The Board of Directors of REC Limited has approved the limited reviewed standalone and consolidated financial results for the quarter and period ended December 31, 2025, reporting strong growth across key financial and operational parameters.
For the nine months ended December 31, 2025 (9M FY26), REC reported a standalone net profit of ₹12,920 crore, registering a 13% increase over ₹11,477 crore in the corresponding period last year. Net interest income rose by 10% to ₹15,677 crore from ₹14,191 crore, while revenue from operations increased by 10% to ₹44,641 crore. Total income stood at ₹44,781 crore, up 10% year-on-year.
Operational performance remained robust, with disbursements rising 14% to ₹1,65,458 crore and sanctions increasing 23% to ₹3,33,354 crore during the period. Asset quality improved significantly, with net credit-impaired assets declining to 0.20% from 0.74% in the previous year.
REC is able to maintain its spread at 2.73% and NIM at 3.52%. As a result, the Annualised Earnings Per Share (EPS) for the period ended December 31, 2025, accelerated by 13% to ₹65.42 per share as against ₹58.11 per share as at December 31, 2024.
The loan book has maintained its growth trajectory on a sustainable basis at ₹5.82 lakh crore against ₹5.66 lakh crore as on December 31, 2025.
As an outcome of continuous endeavour to improve the term loan portfolio (excluding RBPF and Stage-3 loan assets) of the Company, the portfolio has grown by 10% on a Y-o-Y basis. As a result, the RBPF loan book and stage-3 loan assets have reduced by 55% and 54%, respectively, in the same period.
Reflecting ample headroom to support future growth, REC’s capital adequacy ratio (CRAR) remained comfortable at 24.26% as of December 31, 2025. Supported by higher profitability, the company’s net worth increased by 13% year-on-year to ₹86,262 crore from ₹76,502 crore.
Continuing with the tradition to reward its shareholders, the Board of Directors of the Company has declared the third interim dividend of ₹ 4.60 per equity share (on face value of ₹10/- each), with this total interim dividend for the financial year 2025-26 is ₹13.80 per share.
