REC profit drops sharply in Q4, but company still announces dividend

Rural Electrification Corporation (REC) on Tuesday, April 28, reported its fourth-quarter results, posting a 20.6% year-on-year decline in net profit to ₹3,362.3 crore for the March quarter, compared with ₹4,236.2 crore a year ago.The company’s net interest income (NII) also fell 16% to ₹5,170 crore from ₹6,165 crore last year.

The board has recommended a final dividend of ₹1.55 per equity share (face value ₹10) for FY26, subject to shareholder approval at the upcoming Annual General Meeting. This takes the total dividend for the financial year to ₹18.55 per share, including ₹17 per share already paid as interim dividend, according to the exchange filing.
The company further disclosed, as per the exchange filing, a write-off of ₹1,295.07 crore related to Sinnar Thermal Power Ltd following the resolution plan approved under insolvency proceedings in February 2026. This was after adjusting cash recoveries of ₹1,036.26 crore, along with a reversal of expected credit loss (ECL) provisions amounting to ₹569.99 crore.Shares of Rural Electrification Corporation (REC) ended lower on Tuesday, April 28, by 1.14% at ₹373.75 on the NSE.

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