State-owned power sector financier REC Limited has reported a strong financial performance for the quarter and nine months ended December 31, 2025, while also announcing a third interim dividend of ₹4.60 per equity share for FY26, following the approval of its Board of Directors.
The Maharatna PSU posted a net profit of ₹4,043.08 crore for Q3 FY26, compared to ₹4,029.09 crore in the corresponding quarter last year. For the nine-month period ended December 2025, REC’s net profit stood at ₹12,919.96 crore, marking a year-on-year growth of over 12%.
Total income during the October–December quarter rose to ₹14,952.50 crore, while revenue for the nine-month period increased to ₹44,780.92 crore, driven by steady interest income from loan assets and improved operational performance.
The Board declared a third interim dividend of 46%, amounting to ₹4.60 per share, on equity shares with a face value of ₹10 each. The record date has been fixed as February 6, 2026, and the dividend will be paid on or before February 27, 2026.
With this announcement, the company has declared total interim dividends of ₹13.80 per share for FY26 so far, reflecting its strong cash flows and stable financial position.
- Profit Before Tax (Q3 FY26): ₹5,116.40 crore
- Profit Before Tax (9M FY26): ₹16,316.10 crore
- Net Interest Income (9M FY26): ₹43,597.72 crore
- Total Assets Under Loan Book: ₹5.82 lakh crore
- Capital Adequacy Ratio (CRAR): 24.26%
- Debt-Equity Ratio: 5.78
REC’s consolidated financial results also reflected robust performance, with group net profit at ₹12,933.08 crore for the nine-month period, supported by consistent lending activity across power, infrastructure, and logistics sectors.
The company maintained strong asset quality, with a gross credit-impaired asset ratio of 0.88% and net impaired asset ratio of 0.20%. Provisioning coverage remained adequate under the Expected Credit Loss (ECL) framework.
During the quarter, REC wrote off ₹709.78 crore in loans related to Bhadreshwar Vidyut Private Limited following resolution under insolvency proceedings, with a corresponding reversal of ECL provisions.
REC continues to focus on financing projects in power generation, renewable energy, transmission, distribution, logistics, and infrastructure, reinforcing its role in supporting India’s energy transition and infrastructure expansion.
The Board meeting commenced at 11:30 am and concluded later in the day, following approvals of financial statements and dividend declaration.
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