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REC posts record profit, dividend in FY26

2026-04-29

REC reported its highest-ever net profit of Rs 162.82 billion for FY26, alongside a record total dividend of Rs 18.55 per share. The performance reflects improved asset quality, strong loan growth and a stable power sector environment.

The company’s loan book rose to an all-time high of Rs 5.84 trillion, with an increase of around Rs 170 billion during the year. Its renewable energy portfolio grew 30 per cent to Rs 753.47 billion, aligning with the government’s clean energy push. Net Stage-3 assets declined to 0.12 per cent, while Stage-2 loans fell 75 per cent year-on-year.

Operationally, sanctions increased 21 per cent to Rs 4,090.97 billion, while disbursements rose 10 per cent to Rs 2,111.89 billion. Net worth stood at Rs 842.90 billion, with a capital adequacy ratio of 23.11 per cent, indicating strong capacity for future growth.

REC maintained healthy margins, with interest spread at 2.62 per cent and net interest margin at 3.43 per cent. The company also achieved top ESG ratings and retained its ‘Maharatna’ status, reflecting consistent financial and operational performance.

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