REC Limited , a Maharatna company and a key player in India's power sector financing, has announced robust financial results for the second quarter of fiscal year 2025-26, along with a significant interim dividend declaration and the sale of two power transmission units by its subsidiary.

Strong Financial Performance

For the quarter ended September 30, 2025, REC Limited reported a standalone net profit of ₹4,425.86 crore, showcasing the company's solid financial position. The six-month period saw an even more impressive figure, with net profits reaching ₹8,876.88 crore.

On a consolidated basis, the company's performance was equally strong:

The company's total income for the quarter stood at ₹15,094.61 crore on a standalone basis and ₹15,162.38 crore on a consolidated basis, indicating a robust revenue stream.

Dividend Announcement

REC's Board of Directors has declared a second interim dividend of ₹4.60 per equity share for the financial year 2025-26. This dividend comes with the following key details:

• Record Date: October 27, 2025
• Payment Date: On or before November 14, 2025

This is in addition to an earlier interim dividend of ₹4.60 per share paid for the same fiscal year, demonstrating the company's commitment to shareholder returns.

Operational Highlights

The financial results reflect REC's strong position in the power sector financing domain. The company's loan assets stood at ₹5,82,167.19 crore as of September 30, 2025, indicating its significant role in funding power and infrastructure projects across India.

Management Changes

The Board meeting also saw a key management change announcement. Shri Dinesh Garg has been appointed as the Company Secretary & Compliance Officer and Key Managerial Personnel, effective December 1, 2025. He will be taking over from the incumbent, Shri J.S. Amitabh, who is set to retire on November 30, 2025.

Subsidiary Sells Two Power Transmission Units

REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, has sold its entire shareholding in two project-specific subsidiaries on October 17, 2025. The details of the transactions are as follows:

1. Ananthapuram II Power Transmission Limited was sold to Shivalaya Construction Limited for ₹7.70 crore.
2. SR WR Power Transmission Limited was transferred to Power Grid Corporation of India Limited for ₹0.63 crore.

Both transactions included taxes and reimbursement of expenses. The subsidiaries were sold at par value along with all assets and liabilities through a tariff-based competitive bidding process. The buyers do not belong to the promoter or promoter group, and the transactions are not classified as related party transactions. Both subsidiaries had negligible contribution to turnover and net worth during the last financial year.

Conclusion

With its strong financial performance, strategic management changes, and the divestment of two power transmission units by its subsidiary, REC Limited continues to demonstrate its operational efficiency and financial health. The company appears well-positioned to maintain its role as a key player in India's power sector financing while optimizing its portfolio of assets.

REC Ltd , a state-owned company, is set to release its second quarter financial results on October 17, 2025. The Board of Directors will convene to review the unaudited standalone and consolidated financial statements for the quarter and six-month period ending September 30. Additionally, the board will deliberate on the declaration of a second interim dividend for the fiscal year 2026.

Key Points

• Results Announcement Date: October 17, 2025
• Period Covered: Quarter and six months ending September 30, 2025
• Dividend Consideration: Second interim dividend for FY26
• Trading Window: Closed from October 1 to October 19 for designated persons

Stock Performance

REC's stock has shown significant movements over the past year:

The company's shares have experienced a substantial decline over the past year, with the stock currently trading closer to its 52-week low than its high. However, the stock showed a positive movement on the most recent trading day, rising 1.61% to Rs 376.25.

Investors and market analysts will be closely watching REC's upcoming financial results and the board's decision on the interim dividend. These announcements could potentially impact the stock's performance in the short term.