REC Ltd Q1 FY27 Net Profit Rises To ₹4,192.76 Crore

REC Ltd announced its consolidated financial results for the first quarter of fiscal year 2026-27 on 24 July 2026. The company reported a total consolidated income of ₹14,469.49 crore for the quarter ended 30 June 2026, which is slightly lower than the ₹14,583.39 crore reported in the previous quarter.

The consolidated total expenses for the quarter were ₹9,201.19 crore, compared to ₹10,168.85 crore in the previous quarter. This reduction in expenses contributed to the increase in net profit.

The consolidated net profit after tax for the quarter was ₹4,192.76 crore, which is a rise from ₹3,375.08 crore reported in the preceding quarter. The basic and diluted earnings per share (EPS) for continuing operations were ₹15.92 for the quarter ended 30 June 2026, up from ₹12.69 in the previous quarter.

REC Ltd declared a first interim dividend of ₹4.25 per equity share of ₹10 each for the financial year 2026-27. The record date for determining eligible shareholders for this interim dividend is Friday, 31 July 2026.

In addition to the interim dividend, the company also fixed Friday, 14 August 2026, as the record date for the payment of the final dividend of ₹1.55 per equity share for the financial year 2025-26. This final dividend is subject to the approval of shareholders at the upcoming Annual General Meeting.

The board of directors approved the appointment of Smt Poonam Chauhan as a part-time Non-Official (Independent) Director, effective from 21 July 2026, for a period of three years. Shri Mukul Agarwal was appointed as Head of Internal Audit, effective from 1 August 2026.

On a standalone basis, the net profit for the quarter ended 30 June 2026 was ₹4,149.46 crore, compared to ₹3,362.30 crore in the preceding quarter. The standalone total income for the quarter was ₹14,331.40 crore, while total expenses were ₹9,122.08 crore.

The unaudited standalone and consolidated financial results for the quarter ended 30 June 2026 were reviewed by the statutory auditors and approved by the company's board of directors.

The increase in net profit and declaration of an interim dividend are positive signs for REC Ltd. The company's financial performance is expected to continue to improve in the coming quarters.

The appointment of new directors and the declaration of dividends are also expected to have a positive impact on the company's stock price. Overall, REC Ltd's Q1 FY27 results are a positive sign for the company and its investors.

The company's financial performance is a reflection of its strong position in the market and its ability to generate revenue and profits. The declaration of an interim dividend is also a sign of the company's commitment to its shareholders.

In conclusion, REC Ltd's Q1 FY27 results are a positive sign for the company and its investors. The increase in net profit and declaration of an interim dividend are expected to have a positive impact on the company's stock price and financial performance in the coming quarters.

The company's strong financial performance and commitment to its shareholders make it an attractive investment option for those looking to invest in the energy sector.

The energy sector is expected to continue to grow in the coming years, driven by increasing demand for energy and government initiatives to promote renewable energy. REC Ltd is well-positioned to take advantage of this growth and is expected to continue to perform well in the coming quarters.

Overall, REC Ltd's Q1 FY27 results are a positive sign for the company and its investors. The company's strong financial performance and commitment to its shareholders make it an attractive investment option for those looking to invest in the energy sector.