Gurugram : REC Limited has reported a robust financial performance for the first quarter of FY26, with its net profit rising by 29% year-on-year to ₹4,451 crore, compared to ₹3,442 crore in Q1 FY25. Disbursements for the quarter stood at ₹59,508 crore, up 36% from ₹43,652 crore, with the renewable energy sector seeing a 35% rise in disbursement. Total income increased by 13% to ₹14,734 crore, while net interest income rose by 17% to ₹5,247 crore.
The company maintained healthy financial margins, with spreads at 2.96% and net interest margin (NIM) at 3.74%. Return on net worth improved by 312 basis points to 22.63%, and the annualised earnings per share (EPS) climbed to ₹67.60 from ₹52.28 a year ago.
The loan book expanded steadily to ₹5.85 lakh crore as on June 30, 2025, while net credit-impaired assets dropped significantly to 0.24% from 0.82% the previous year. REC also reported a provision coverage ratio of 77.05% on NPA assets, with one NPA resolved during the quarter. Driven by profit growth, the company’s net worth increased to ₹79,688 crore. As part of its shareholder-friendly approach, the Board declared an interim dividend of ₹4.60 per equity share (face value ₹10 each).
