New Delhi: REC Limited has reported its highest-ever annual net profit of ₹16,282 crore for the financial year ended March 31, 2026, alongside a record total dividend of ₹18.55 per share, reflecting strong growth and improved asset quality.
The company said India’s power sector is witnessing renewed momentum, with distribution companies posting a rare collective net profit, signaling improved financial health and lower risk premiums. REC said it has passed on these benefits to borrowers by rationalizing lending yields.
The lender’s asset quality improved sharply, with net Stage-3 assets (NPAs) at 0.12% and Stage-2 loans declining 75% year-on-year. Its loan book rose to an all-time high of ₹5.84 lakh crore, driven by annual growth of about ₹17,000 crore.
REC’s renewable energy portfolio expanded 30% to ₹75,347 crore, aligning with government priorities on clean energy transition. Operationally, loan sanctions rose 21% to ₹4.09 lakh crore, while disbursements increased 10% to ₹2.11 lakh crore. Net worth climbed 9% to ₹84,290 crore, and the capital adequacy ratio stood at 23.11%, indicating capacity for further growth.
Profitability metrics remained strong, with earnings per share at ₹61.71, while interest spread and net interest margin stood at 2.62% and 3.43%, respectively. The board declared a final dividend of ₹1.55 per share, taking the total payout for FY26 to ₹18.55 per share.
REC also retained its ‘Maharatna’ status following a government review in January and ranked fifth among profit-making central public sector enterprises, according to official survey data.
