Net profit for the first quarter of FY27 stood at ₹4,192.7 crore, compared with ₹4,465 crore in the year-ago period. NII fell 4% to ₹5,453 crore from ₹5,657 crore a year earlier.
The board declared a first interim dividend of ₹4.25 per equity share for FY27. The record date has been fixed as July 31, 2026, and the dividend will be paid on or before August 23, 2026.
The company also fixed August 14, 2026 as the record date for the final dividend of ₹1.55 per equity share for FY26, subject to shareholder approval at the annual general meeting. The final dividend will be paid on or before September 24, 2026.
In a press release filed at NSE, REC said its renewable energy loan portfolio grew to ₹78,596 crore, accounting for 13.32% of its overall loan book, reflecting continued growth in financing for green energy projects. Its infrastructure and logistics portfolio expanded to ₹59,289 crore, representing more than 10% of total loan assets.
The company said sustained efforts to improve asset quality helped reduce its Stage-3 loan asset ratio to 0.11%, which it described as near-zero levels.
REC’s capital adequacy ratio (CRAR) stood at 23.06% as of June 30, 2026, well above the Reserve Bank of India’s minimum regulatory requirement of 15%, indicating capacity to support future business growth.
The company said stronger fundamentals in the Indian power sector have improved the financial position of power utilities, leading to better credit profiles and lower provisioning requirements.
It added that these benefits were passed on to borrowers through rationalised lending rates, resulting in a lending yield of 9.55% during the June quarter.
Also Read: FIIs keep selling, DIIs continue to hold the fort
Separately, REC said Poonam Chauhan has been appointed as a Part-time Non-Official (Independent) Director with effect from July 21, 2026.
REC shares ended 0.71% higher at ₹361 on the NSE on July 24, ahead of the company’s June quarter earnings announcement.
Also Read: Google updates lightweight Gemini models, but flagship still delayed
