(THE NEWSMAN OF INDIA.COM)
New Delhi, July 24, 2025: REC Limited has delivered its highest-ever quarterly profit, posting a standalone net profit of ₹4,451 crore for Q1 FY26, marking a robust 29% growth compared to ₹3,442 crore in the corresponding quarter of the previous year. The announcement came after the Board of Directors approved the limited reviewed financial results for the quarter ended June 30, 2025.

Key Financial Highlights (Q1 FY26 vs Q1 FY25):

-Disbursements surged by 36% to ₹59,508 crore, with the renewable energy sector alone witnessing a 35% rise.
-Total income rose by 13% to ₹14,734 crore.
-Net interest income grew by 17% to ₹5,247 crore.
-Return on Net Worth (RoNW) climbed to 22.63% from 19.51%, reflecting an increase of 312 basis points.
– REC maintained its spreads at 2.96% and net interest margin (NIM) at 3.74%.

The company’s performance also translated into an Annualised Earnings Per Share (EPS) of ₹67.60, up 29% from ₹52.28 in the same period last year.

REC’s loan book continued to grow steadily, reaching ₹5.85 lakh crore as on June 30, 2025, up from ₹5.30 lakh crore a year earlier. Asset quality also improved significantly, with net credit-impaired assets dropping to 0.24%, compared to 0.82% a year ago. The Provision Coverage Ratio (PCR) on NPA assets stood at a healthy 77.05%.

With sustained profitability, REC’s net worth has now reached ₹79,688 crore.

In recognition of its strong financial performance and in keeping with its shareholder-friendly approach, the Board of Directors has declared the first interim dividend of ₹4.60 per equity share (on a face value of ₹10 each) for FY26.