REC Q4 net profit drops 22% YoY to ₹3,375 crore, loan book at all-time high; dividend recommended

It reported a 22% year-on-year (YoY) decline in its consolidated net profit to ₹3,375.08 crore during the quarter under review, as against ₹4,309.98 crore in the March quarter of the 2024-25 fiscal year (Q4 FY25).

During the latest fourth quarter, the company's total revenue from operations reduced by 5.02% YoY to ₹14,563.82 crore, compared to ₹15,333.54 crore in the same period of FY25, according to a regulatory filing.

The company's interest income, which includes interest income on loan assets, came down to ₹14,119.11 crore in the quarter under review, marking a 5.54% YoY fall from ₹14,947.26 crore in Q4 FY25.

In a separate statement, REC said it has registered its highest-ever annual net profit despite challenging macroeconomic situations and geopolitical uncertainty.

The company said it has registered growth in the loan book of around ₹17,000 crore during the last year.

As a result, the loan book is at an all-time high of ₹5.84 lakh crore as on March 31, 2026.

The renewable sector loan book increased to ₹75,347 crore as on March 31, 2026, reflecting a 30% growth.

Total sanctions increased to ₹4,09,097 crore from ₹3,37,179 crore, up 21% YoY.

Disbursement also increased 10% YoY to ₹2,11,189 crore in FY26 from ₹1,91,185 crore in FY25.

The company's net worth rose 9% to ₹84,290 crore as on March 31, 2026, from ₹77,638 crore recorded a year ago.

Final dividend

REC’s board of directors, at the meeting held on Tuesday, also recommended a final dividend of ₹1.55 per equity share with a face value of ₹10 each for FY26, subject to approval of shareholders in the ensuing Annual General Meeting (AGM).

Shares of the firm closed 0.60% lower at ₹375.80 apiece on the National Stock Exchange (NSE) on Tuesday. However, the results were announced after the market closed.

REC has a total market capitalisation of ₹98,416.75 crore as of April 28, 2026, according to data on the NSE.