REC Ltd. clocked a 29% uptick in its consolidated net profit for the first quarter of fiscal year 2026 , according to the financial results declared by the company on Thursday.
The firm posted a bottom-line of Rs 4,446 crore in comparison to Rs 3,460 crore in the year-ago period.
The power project financier saw a revenue growth of 12.7% at Rs 14,737 crore, as against Rs 13,079 crore in the year-ago quarter.
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REC Q1FY26 Results (Consolidated, YoY)
Net profit up 29% at Rs 4,466 crore versus Rs 3,460 crore.
Revenue increased 12,7% at Rs 14,737 crore versus Rs 12,362 crore.
Ebitda up 17.5% at Rs 14,521 crore versus Rs 12,362 crore.
Margin at 98.5% versus 94.5%.
Dividend
The company declared its first interim dividend of Rs 4.6 per equity share, having a face value of Rs 10. The record date for determining elligibility for the same was set for Aug. 1.
The dividend will be paid on or before Aug. 21, the filing said.
The total value of the dividend capital to be disbursed amounts to Rs 1,211 crore.
Shares of REC Ltd. closed 1.38% higher at Rs 405.50 apiece on the NSE, compared to a 0.63% fall in the benchmark Nifty. The stock has fallen 33.02% in the last 12 months and 19.13% on a year-to-date basis.
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