ResultsIQ

ResultsIQ › Latest results › REC Limited

REC Limited Q1 FY26 earnings call summary

NSE: RECLTD · BSE: 532955

Earnings call of 31 Jul 2025, summarised by AI from the filing.

REC reports highest ever quarterly net profit of ₹4,451 cr, up 29% YoY, and guides 12% loan growth for FY26.

Key takeaways

  1. Net profit ₹4,451 cr, highest ever quarterly, up 29% YoY.
  2. Asset quality Net NPA reduced to 0.24% from 0.82%; targeting net zero NPA by end of this financial year.
  3. Disbursements Highest ever quarterly disbursement of ₹59,508 cr, up 36% YoY, driven by power sector demand.
  4. Competition Management sees large opportunity pool in power and infra, not concerned about new PSU entrants.

Original filing on BSE

REC Limited Q1 FY27 results

As filed: Revenue ₹14,435 cr (−2% year on year), EBITDA ₹13,988 cr (−4% year on year), PAT ₹4,193 cr (−6% year on year), EBITDA margin 96.9% (−162 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q4 FY26: Revenue ₹14,564 cr (−5% year on year), EBITDA ₹13,333 cr (−6% year on year), PAT ₹3,375 cr (−22% year on year), EBITDA margin 91.6% (−138 bps). Score 12 of 100, Below trend. Revenue, EBITDA and profit growth were well below the company's own trend. EBITDA margin fell 138 bps year on year. Revenue fell 3% from last quarter. Revenue rose ₹-770.2 cr on a year ago, against ₹2,657 cr the year before. Share price after the results: −10.1% in 29 days (Nifty 500: +0.6%).
  • Q3 FY26: Revenue ₹15,018 cr (+5% year on year), EBITDA ₹14,363 cr (+3% year on year), PAT ₹4,052 cr (−1% year on year), EBITDA margin 95.6% (−252 bps). Score 20 of 100, Below trend. Revenue, EBITDA and profit growth were well below the company's own trend. EBITDA margin fell 252 bps year on year. Profit fell 8% from last quarter. Revenue rose ₹746 cr on a year ago, against ₹2,220 cr the year before. Share price after the results: −5.7% in 29 days (Nifty 500: +0.1%).
  • Q2 FY26: Revenue ₹15,153 cr (+11% year on year), EBITDA ₹14,677 cr (+8% year on year), PAT ₹4,415 cr (+9% year on year), EBITDA margin 96.9% (−243 bps). Score 35 of 100, Below trend. Revenue and EBITDA growth were well below the company's own trend; profit growth was below it. EBITDA margin fell 243 bps year on year. Revenue rose ₹1,471 cr on a year ago, against ₹1,994 cr the year before. Share price after the results: −4.5% in 28 days (Nifty 500: +1.0%).
  • Q1 FY26: Revenue ₹14,737 cr (+13% year on year), EBITDA ₹14,520 cr (+17% year on year), PAT ₹4,466 cr (+29% year on year), EBITDA margin 98.5% (+402 bps). Score 63 of 100, In line with trend. Revenue growth was well below the company's own trend; EBITDA growth was in line with it; profit growth was well above it. EBITDA margin rose 402 bps year on year. Revenue fell 4% from last quarter. Revenue rose ₹1,658 cr on a year ago, against ₹1,991 cr the year before. Share price after the results: −7.2% in 29 days (Nifty 500: −1.3%).
  • Q4 FY25: Revenue ₹15,334 cr (+21% year on year), EBITDA ₹14,249 cr (+9% year on year), PAT ₹4,310 cr (+6% year on year), EBITDA margin 92.9%. Score 36 of 100, Below trend. Revenue growth was in line with the company's own trend; EBITDA and profit growth were well below it. Revenue rose ₹2,657 cr on a year ago, more than the ₹2,434 cr it added the year before. Share price after the results: +5.8% in 29 days (Nifty 500: +6.1%).
  • Q3 FY25: Revenue ₹14,272 cr (+18% year on year), EBITDA ₹14,009 cr (+19% year on year), PAT ₹4,076 cr (+23% year on year), EBITDA margin 98.2% (+15 bps). Score 61 of 100, In line with trend. Revenue growth was below the company's own trend; EBITDA growth was in line with it; profit growth was above it. EBITDA margin rose 15 bps year on year. Revenue rose ₹2,220 cr on a year ago, against ₹2,270 cr the year before.
  • Q2 FY25: Revenue ₹13,682 cr (+17% year on year), EBITDA ₹13,585 cr (+12% year on year), PAT ₹4,038 cr (+7% year on year), EBITDA margin 99.3%. Score 53 of 100, In line with trend. Not enough history for a trend yet: scored on growth alone.

Past price moves after results do not indicate future moves. Not a recommendation.

REC Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.