The company’s standalone loan book stood at ₹5.9 trillion as of June 30, the largest for any central government-owned NBFC in India.
REC Ltd, the power sector financier, on Friday approved its standalone and consolidated financial results for the quarter ended June 30, 2026, declaring its first interim dividend of ₹4.25 per share for FY2026‑27.
The company reported net interest income of ₹52.12 billion, up 5 per cent, against ₹ 49.61 billion, and net profit of ₹41.49 billion, up 23 per cent, against ₹ 33.62 billion. Despite a dynamic operating environment, REC sustained a healthy net interest margin of 3.34 per cent, reflecting the strength of its lending portfolio and disciplined financial management. Annualised earnings per share stood at ₹63.04 for the April-June quarter.
REC’s standalone loan book stood at ₹5.9 trillion as of June 30, the largest for any central government-owned non-banking financial company (NBFC) in India. Aided by profit growth, the company’s net worth rose 15 per cent year‑on‑year to ₹918.36 billion.
The renewable energy portfolio continued to gain traction, expanding to ₹785.96 billion and accounting for 13.32 per cent of overall loans. The infrastructure and logistics portfolio grew to ₹592.89 billion, representing over 10 per cent of total loan assets.
Driven by sustained initiatives to improve asset quality, REC reduced its Stage‑3 loan asset ratio to near‑zero levels at 0.11 per cent. The capital adequacy ratio stood at a comfortable 23.06 per cent, well above the Reserve Bank of India’s regulatory minimum of 15 per cent.
The strengthening fundamentals of the Indian power sector have contributed to the improved financial position of utilities, resulting in stronger credit profiles and lower provisioning requirements. This led REC to rationalise lending rates, delivering a yield of 9.55 per cent in the quarter.