REC's Q2 FY 2025-26 Quarterly Results

Result Summary

• REC Ltd reported a 2.3% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 10.6%.
• Its expenses for the quarter were down by 3.0% QoQ and up 8.3% YoY.
• The net profit decreased 1.1% QoQ and increased 9.3% YoY.
• The earnings per share (EPS) of REC Ltd stood at 16.77 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

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Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

REC Ltd, formerly known as Rural Electrification Corporation Limited, is a public sector enterprise under the Ministry of Power, Government of India. It is primarily engaged in financing and promoting power projects across India. The company's offerings include financial products and services such as project financing, consultancy services, and asset management, focusing on power generation, transmission, and distribution. As a key player in the Indian power sector, REC Ltd plays a vital role in supporting infrastructure development and funding for sustainable power projects. No recent major developments are available for REC Ltd based on the provided data.

Revenue

For the second quarter of the fiscal year 2026 (Q2FY26), REC Ltd reported a total income of ₹15,162.38 crores. This represents a quarter-over-quarter (QoQ) increase of 2.3% compared to the first quarter of fiscal year 2026 (Q1FY26), where the total income was ₹14,823.98 crores. Additionally, there was a year-over-year (YoY) increase of 10.6% when compared to the same quarter in the previous fiscal year (Q2FY25), which registered a total income of ₹13,706.31 crores. This data highlights the company's increasing revenue generation over both the short term and the long term.

Profitability

In terms of profitability, REC Ltd reported a profit before tax (PBT) of ₹5,548.94 crores in Q2FY26, which is a QoQ decrease of 2.1% from the ₹5,666.41 crores recorded in Q1FY26. However, on a YoY basis, the PBT increased by 8.9% from the ₹5,097.39 crores reported in Q2FY25. The profit after tax (PAT) for Q2FY26 was ₹4,414.93 crores, showing a slight QoQ decline of 1.1% from ₹4,465.71 crores in Q1FY26, but a YoY increase of 9.3% from ₹4,037.72 crores in Q2FY25. The earnings per share (EPS) for Q2FY26 stood at ₹16.77, also reflecting a QoQ decrease of 1.1% and a YoY increase of 9.4%.

Operating Metrics

REC Ltd's total expenses for Q2FY26 were ₹9,473.74 crores, reflecting a QoQ decrease of 3.0% from ₹9,767.36 crores in Q1FY26, and a YoY increase of 8.3% from ₹8,747.16 crores in Q2FY25. The tax expenses for the quarter were ₹1,134.01 crores, marking a QoQ decrease of 5.6% and a YoY increase of 7.0%. These metrics indicate variations in the company’s cost management and tax obligations over the respective periods. No additional financial ratios such as P/E ratio, debt-to-equity ratio, or current ratio were calculated or provided in the data, as these figures require more detailed financial data beyond what was available.