Public infrastructure finance company REC recorded a total income of ₹145.83 billion (~$1.54 billion) for the fourth quarter of the financial year 2026, down 5% from ₹153.48 billion (~$1.62 billion) in the corresponding quarter last year.

The company’s net profit for the quarter stood at ₹33.75 billion (~$357 million), compared to ₹43.10 billion (~$456 million) in the same period last year.

Earnings per share came in at ₹12.69 (~$0.13), down from ₹16.24 (~$0.17) a year ago.

REC’s disbursements for the quarter totaled ₹457.31 billion (~$4.84 billion), nearly flat compared to ₹455.38 billion (~$4.82 billion) in the same quarter last year. Excluding the Revamped Distribution Sector Scheme liquidity support component, disbursements rose 24% year-over-year to ₹344.51 billion (~$3.64 billion) from ₹278.10 billion (~$2.94 billion).

The distribution segment accounted for the largest share of sectoral disbursements during the quarter, followed by renewable energy and conventional generation.

REC’s total loan book at the end of the quarter grew to ₹5.84 trillion (~$61.78 billion), compared to ₹5.67 trillion (~$59.99 billion) in the previous year, reflecting a year-over-year increase of 3%. The company’s net credit-impaired assets stood at 0.12%, down from 0.38% in the previous year.

FY 2026

For the full financial year 2026, REC recorded total income of ₹596.28 billion (~$6.31 billion), up 6% from ₹564.34 billion (~$5.97 billion) in the previous year.

The company’s net profit rose to ₹163.08 billion (~$1.73 billion), up from ₹158.84 billion (~$1.68 billion) in the previous year, reflecting 3% growth.

Earnings per share increased to ₹61.81 (~$0.65) from ₹60.20 (~$0.64).

REC approved loans totaling ₹4.09 trillion (~$43.27 billion) during the year, compared to ₹3.38 trillion (~$35.76 billion) in the previous year, an increase of 21%. Total disbursements reached ₹2.11 trillion (~$22.32 billion), up from ₹1.91 trillion (~$20.21 billion), a 10% increase.

The distribution sector accounted for 31% of total disbursements, followed by renewable energy at 14% and conventional generation at 12%. Renewable energy disbursements stood at ₹288.96 billion (~$3.06 billion), up from ₹261.86 billion (~$2.77 billion) in the previous year, reflecting a 10% increase.

REC’s renewable loan book rose to ₹753.47 billion (~$7.97 billion), up from ₹579.94 billion (~$6.14 billion) in the previous year, marking 30% growth and reflecting continued expansion in clean energy financing.

REC’s revenue from operations increased by 10% to ₹446.41 billion (~$4.87 billion) against ₹407.52 billion (~$4.45 billion) in the first nine months of the FY2026.