sector financier, announced a standalone net profit of ₹4,043.08 crore for Q3 FY26, a marginal increase from ₹4,029.09 crore in the same quarter last year. The company also declared a third interim dividend of ₹4.60 per equity share, marking continued shareholder rewards.
Key Financial Highlights for Q3 FY26
- Net Profit: ₹4,043.08 crore (vs. ₹4,029.09 crore in Q3 FY25)
- Total Income: ₹14,952.50 crore
- Profit Before Tax (PBT): ₹5,116.40 crore
- Earnings Per Share (EPS): ₹15.35
- Loan Book: ₹5,81,787 crore as of December 31, 2025
Dividend Details:
- Third interim dividend: ₹4.60 per share (46% of face value)
- Record Date: February 6, 2026
- Payment Date: On or before February 27, 2026
- Total dividends for FY26 including previous payouts: ₹9.20 per share
Asset Quality and Capital Strength
REC Ltd continues to maintain a robust asset quality and capital position:
- Gross NPA Ratio: 0.88% (improved from 1.95% in Dec 2024)
- Net NPA Ratio: 0.20% (improved from 0.74% in Dec 2024)
- Provisioning Coverage: 76.96% for Stage 3 assets
- Capital Adequacy (CRAR): Strong at 24.26%
The company also wrote off ₹709.78 crore of loans related to Bhadreshwar Vidyut Pvt Ltd following an IBC resolution plan, with a reversal of ₹59.54 crore in ECL provisions. No defaults on debt repayments were reported during the quarter.
Nine-Month Performance (Apr-Dec 2025)
- Standalone Net Profit: ₹12,919.96 crore (up from ₹11,477.01 crore in 9M FY25)
- Consolidated Net Profit (including REC Power Development & Consultancy Ltd): ₹4,052.44 crore
These results reflect steady growth in income and profitability, supporting REC’s continued role in financing India’s power and infrastructure projects.
Market Watch and Share Performance
REC shares have shown mixed trends over different timeframes:
- Past 5 sessions: Down 1.67%
- One month: Up 1.18%
- Six months: Down 8.27%
- Year-to-date: Down 2.05%
- One year: Down 15.95%
52-week NSE range: ₹330.95 – ₹467.55
The market continues to watch REC’s earnings, dividend announcements, and asset quality metrics, given its central role in India’s power financing ecosystem.
About REC Limited
REC Limited is a Maharatna Central Public Sector Enterprise under the Ministry of Power, specializing in financing power generation, transmission, and distribution projects across India. The company also offers consultancy and infrastructure financing services, making it a key player in India’s energy and infrastructure sector.
Read also: REC Limited Holds Chintan Shivir 2026 to Strengthen Strategic Alignment and Future Initiatives
