REC reported a 21% year‑on‑year decline in Q2 net profit, posting ₹3,478 crore against ₹4,415 crore from the same quarter last year; net interest income fell 9% to ₹5,478 crore, as shown in the October 30 filing.
The corporation announced its second interim dividend of ₹3.50 per equity share of ₹10 face value, with the record date set for October 30 and payout scheduled by November 21.
Its renewable‑energy portfolio expanded 27% YoY to ₹86,660 crore, while the non‑power infrastructure segment grew to ₹61,637 crore, now comprising more than 10% of total loan assets, signalling a diversification beyond power.
In a first‑of‑its‑kind move, REC issued a ₹500‑crore tokenised bond that attracted ₹796 crore in bids, marking a successful pilot under SEBI’s sandbox framework and underscoring growing investor appetite for fintech‑enabled capital.
On the NSE, REC shares closed 1.5% higher at ₹298.20; however, the stock has slipped 4.7% over the past month and is down 18.9% for the year, reflecting broader market skepticism.
The proposed merger with Power Finance Corporation is advancing toward cabinet approval; Finance Minister’s office is reviewing a preference‑share plan to preserve a 51% stake, with a potential ₹800‑crore preference capital, and the deal aims to take effect on April 1, 2027, pending RBI no‑objection and final regulatory clearance.