REC has released its Q3 standalone financial results, showing a marginal improvement in net profit performance compared to the previous year. The state-owned power sector financing company reported steady earnings despite challenging market conditions.

Financial Performance Overview

The company's Q3 standalone results demonstrate modest growth in profitability. The following table summarizes the key financial metrics:

Performance Analysis

REC's Q3 standalone net profit of ₹40.43 billion represents a year-on-year increase of approximately 0.32% from the ₹40.30 billion reported in the corresponding quarter of the previous year. While the growth trajectory remains positive, the results fell short of market expectations, with analysts having estimated a net profit of ₹43.00 billion for the quarter.

The marginal growth in net profit indicates the company's ability to maintain stable earnings in the power financing sector. As a key player in rural electrification and power infrastructure financing, REC's performance reflects the broader dynamics of India's power sector development.

Market Context

The reported figures highlight REC's consistent performance in its core business operations. The company continues to play a crucial role in financing power projects and rural electrification initiatives across the country. The slight uptick in profitability demonstrates operational stability, though the gap between actual results and analyst expectations suggests potential challenges in achieving higher growth rates in the current market environment.

REC Limited has announced that its Board of Directors will meet on January 29, 2026, to deliberate on the declaration of a third interim dividend for the financial year 2025-26. The announcement was made through an official communication dated January 23, 2026, addressed to both the National Stock Exchange of India Limited and BSE Limited.

Board Meeting Details

The scheduled board meeting represents an update to the company's earlier intimation letter dated January 19, 2026. The meeting is being convened in strict compliance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates proper disclosure of board meetings to stock exchanges.

Regulatory Compliance and Communication

The formal intimation was signed by Dinesh Garg, Company Secretary and Compliance Officer of REC Limited. The communication was simultaneously sent to both major stock exchanges where the company's shares are listed. On the National Stock Exchange, REC Limited trades under the scrip code RECLTD, while on BSE Limited, it operates under scrip code 532955.

Corporate Structure and Operations

REC Limited maintains an extensive operational network across India with regional offices in multiple cities including Bengaluru, Bhopal, Bhubaneswar, Chennai, Dehradun, Guwahati, Hyderabad, Jaipur, Jammu, Kolkata, Lucknow, Mumbai, Panchkula, Patna, Raipur, Ranchi, Shillong, Shimla, Thiruvananthapuram, and Vijaywada. The company also operates state offices in Vadodara and Varanasi, along with a dedicated training center - the REC Institute of Power Management & Training (RECIPMT) located in Hyderabad.

Dividend Distribution Pattern

The consideration of a third interim dividend for FY26 indicates REC Limited's commitment to regular shareholder returns throughout the financial year. The board's decision to evaluate this dividend proposal demonstrates the company's financial position and its approach to distributing profits to shareholders through multiple interim payments rather than a single annual dividend.