REC Q1 FY27 net profit rises 23% sequentially to Rs 4,149 crore
REC Limited reported a 23% sequential increase in net profit for the first quarter of FY27, while its loan book reached Rs 5.90 lakh crore as of June 30, 2026. The Board of Directors approved the company’s standalone and consolidated financial results for the quarter, along with a first interim dividend of Rs 4.25 per equity share.
Net profit increased to Rs 4,149 crore in Q1 FY27 from Rs 3,362 crore in Q4 FY26. Net interest income also rose 5% sequentially to Rs 5,212 crore, compared with Rs 4,961 crore in the preceding quarter.
The company maintained a net interest margin of 3.34% during the quarter, while annualised earnings per share stood at Rs 63.04.
Loan portfolio
REC’s standalone loan book stood at Rs 5.90 lakh crore as of June 30, 2026, which the company said was the largest among Central Public Sector Undertaking (CPSU) non-banking financial companies (NBFCs) in India.
Within the overall portfolio, renewable energy loans increased to Rs 78,596 crore and accounted for 13.32% of the loan book. The infrastructure and logistics portfolio reached Rs 59,289 crore, representing more than 10% of total loan assets.
The expansion of these segments reflects REC’s growing exposure beyond its traditional power-sector lending portfolio, with renewable energy and infrastructure forming an increasing share of its financing activities.
Asset quality
REC continued to report low levels of stressed assets during the quarter. Stage-3 loan assets declined to 0.11% of the total loan portfolio as of June 30, 2026.
The company’s net worth increased 15% year-on-year to Rs 91,836 crore. Its Capital Adequacy Ratio (CRAR) stood at 23.06%, remaining above the 15% regulatory minimum prescribed by the Reserve Bank of India (RBI).
REC reported a yield of 9.55% in Q1 FY27, amid the company’s efforts to rationalise lending rates for customers.
Interim dividend
Alongside the quarterly results, REC’s Board declared a first interim dividend of Rs 4.25 per equity share for FY27. The equity shares have a face value of Rs 10 each.
The dividend continues the company’s distribution to shareholders while its net worth and loan portfolio expanded during the period.
