REC LimitedQ1 FY27 Results & Financial Update
REC Limited: Q1 FY27 consolidated results and company financials – revenue ₹14,434.92 Cr, PAT ₹4,192.76 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
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Quarterly Results AnalysisExplore REC Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
During the first quarter of fiscal year 2027 (ended June 30, 2026), REC Limited reported consolidated revenue from operations of 14,434.92 crore rupees alongside total income of 14,469.49 crore rupees.
The company's core top-line was predominantly driven by robust interest earnings, reaching 14,200.47 crore rupees for the quarter, supplemented by 34.57 crore rupees in other income.
On the expenditure front, finance costs remained the most substantial outflow at 8,747.50 crore rupees, reflecting the capital-intensive nature of resource mobilization for infrastructure financing.
Profit before tax for the period stood at 5,268.30 crore rupees, and after accounting for tax expenses of 1,075.54 crore rupees, the net profit after tax (PAT) reached 4,192.76 crore rupees.
Basic earnings per share for the quarter were recorded at 15.92 rupees, demonstrating solid underlying profitability for the consolidated entity during Q1 FY27.
01 · Business model
What does REC do?
REC Limited operates as a premier infrastructure finance company under India's Ministry of Power, specializing in the funding and promotion of power sector projects across generation, transmission, and distribution.
The company generates its primary revenue through interest income earned from large-scale loans extended to state power utilities, private power developers, and infrastructural initiatives.
Operating on a consolidated basis, REC manages large capital allocations to support India's evolving energy landscape, infrastructure development, and renewable energy integration.
02 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Total income | ₹14,469.49 Cr |
| Interest income | ₹14,200.47 Cr |
| Other income | ₹34.57 Cr |
| Profit before tax | ₹5,268.30 Cr |
| Profit after tax | ₹4,192.76 Cr |
| EPS | ₹15.92 |
03 · Earnings & margin drivers
What drove earnings and margins
What drove net interest income and earnings
Interest income formed the core of the revenue stream, contributing 14,200.47 crore rupees during the quarter.
Additional income streams contributed 34.57 crore rupees, bringing total consolidated income to 14,469.49 crore rupees.
NIM, spread, funding cost and credit cost
Finance expenses constituted the largest operational expenditure component at 8,747.50 crore rupees for the quarter.
Tax expenses for the quarter were recorded at 1,075.54 crore rupees against a profit before tax of 5,268.30 crore rupees.
04 · Beyond the numbers
What changed beyond the numbers
Reported update
Consolidated Financial Results
REC Limited filed its unaudited consolidated financial results for the quarter ended June 30, 2026, approved via official exchange disclosures.
05 · Key Q&A
The quarter, answered directly
What does REC do?
REC Limited operates as a premier infrastructure finance company under India's Ministry of Power, specializing in the funding and promotion of power sector projects across generation, transmission, and distribution.
What is the clearest takeaway from Q1 FY27?
During the first quarter of fiscal year 2027 (ended June 30, 2026), REC Limited reported consolidated revenue from operations of 14,434.92 crore rupees alongside total income of 14,469.49 crore rupees.
What drove earnings or loan-book movement?
Interest income formed the core of the revenue stream, contributing 14,200.47 crore rupees during the quarter.
What mattered most for margins, funding or credit cost?
Finance expenses constituted the largest operational expenditure component at 8,747.50 crore rupees for the quarter.
What changed operationally beyond the headline numbers?
REC Limited filed its unaudited consolidated financial results for the quarter ended June 30, 2026, approved via official exchange disclosures.
06 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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