NEW DELHI, JANUARY 29, 2026: REC Limited, a Maharatna public sector power sector financier, announced its Q3 FY26 results today, reporting a standalone net profit of ₹4,043.08 crore. This marks a marginal increase from ₹4,029.09 crore in the same quarter last year (Q3 FY25).
Financial Highlights (Standalone, Q3 FY26):
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Net Profit: ₹4,043.08 crore (vs. ₹4,029.09 crore in Q3 FY25)
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Total Income: ₹14,952.50 crore
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Profit Before Tax (PBT): ₹5,116.40 crore
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Earnings Per Share (EPS): ₹15.35
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Loan Book: ₹5,81,787 crore as of December 31, 2025
Also Read:Canara Bank Reports Strong Q3 FY26 Results, Net Profit Rises to ₹5,155 Crore
Shareholder Reward: Third Interim Dividend Declared
The Board of Directors declared a third interim dividend of 46% (₹4.60 per equity share of ₹10 face value) for FY 2025-26.
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Record Date: Friday, February 6, 2026
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Payment Date: On or before February 27, 2026
The company had earlier paid dividends totalling ₹9.20 per share in FY26.
Asset Quality & Key Metrics:
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Provisioning Coverage: Improved to 76.96% for Stage 3 (NPA) assets (from 71.73% in March 2025).
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Gross NPA Ratio: Improved to 0.88% (from 1.95% in Dec 2024).
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Net NPA Ratio: Improved to 0.20% (from 0.74% in Dec 2024).
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Capital Adequacy (CRAR): Strong at 24.26%.
Nine-Month Performance (Apr-Dec 2025):
For the nine-month period, the standalone net profit stood at ₹12,919.96 crore, a growth from ₹11,477.01 crore in 9M FY25.
Consolidated Results:
Including its subsidiary, REC Power Development and Consultancy Ltd., the consolidated net profit for Q3 FY26 was ₹4,052.44 crore.
Other Key Developments:
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The company wrote off ₹709.78 crore of loans pertaining to Bhadreshwar Vidyut Pvt Ltd., following an IBC resolution plan, with a corresponding reversal of ₹59.54 crore in Expected Credit Loss (ECL) provision.
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REC confirmed there were no defaults on any debt repayments during the quarter.
The results were approved by the Board at a meeting that commenced at 11:30 AM and concluded at 1:05 PM.
About REC Limited: REC Limited is a 'Maharatna' Central Public Sector Enterprise under the Ministry of Power, specializing in financing power, logistics, and infrastructure projects across India. It is the premier power sector financier, supporting generation, transmission, and distribution projects through loans and consultancy services.