By Enersider Desk | New Delhi
REC Limited has approved the annual standalone and consolidated financial results for the year ended March 31, 2026. The company stated that the Indian power sector is at the cusp of new vibrance owing to initiatives taken by the union government. The legacy loss-making power distribution companies achieved a collective overall net profit, marking a turnaround. REC has passed on reduced risk premium to its borrowers by rationalising its yield on loan assets.
Net Stage-3 loans (NPA) stood at 0.12% and Stage-2 loans reduced by 75% year-on-year. The loan book grew by approximately Rs. 17,000 crore during the last year. The loan book stood at Rs. 5.84 lakh crore as on March 31, 2026. The renewable loan book increased to Rs. 75,347 crore as on March 31, 2026, reflecting 30% growth.
REC registered an annual net profit of Rs. 16,282 crore during financial year ended March 31, 2026.
Key operational and financial highlights for 2025-26: sanctions at Rs. 4,09,097 crore, up 21%; disbursement at Rs. 2,11,189 crore, up 10%; net worth at Rs. 84,290 crore as on March 31, 2026, up 9%; capital adequacy ratio at 23.11% as at March 31, 2026.
The interest spread and NIM stood at 2.62% and 3.43% respectively. Earnings per share increased to Rs. 61.71 per share for the year ended March 31, 2026.
The Board of Directors declared a final dividend of Rs. 1.55 per equity share, taking the total dividend for 2025-26 to Rs. 18.55 per share.
REC achieved an ‘Excellent’ rating for three consecutive years (FY 23, FY 24 and FY 25). REC moved from 9th to 5th in the ranking of net profit-making CPSEs, as per DPE’s PE Survey Report for FY 25. REC’s ‘Maharatna’ status was reaffirmed by the DPE after a review in January 2026.
