REC DECLARES HIGHEST EVER PROFITS OF RS. 16,282 CRORE AND HIGHEST TOTAL DIVIDEND OF ₹18.55 PER SHARE FOR THE YEAR
Dated 2026-04-28

Delhi, April 28, 2026: While approving the annual standalone and consolidated financial results for the year ended March 31, 2026, REC Limited states that the Indian power sector is at the cusp of new vibrance owing to numerous initiatives taken by Government of India. The legacy loss-making power distribution companies achieved a rare, collective overall net profit, marking a significant turnaround. This improvement led to a stable environment, indicating improved quality of assets, resulting to reduction in risk premiums. REC, as a responsible lender focused towards nation building, has proactively passed on such reduced risk premium to its borrowers by rationalising its yield on loan assets.

The continued focus on sustainable growth is showing results with the Net Stage-3 loans (NPA) nearly “Zero” (0.12%) and Stage-2 loans reduced by 75% YoY. Without compromising on the asset quality, REC has registered a growth in loan book of around ₹ 17,000 crores during the last year. As a result, the loan book is at an all-time high of ₹5.84 lakh crore as on March 31, 2026. In conjunction with government vision, the Renewable loan book increased to ₹75,347 crore as on March 31, 2026, reflecting 30% growth.

Inspite of challenging macro economic situations and geopolitical uncertainity, REC has registered its highest ever annual net Profit of ₹16,282 crore during financial year ended 31st March 2026.

Key Operational and Financial Highlights for the year 2025-26

• Sanctions: ₹4,09,097 crore v/s ₹3,37,179 crore, up by 21%
• Disbursement: ₹2,11,189 crore v/s ₹1,91,185 crore, up by 10%
• Disbursements (excluding RBPF): ₹1,46,227 crore v/s ₹1,13,897 crore, up by 28%
• Net Worth: ₹84,290 crore as on March 31, 2026 v/s ₹77,638 crore as on March 31, 2025, up by 9%.
• Capital Adequacy Ratio (CRAR): 23.11% as at March 31, 2026, Indicating ample opportunity to support future growth

The interest spread and NIM remains healthy at 2.62% and 3.43% respectively. The strong profitability has resulted in Earnings Per Share (EPS) increasing to ₹61.71 per share, for the year ended March 31, 2026.

Continuing with the tradition to reward its shareholders, the Board of Directors of the Company has declared the final dividend of ₹1.55 per equity share (on face value of ₹10/- each) with this total dividend for the financial year 2025-26 is ₹18.55 per share.

REC has demonstrated consistent excellence in MoU performance, achieving an ‘Excellent’ rating for three consecutive years (FY 23, FY 24 and FY 25). Further, REC moved up four places from 9th to 5th in the ranking of net profit‑making CPSEs, as per DPE’s PE Survey Report for FY’25. Based on its consistent business, operational, and financial performance and a positive future growth outlook, REC’s ‘Maharatna’ status was reaffirmed by the DPE after the review undertaken in Jan’26.

Sustainability is at the core of REC. Building on this legacy, REC has integrated ESG into every facet of its operations with core focus on renewable portfolio growth. This ESG excellence is reflected in the NSE ESG Ratings, where REC achieved the highest rating among all companies rated in the country.

About REC LIMITED

REC is a 'Maharatna' company under the administrative control of the Ministry of Power, Government of India, and is registered with RBI as Non-Banking Finance Company (NBFC), Public Financial Institution (PFI) and Infrastructure Financing Company (IFC). REC is financing the entire Power-Infrastructure sector comprising Generation, Transmission, Distribution, Renewable Energy and new technologies like Electric Vehicles, Battery Storage, Pump Storage projects, Green Hydrogen, Green Ammonia projects etc. More recently REC Limited has also diversified into the Non-Power Infrastructure sector comprising Roads & Expressways, Metro Rail, Airports, IT Communication, Social and Commercial Infrastructure (Educational Institution, Hospitals), Ports and Electro-Mechanical (E&M) works in respect of various other sectors like Steel, Refinery, etc.

REC Limited provides loans of various maturities to State, Central and Private Companies for creation of infrastructure assets in the country. REC Limited continues to play a key strategic role in the flagship schemes of the Government for the power sector and has been nodal agency for Pradhan Mantri Sahaj Bijli Har Ghar Yojana (SAUBHAGAYA), Deen Dayal Upadhaya Gram Jyoti Yojana (DDUGJY), National Electricity Fund (NEF) Scheme which resulted in strengthening of last mile distribution system, 100% village electrification and household electrification in the country. REC has been designated as the nodal agency for certain States and Union Territories under the Revamped Distribution Sector Scheme (RDSS). Additionally, the Central Government has entrusted REC with the responsibility of implementing the PM Surya Ghar Muft Bijli Yojana.