REC dividend in Q2 Results: Net profit declines 21% YoY to Rs 3,478 crore; Rs 3.50 per share dividend announced; check record date and payment date

REC Q2 Results: State-owned finance company REC Limited today (October 26) announced its Unaudited financial results (Standalone and Consolidated) for the quarter and half-year ended September 30, 2026. In its Board of Directors meeting held today, October 26, 2026, the Company also declared its 2nd Interim Dividend of 35 per cent for the financial year 2026-27. Here are the details.

REC Q2 Results: Net profit declines 21% YoY to Rs 3,478 crore

REC Limited posted a 21.23 per cent year-on-year (YoY) decline in its consolidated net profit to Rs 3,477.73 crore during the quarter under review, compared with Rs 4,414.93 crore in the same period last year. Its interest income stood at Rs 14,669.49 crore in Q2 FY27, marking a marginal 0.5 per cent YoY increase from Rs 14,589.97 crore in the second quarter of the 2025-26 fiscal year (Q2 FY26), according to a company's exchange filing.

Its total revenue from operations dipped 1 per cent YoY to Rs 15,000.40 crore in the quarter from Rs 15,152.67 crore in the year-ago quarter. According to a company statement, high power offtake coupled with REC’s relentless focus on technology-driven credit assessment and customer-centric solutions resulted in strong AUM (assets under management) growth.

REC’s loan book rises 5 per cent QoQ to Rs 6.17 lakh crore as of September 30, maintaining its position as the power sector’s largest standalone financier.

With the Ministry of Power’s targeted efforts, the financial health of power utilities continued to improve, reflecting in lower sectoral credit risk premiums.

REC has passed on the benefits to the power sector in line with market trends while maintaining a healthy net interest margin (NIM) of 3.22 per cent in H1 FY27.

REC dividend for FY27: Rs 3.50 per share interim dividend announced; check record date, payment date

REC's board of directors declared the company's second interim dividend of Rs 3.50 per equity share, with a face value of Rs 10 each for FY27.

The company stated in its exchange filing, '2nd Interim Dividend for the financial year 2026-27: Declared 2nd Interim Dividend @ ~3.501- (Rupees Three and Paise Fifty only) per equity share of~lO/- each for the financial year 2026-27.

The company fixed Friday, October 30, 2026, as the record date, said the company in its exchange filing.

REC dividend payment date

The company informed in its exchange filing that the dividend will be paid on or before November 21, 2026.

Shares of REC Ltd closed 1.45 per cent higher at Rs 298.20 per unit on the National Stock Exchange (NSE) on Monday, October 26. However, the results were declared after the market closed. REC Ltd has a total market capitalisation of Rs 78,522.74 crore as of October 26, 2026, according to data on the NSE.

(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.)