REC interim dividend: The Board of Maharatna PSU REC has announced its fourth interim dividend for the financial year 2025-26, offering a payout to its shareholders of 32 per cent.
In a regulatory filing, REC has stated that its Board of Directors, in a meeting held on March 16, 2026, has approved a fourth interim dividend of 32 per cent for FY26.
“…this is to inform that the Board of Directors of REC Limited (‘REC’ / ‘the Company’) in its meeting held on March 16, 2026, considered and declared a 4% interim dividend @ 32% (i.e., ~3.20 · per equity share of face value of Rs 10/- each) for the financial year 2025-26,” REC said in a regulatory filing.
The dividend translates to Rs 3.20 per equity share with a face value of Rs 10 each.
This means that shareholders holding REC shares as of the record date will be entitled to receive the dividend declared by the company.
The company has fixed March 20, 2026, as the record date for dividend eligibility.
“…the record date for the said interim dividend is fixed as Friday, March 20, 2026, and the said interim dividend shall be paid on or before April 14, 2026, to those shareholders whose names appear (i) as beneficial owners in the statement(s) furnished by the depository(ies) as of the close of business hours on March 20, 2026, in respect of
shares held in electronic form; and (ii) as members in the register of members on March 20, 2026, in respect of physical shares,” the company added.
Earlier, the company had announced an interim dividend of Rs 4.60 with a record date of February 6, 2026. Before this, the company had paid dividends four times, including a final dividend of Rs 2.60 and three interim dividends of Rs 4.60, Rs 3.60, and Rs 4.60.
In today’s early trading session, REC’s share price fell by approximately 1 per cent to Rs 328.35. Over the past month, this PSU has witnessed a decline of more than 7 per cent, while in the last six months, the company’s stock has dropped by nearly 14 per cent. Over the past year, the company’s stock has fallen by over 20 per cent.
The Maharatna PSU has reported a net profit of Rs 4,043 crore for the quarter ended December, marking a marginal YoY growth of 0.3 per cent against Rs 4,029 crore reported for Q3 FY25.
The company’s total revenue from operations was pegged at Rs 14,910 crore, marking a YoY growth of 5 per cent in comparison to Rs 14,157 crore.
The gross credit-impaired ratio saw significant improvement at 0.88 per cent against 1.95 per cent reported for Q3FY25. The net impaired asset ratio stood at 0.20 per cent in comparison to 0.74 per cent reported for the same quarter last year.
The company’s total expenses for Q3FY26 were posted at Rs 9,836 crore, up more than 8 per cent in comparison to Rs 9,063 crore recorded in the same quarter last year. The company also incurred an exceptional charge of Rs 18.28 crore.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
