REC Limited has reported a 13 per cent increase in its nine-month net profit, with profit after tax (PAT) rising to ₹12,920 crore for the period ended December 31, 2025, compared to ₹11,477 crore in the corresponding period last year.
The Board of Directors approved the limited-reviewed standalone and consolidated financial results on Thursday. The company recorded its highest-ever nine-month PAT, disbursements, and sanctions, reflecting strong operational and financial performance.
During the nine-month period, net interest income increased by 10 per cent to ₹15,677 crore, while revenue from operations grew 10 per cent to ₹44,641 crore. Total income stood at ₹44,781 crore, up from ₹40,805 crore in the previous year.
Disbursements rose by 14 per cent to ₹1,65,458 crore, and sanctions increased by 23 per cent to ₹3,33,354 crore, highlighting sustained demand across the power and infrastructure financing segments.
Asset quality continued to improve, with net credit-impaired assets declining to 0.20 per cent from 0.74 per cent. The company maintained a spread of 2.73 per cent and net interest margin (NIM) of 3.52 per cent. As a result, annualised earnings per share (EPS) increased by 13 per cent to ₹65.42.
REC’s loan book stood at ₹5.82 lakh crore as of December 31, 2025, maintaining steady growth. The company also reported a significant reduction in stressed assets, with RBPF loan book and Stage-3 assets declining by over 50 per cent year-on-year.
The capital adequacy ratio remained strong at 24.26 per cent, while net worth increased by 13 per cent to ₹86,262 crore, supported by higher profitability.
Continuing its shareholder-friendly approach, the Board declared a third interim dividend of ₹4.60 per equity share, taking the total interim dividend for FY 2025-26 to ₹13.80 per share.
The performance underlines REC’s strong financial fundamentals and its ability to support India’s power and infrastructure growth through sustainable and resilient financing.
