- NEGATIVE
Quarterly Revenue REC Sep-2026 Quarterly Revenue is Rs 14,737 Cr which is growth of -2.4% YoY.
- NEGATIVE
Quarterly Net Profit REC Sep-2026 Quarterly Net Profit is Rs 3,391 Cr which is growth of -23.4% YoY.
REC Live Share Price Today, Share Analysis and Chart
NSE 02 Nov, 2026 3:31 PM (IST)
REC Stock Price Analysis
Day Price Range0.5% 1 Day return | 286.9 (LTP) 285.4288.8 LowHigh |
|---|---|
Week Price Range-2.4% 1 Week return | 286.9 (LTP) 283.1299 LowHigh |
Month Price Range-0.3% 1 Month return | 286.9 (LTP) 283.1315 LowHigh |
52 Week Price Range-23.5% 1 Year return | 286.9 (LTP) 283.1387.8 LowHigh |
REC Forecaster - Analyst Share Price Target and Estimates
Revenue forecast
EPS forecast
Consensus Recommendation
REC quarterly results: revenue, profit, and P&L – 13 quarter history
| Indicator | Graph | Sep '26 | Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 14,736.8 | 14,331.4 | 14,406.3 | 14,952.5 | 15,094.6 | 14,733.8 | 15,174.2 | 14,172.7 | 13,595.7 | 13,037.1 | 12,643.3 | 12,000.1 | 11,590.2 | ||
Operating Exp. | 558.7 | 1,329.5 | 498.7 | 475.5 | 269 | 761.8 | 233.2 | 308.5 | 187.7 | 211.7 | 305.4 | 170.7 | 187.8 | |
Operating Profit | 13,794.5 | 13,929.1 | 13,315.2 | 14,324.4 | 14,680.5 | 14,501.2 | 14,146.3 | 13,937.7 | 13,527.5 | 12,339.1 | 13,019.6 | 11,755.1 | 12,148.6 | |
Operating Profit Margin % | 93.66% | 97.43% | 92.56% | 96.07% | 97.32% | 99.01% | 93.32% | 98.45% | 99.68% | 94.75% | 103.22% | 98.11% | 104.95% | |
Depr. | 6.6 | 6.7 | 6.8 | 6.7 | 6.6 | 6.6 | 6.4 | 6.2 | 5.9 | 5.9 | 6 | 5.9 | 6.1 | |
Interest | 9,523 | 8,748.4 | 8,931.7 | 9,242.9 | 9,131.6 | 8,935.1 | 8,769.9 | 8,837.3 | 8,506.5 | 8,021.2 | 7,896.1 | 7,653.3 | 7,350 | |
Profit Before Tax | 4,274 | 5,209.3 | 4,397.1 | 5,116.4 | 5,552.8 | 5,646.9 | 5,384.7 | 5,109.7 | 5,039.6 | 4,325.8 | 5,147.8 | 4,114.3 | 4,806.7 | |
Tax | 882.8 | 1,059.9 | 1,034.8 | 1,073.3 | 1,126.9 | 1,195.9 | 1,148.5 | 1,080.6 | 1,034.2 | 883.4 | 1,131.5 | 844.9 | 1,033.8 | |
Net Profit | 3,391.2 | 4,149.5 | 3,362.3 | 4,043.1 | 4,425.9 | 4,451 | 4,236.2 | 4,029.1 | 4,005.5 | 3,442.5 | 4,016.3 | 3,269.3 | 3,772.9 | |
EPS Adj. latest | 12.9 | 15.8 | 12.8 | 15.4 | 16.8 | 16.9 | 16.1 | 15.3 | 15.2 | 13.1 | 15.3 | 12.4 | 14.3 | |
Net profit TTM | 14,946 | 15,980.7 | 16,282.3 | 17,156.2 | 17,142.2 | 16,721.8 | 15,713.2 | 15,493.3 | 14,733.5 | 14,500.9 | 14,019.2 | 13,003.8 | 12,612.6 | |
Basic EPS TTM | 56.8 | 60.7 | 61.8 | 65.2 | 65.1 | 63.5 | 59.7 | 58.8 | 56 | 55.1 | 53.2 | 49.4 | 47.9 | |
Earnings Transcripts | ||||||||||||||
Results PDF |
REC Technical Analysis
REC EMA & SMA
| 5 Day | 289.9 |
|---|---|
| 10 Day | 293.3 |
| 12 Day | 294.4 |
| 20 Day | 297.6 |
| 26 Day | 300.0 |
|---|---|
| 50 Day | 309.3 |
| 100 Day | 323.0 |
| 200 Day | 339.3 |
REC Delivery And Volume
REC Active Candlesticks
REC Resistance and Support
| First Resistance | 288.7 |
|---|---|
| Second Resistance | 290.4 |
| Third Resistance | 292.1 |
| First Support | 285.3 |
|---|---|
| Second Support | 283.6 |
| Third Support | 281.9 |
| Day RSI | 39.3 |
|---|---|
| Day MACD | -5.6 |
| Day MFI | 46.2 |
| Day MACD Signal Line | -4.8 |
REC Beta
| 1 Month | 0.8 |
|---|---|
| 1 Year | 1.2 |
| 3 Month | 0.6 |
|---|---|
| 3 Year | 1.8 |
REC Price Change Analysis
REC Deals - Insider, Bulk, Block and SAST
| Client Name | Deal Type | Action | Date | Avg. Price | Quantity | Exchange |
|---|---|---|---|---|---|---|
| GOLDMAN SACHS (SINGAPORE) PTE - ODI | Block | Sell | 16 Sep 2025 | 378.45 | 985,874 | NSE |
| GOLDMAN SACHS BANK EUROPE SE - ODI | Block | Purchase | 16 Sep 2025 | 378.45 | 985,874 | NSE |
| GOLDMAN SACHS (SINGAPORE) PTE - ODI | Block | Sell | 15 Sep 2025 | 373.30 | 1,210,464 | NSE |
| GOLDMAN SACHS BANK EUROPE SE - ODI | Block | Purchase | 15 Sep 2025 | 373.30 | 1,210,464 | NSE |
| GOLDMAN SACHS (SINGAPORE) PTE - ODI | Block | Sell | 09 Sep 2025 | 369 | 1,891,167 | NSE |
| GOLDMAN SACHS BANK EUROPE SE - ODI | Block | Purchase | 09 Sep 2025 | 369 | 1,891,167 | NSE |
| THE MTBJ LTD. AS TRST FOR GOVRNMNT PENSION INVSTMNT FUND MTBJ400045828 | Block | Sell | 14 Jul 2025 | 401.05 | 404,734 | NSE |
| THE MTBJ LTD. AS TRST FOR GOVERNMENT PENSION INVESTMENT FUND MTBJ400045849 | Block | Purchase | 14 Jul 2025 | 401.05 | 404,734 | NSE |
| UBS PRINCIPAL CAPITAL ASIA LIMITED | Block | Sell | 23 Jan 2025 | 466.50 | 251,392 | NSE |
| UBS AG | Block | Purchase | 23 Jan 2025 | 466.50 | 251,392 | NSE |
REC Corporate Actions
REC Dividend history and yield
REC dividend yields, including actual and adjusted, and dividend history, including announcement, record, and ex-dividend dates. Track REC dividend yield over time.
#Ex-Date | Dividend Amount | Dividend Type | Record Date | Instrument Type |
|---|---|---|---|---|
130 Oct 2026 | 3.5 | INTERIM | 30 Oct 2026 | Equity Share |
214 Aug 2026 | 1.55 | FINAL | 14 Aug 2026 | Equity Share |
331 Jul 2026 | 4.25 | INTERIM | 31 Jul 2026 | Equity Share |
420 Mar 2026 | 3.2 | INTERIM | 20 Mar 2026 | Equity Share |
506 Feb 2026 | 4.6 | INTERIM | 06 Feb 2026 | Equity Share |
REC Bonus shares
REC bonus history along with announcement, record, ex-bonus dates, and bonus ratios.
#Ex-Date | Bonus Ratio | Record Date |
|---|---|---|
117 Aug 2022 | 1:3 | 18 Aug 2022 |
228 Sep 2016 | 1:1 | 29 Sep 2016 |
REC Board Meetings
REC past and upcoming board meetings.
#Ex-Date | Purpose | Notes |
|---|---|---|
126 Oct 2026 | Quarterly Results & Interim Dividend | - |
224 Jul 2026 | Quarterly Results & Interim Dividend | - |
328 Jun 2026 | Others | Inter-alia, to consider & approve the Scheme of Merger amongst REC and Power Finance Corporation Limited and their respective shareholders and creditors. |
416 May 2026 | Others | Inter-alia, to consider 1. Discuss matter related to merger of REC and Power Finance Corporation Limited, in accordance with the provisions of Articles of Association of the company. |
528 Apr 2026 | Audited Results | - |
REC Research Reports
REC research reports with share price targets, and buy/hold/sell recommendations from top brokers.
# Date | Broker Name | Target | Price When Recommended | Type | Upside | Change Since Recommendation | Links |
|---|---|---|---|---|---|---|---|
| 124 Jul 2026 | Motilal Oswal | 435 | 361.6 | Buy | 20.3% | -20.66% | |
| 227 Apr 2026 | Motilal Oswal | 440 | 375.8 | Buy | 17.08% | -23.66% | |
| 328 Oct 2025 | Motilal Oswal Target | 465 | 385.55 | Buy | 20.61% | -25.59% | |
| 430 Jul 2025 | Motilal Oswal | 460 | 395.2 | Buy | 16.4% | -27.4% | |
| 524 Jul 2025 | ICICI Securities Limited | 540 | 400.75 | Buy | 34.75% | -28.41% |
REC Corporate Filings
REC BSE corporate filings and AGM, press releases, insider trading & SAST, results and corporate actions.
| Date | Announcement Title | Details | Links |
|---|---|---|---|
| 31 Oct 2026 | REC Ltd - 532955 - Announcement under Regulation 30 (LODR)-Change in Management | Intimation regarding change in Senior Management. | |
| 30 Oct 2026 | REC Ltd - 532955 - Intimation Of Incorporation Of Subsidiary Company. | Intimation of incorporation of subsidiary company. | |
| 29 Oct 2026 | REC Ltd - 532955 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome | Intimation of audio recording of Investors Conference Call. | |
| 27 Oct 2026 | REC Ltd - 532955 - Announcement under Regulation 30 (LODR)-Newspaper Publication | Newspaper Clippings in respect of Financial Results and Record Date. | |
| 26 Oct 2026 | REC Ltd - 532955 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation | Intimation of Investors Conference Call on Thursday, October 29, 2026. |
REC Documents
REC Earnings Call
REC earnings calls, including management commentary and AI-generated summaries.
| Date | Title | Links |
|---|---|---|
| 31 Jul 2025 | REC Ltd - 532955 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome | Link |
| 14 May 2025 | REC Ltd - 532955 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome | Link |
| 14 Feb 2025 | REC Ltd - 532955 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome | Link |
| 10 Feb 2025 | REC Ltd - 532955 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome | Link |
| 10 Feb 2025 | REC Ltd. Results Earnings Call for Q3FY25 | Video |
REC Annual Reports
REC financials, including annual results, balance sheets, and cash flow statements.
REC Credit Ratings
REC credit ratings from CRISIL and leading rating agencies, assessing financial stability, investment grade, and related PDF documentation.
| Date | Rating Agency | Company Name | Description | Links |
|---|---|---|---|---|
| 08 Oct 2026 | icra ratings | REC Limited | [ICRA]A1+ assigned to short-term borrowing programme and earlier ratings reaffirmed | Link |
| 06 Oct 2026 | care ratings | REC Limited | Link | |
| 06 Oct 2026 | crisil ratings | REC Limited | REC Limited:Ratings Reaffirmed | Link |
| 05 Jul 2026 | crisil ratings | REC Limited | REC Limited:Update on REC Limited | Link |
| 30 Mar 2026 | icra ratings | REC Limited | [ICRA]AAA (Stable)/[ICRA]A1+ assigned, ratings reaffirmed and rated amount enhanced | Link |
REC Investor Presentations
REC investor presentations, including business updates, financial insights, and strategic initiatives.
| Date | Report Title | Links |
|---|---|---|
| 07 Feb 2025 | REC Ltd - 532955 - Announcement under Regulation 30 (LODR)-Investor Presentation | Link |
REC - Company Profile
REC Management Structure
REC management structure with salaries, total experience, and qualifications.
REC Board of Directors
REC Board of directors with salaries, total experience, and qualifications.
REC Brands
Brands owned by REC
| LOGO | BRAND NAME |
|---|---|
![]() | Rural Electrification Corporation |
About the company - Business Profile
REC Ltd. (formerly Rural Electrification Corporation) is a Maharatna Central Public Sector Enterprise (CPSE) under the Ministry of Power, Government of India. It functions as a key infrastructure finance company, providing financial assistance across the entire power sector value chain, including generation, transmission, distribution, and renewable energy. Beyond the power sector, it has expanded its mandate to include financing for non-power infrastructure such as roads, railways, metro, and airports.
Key Points
Key Facts
- Founded Year: 1969.
- Headquarters: Gurugram, Haryana (Corporate Office); New Delhi (Registered Office).
- Parent Company: A subsidiary of Power Finance Corporation (PFC) Ltd (since 2019).
- Products: Long-term loans, short-term loans, bridge loans, and debt refinancing for infrastructure projects.
- Stock Listing: Listed on the National Stock Exchange (NSE: RECLTD) and Bombay Stock Exchange (BSE: 532955).
Operations and Resources REC operates as a Non-Banking Financial Company (NBFC) and an Infrastructure Finance Company (IFC). It provides financial support to State Electricity Boards (SEBs), State Power Utilities (SPUs), Central Sector Utilities, and Private Sector Power Developers. The company is instrumental in implementing major government schemes like the Revamped Distribution Sector Scheme (RDSS) and PM Surya Ghar Muft Bijli Yojana.
Ownership and Market Significance
- Ownership: Following a strategic acquisition in March 2019, PFC holds a majority stake in REC. It remains a government-controlled entity with Maharatna status, providing it with significant operational and financial autonomy.
- Strategic Importance: REC acts as a nodal agency for several flagship government initiatives aimed at achieving 24x7 power for all and meeting India’s renewable energy targets of 500 GW by 2030.
Revenue and Financial Performance For the period ended December 31, 2025 (9M FY2026), the company reported the following consolidated figures:
- Total Income: ₹12,933.08 crore (Net Profit After Tax).
- Net Worth: ₹87,013.69 crore.
- Asset Quality: Gross Credit Impaired Assets (Gross NPA) stood at 2.42% as of December 31, 2025.
- Capital Adequacy: Capital to Risk-Weighted Assets Ratio (CRAR) was robust at 24.26%.
- Debt-to-Equity Ratio: 5.73 times.
Business Model and Innovation REC's business model focuses on earning interest spreads by borrowing at competitive rates (leveraging its high credit rating) and lending to infrastructure projects.
- Renewable Focus: The company has targeted a renewable energy loan book expansion of 10 times its current value by 2030, specifically focusing on Solar, Wind, Green Ammonia/Hydrogen, and Pumped Storage projects.
- Technology: Its subsidiary, RECPDCL, is implementing the National Feeder Monitoring System (NFMS), a cloud-based IT platform to monitor power reliability across all outgoing distribution feeders nationwide.
Subsidiaries and Strategic Initiatives
- REC Power Development and Consultancy Limited (RECPDCL): A wholly-owned subsidiary providing consultancy and project management services in the power sector.
- Key Initiatives:
- Integration of ESG assessments into the loan appraisal process for private sector borrowers starting January 2025.
- Implementation of the PM Surya Ghar scheme for large-scale rooftop solarization.
- Mandate expansion to finance infrastructure in logistics, healthcare, and communications.
Employee and Sustainability REC maintains a specialized workforce with a focus on professional development and welfare. The company has established a comprehensive ESG Policy ratified by the Board to align its financing activities with global sustainability standards. It also maintains a robust grievance redressal mechanism for human rights and workplace ethics.
References

