REC dividend 2026: State-owned finance company REC Ltd on Friday reported its earnings for the first quarter of the financial year 2026-27. Along with the quarterly results, the company also announced a dividend for its shareholders. REC Ltd informed this through an exchange filing today.
The board of the state-owned power sector financier approved the first interim dividend of Rs 4.25 per equity share of Rs 10 each for the financial year 2026-27.
“In line with its consistent dividend distribution track record and commitment to enhancing shareholder returns, the Board of Directors of the Company has declared the First Interim Dividend of Rs 4.25 per equity share (face value Rs 10 each),” the PSU said in the filing.
The record date to determine the eligibility of shareholders for the payment of the interim dividend of Rs 4.25 per share is Friday, July 31, 2026.
The board also fixed the record date as August 14, 2026, for reckoning the eligibility of shareholders for the payment of the final dividend of Rs 1.55 per equity share for the financial year 2025-26.
REC Ltd dividend 2026 payment date
The interim dividend shall be paid on or before August 23, 2026 while the final dividend shall be paid on or before September 24, 2026.
REC reported over six per cent year-on-year decline in its consolidated net profit at Rs 4,192.76 crore in the April-June quarter of FY27, citing lower interest income.
The consolidated net profit stood at Rs 4,465.71 crore in the quarter ended June 2025, according to an exchange filing.
Total income of the company decreased to Rs 14,469.49 crore in the reporting quarter from Rs 14,823.98 crore recorded in the same period a year ago.
Net interest income (NII) declined 4 per cent YoY to Rs 5,439 crore in Q1 FY27, compared with Rs 5,646 crore in Q1 FY26.
Interest income on loan assets declined to Rs 13,888.18 crore in the reporting quarter from Rs 14,271.47 crore in the same period a year ago.
REC said despite a dynamic operating environment, REC sustained a healthy NIM of 3.34 per cent in the reporting quarter, reflecting the strength of its lending portfolio and disciplined financial management.
Consequently, the company delivered an annualised EPS of ~63 .04 per share for the quarter ended June 30, 2026, underscoring its robust earnings performance, the PSU said.
REC’s standalone loan book stood at Rs 5.90 lakh crore as on June 30, 2026 which is the largest for any CPSU-NBFC in India, demonstrating the strength and stability of its lending operation. Aided by growth in profits, the net worth has grown by 15 per cent on YoY basis to around Rs 91,836 crore as on June 30, 2026.
“The renewable energy portfolio continued to witness robust traction, growing to around Rs 78,596 crore, constituting 13.32 per cent of the overall loan composition, reinforcing REC’s commitment to fostering sustainable infrastructure development and accelerating the growth of green energy in India. The infrastructure and logistic portfolio has grown to around Rs 59,289 crore, which is over 10% of the overall loan assets,” REC stated.
Driven by sustained initiatives to improve asset quality, the company said it has reduced its Stage-3 loan asset to the total loan portfolio ratio to near-zero levels i.e., 0.11 per cent.
Capital Adequacy Ratio (CRAR) of the company stands at comfortable 23.06% as at June 30, 2026, against the regulatory minimum of 15 per cent as mandated by RBI, the REC added.
(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.)
