REC's Q2 profit falls 21% to ₹3,477.73 crore; second interim dividend of ₹3.50 declared

What happened

• REC reported consolidated net profit of ₹3,477.73 crore for the September 2026 quarter against ₹4,414.93 crore a year earlier, down 21.23%, Upstox and Free Press Journal reported. Upstox gave interest income as ₹14,669.49 crore against ₹14,589.97 crore, up 0.5%; Free Press Journal, citing PTI, gave revenue from operations as ₹15,000.40 crore against ₹15,152.67 crore.
• Free Press Journal put first-half profit after tax at ₹7,541 crore and the loan book at ₹6.17 lakh crore, up 5% from the previous quarter. It gave net worth as ₹94,325 crore, up 14% from a year earlier, the NPA ratio as 0.11% and the net interest margin for the half as 3.22%.
• Both outlets said the board declared a second interim dividend of ₹3.50 a share on a face value of ₹10, with a record date of Friday, 30 October, and payment on or before 21 November.
• The shares closed at ₹298.20 against ₹293.95 on Friday on Kite data, a rise of 1.45% by my calculation. Upstox's report is timed at 5:26 PM and Free Press Journal's at 5:56 PM, after the close.

Why it matters

Good to know: A record date is the day on which a company checks its register of shareholders to decide who receives a dividend. The payment follows later, here by 21 November.

Key facts

Consolidated net profit

₹3,477.73 crore (₹4,414.93 crore a year earlier), down 21.23%

Interest income, per Upstox

₹14,669.49 crore (₹14,589.97 crore), up 0.5%

Loan book, per Free Press Journal

₹6.17 lakh crore, up 5% on the previous quarter

NPA ratio, per Free Press Journal

0.11%

Second interim dividend

₹3.50 a share; record date 30 October; paid by 21 November

Read the source

• REC Q2 results: Net profit declines 21% YoY to ₹3,478 crore; second interim dividend declaredUpstox
• REC Q2 Net Profit Falls 21 Per Cent To ₹3,477.73 Crore; Board Approves ₹3.50 Interim DividendFree Press Journal