New Delhi: REC Ltd reported a 29% year-on-year rise in standalone net profit to ₹4,451 crore for the quarter ended June 30, 2025, up from ₹3,442 crore in the corresponding quarter of FY25. This marks REC highest ever quarterly profit margin. The increase was driven by strong disbursement growth and improved income metrics across all verticals.
REC is a ‘Maharatna’ company under the administrative control of the Ministry of Power, Government of India. REC Ltd provides loans of various maturities to State, Central and Private Companies for creation of infrastructure assets in the country and continues to play a key strategic role in the flagship schemes of the Government.
The company’s disbursements stood at ₹59,508 crore in Q1FY26, marking a 36% jump over ₹43,652 crore in Q1FY25. Within this, disbursement to the renewable energy sector rose by 35%.
Total income during the quarter rose 13% to ₹14,734 crore, compared with ₹13,037 crore in the same quarter last year. Net interest income increased by 17% to ₹5,247 crore as against ₹4,474 crore in Q1FY25.
REC maintained a spread of 2.96% and net interest margin (NIM) at 3.74%. As a result, the annualised earnings per share (EPS) increased 29% to ₹67.60 from ₹52.28 in Q1FY25.
The company’s loan book grew to ₹5.85 lakh crore as on June 30, 2025, compared to ₹5.30 lakh crore in the year-ago period. Net credit-impaired assets declined to 0.24%, down from 0.82% last year, with a provision coverage ratio of 77.05% on NPA assets.
The net worth of the company stood at ₹79,688 crore at the end of the quarter.
The Board of Directors approved the first interim dividend of ₹4.60 per equity share of face value ₹10 each.
