REC quarterly results

Q2 FY27 · Jul–Sep 2026

₹ crore	Q2 FY27	Q2 FY26	Change
Total income	15,010	15,162	−1.0%
Net interest income	5,147	5,459	−5.7%
Net profit	3,478	4,415	−21.2%
EPS	₹13.21	₹16.77	−21.2%

Every quarter

₹ crore except per share

Tap a line for its trend	Q2 FY27Sep 2026	Q1 FY27Jun 2026	Q4 FY26Mar 2026	Q3 FY26Dec 2025	Q2 FY26Sep 2025	Q1 FY26Jun 2025	Q4 FY25Mar 2025	Q3 FY25Dec 2024	Q2 FY25Sep 2024	Q1 FY25Jun 2024	Q4 FY24Mar 2024	Q3 FY24Dec 2023	Earlier quartersAlpha Plus

Expenses
Revenue from operations													Earlier quartersEvery year the company has filed comes with Alpha Plus.
	14,669	14,200	14,119	14,527	14,590	14,512	14,947	13,978	13,485	12,695	12,390	11,950
	0.3	0.2	9.6	0.0	0.5	0.0	1.5	6.4	0.5	0.0	1.5	0.0
	59.7	109	255	392	474	144	223	75.7	48.3	46.9	92.4	53.1
	0.0	0.0	0.0	0.0	0.0	0.0	−18.3	83.5	−2.9	286	136	−15.5
	271	125	181	98.6	88.4	80.9	180	129	152	50.2	57.5	64.2
	15,000	14,435	14,564	15,018	15,153	14,737	15,334	14,272	13,682	13,079	12,677	12,052
	10.0	34.6	19.6	40.9	9.7	86.5	14.8	15.0	23.9	13.8	29.5	19.8
	15,010	14,469	14,583	15,059	15,162	14,824	15,348	14,287	13,706	13,092	12,707	12,072
	9,522	8,748	8,931	9,243	9,131	8,934	8,768	8,837	8,506	8,020	7,896	7,654
	4.3	6.3	1.9	2.6	1.2	10.0	0.9	3.7	4.4	4.7	8.9	5.6
	0.5	300	63.4	264	58.7	577	0.0	0.0	0.0	0.0	0.0	0.0
	352	−967	588	114	140	−610	776	−83.4	−138	467	−734	56.4
	76.5	74.3	70.2	70.6	66.7	64.0	85.5	54.8	65.5	62.3	66.1	69.4
	6.7	6.8	6.9	6.8	6.7	6.7	6.5	6.3	6.0	5.9	6.0	6.0
	657	1,033	508	204	210	176	221	288	166	183	234	109
	10,619	9,201	10,169	9,904	9,613	9,158	9,858	9,106	8,609	8,743	7,477	7,900
	5,147	5,453	5,188	5,284	5,459	5,578	6,179	5,141	4,979	4,675	4,494	4,296
	4,743	4,302	5,002	5,268	5,689	5,057	6,266	5,098	4,959	4,816	4,496	4,228
Profit
	4,391	5,268	4,415	5,155	5,549	5,666	5,490	5,181	5,097	4,349	5,229	4,172
	0.0	0.0	0.0	−18.3	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
	4,391	5,268	4,415	5,136	5,549	5,666	5,490	5,181	5,097	4,349	5,229	4,172
	1,027	1,085	525	1,022	1,164	1,041	1,040	1,045	1,059	956	906	880
	−113	−9.8	514	61.8	−30.2	159	140	59.9	1.0	−66.7	244	−16.9
	913	1,076	1,039	1,084	1,134	1,201	1,180	1,105	1,060	889	1,150	863
	3,478	4,193	3,375	4,052	4,415	4,466	4,310	4,076	4,038	3,460	4,079	3,308
	3,478	4,193	3,375	4,052	4,415	4,466	4,310	4,076	4,038	3,460	4,079	3,308
	559	3,247	−3,047	676	669	−2,464	−1,050	703	−1,252	82.6	1,167	−720
	4,037	7,440	328	4,729	5,083	2,002	3,260	4,779	2,786	3,543	5,246	2,588
	3,478	4,193	3,375	4,052	4,415	4,466	4,310	4,076	4,038	3,460	4,079	3,308
Per share
	₹13.21	₹15.92	₹12.69	₹15.39	₹16.77	₹16.96	₹16.24	₹15.48	₹15.33	₹13.14	₹15.36	₹12.56
	₹13.21	₹15.92	₹12.69	₹15.39	₹16.77	₹16.96	₹16.24	₹15.48	₹15.33	₹13.14	₹15.36	₹12.56
Other comprehensive income — detail
	559	3,247	−3,047	676	669	−2,464	−1,050	703	−1,252	82.6	1,167	−720
	−39.8	41.1	−74.7	−103	70.8	6.7	−0.1	−49.5	−1.1	27.7	46.9	12.8
	1.9	−1.1	−25.3	−5.7	5.1	0.6	−0.1	—	—	—	—	—
	—	—	—	—	—	—	—	−0.7	0.3	0.8	−3.4	7.3
	803	4,283	−4,006	1,034	806	−3,301	−1,403	1,004	−1,671	74.4	1,492	−1,109
	202	1,078	−1,008	260	203	−831	−353	—	—	—	—	—
	—	—	—	—	—	—	—	253	−421	18.7	375	−383
	4,037	7,440	328	4,729	5,083	2,002	3,260	4,779	2,786	3,543	5,246	2,588
Per share — as-filed variants
	₹13.21	₹15.92	₹12.69	₹15.39	₹16.77	₹16.96	₹16.24	₹15.48	₹15.33	₹13.14	₹15.36	₹12.56
	₹13.21	₹15.92	₹12.69	₹15.39	₹16.77	₹16.96	₹16.24	₹15.48	₹15.33	₹13.14	₹15.36	₹12.56
Adjusted (ex-exceptional items) — derived
	4,391	5,268	4,415	5,155	5,549	5,666	5,490	5,181	5,097	4,349	5,229	4,172
	0.0	0.0	0.0	−18.3	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
	3,478	4,193	3,375	4,067	4,415	4,466	4,310	4,076	4,038	3,460	4,079	3,308
	₹13.21	₹15.92	₹12.69	₹15.44	₹16.77	₹16.96	₹16.24	₹15.48	₹15.33	₹13.14	₹15.36	₹12.56

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From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

RECLTD₹290.00

REC Ltd.

· Banking & Finance

Annual Quarterly₹ CrorePeersPFC IREDA MUTHOOTFIN BAJAJHLDNG HDFCAMC CHOLAFIN IRFC TATACAPMcap ₹76,363 Cr

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In ₹ Crore except Per Share 3 Months Ending	Q3 FY24 31/12/2023	Q4 FY24 31/03/2024	Q1 FY25 30/06/2024	Q2 FY25 30/09/2024	Q3 FY25 31/12/2024	Q4 FY25 31/03/2025	Q1 FY26 30/06/2025	Q2 FY26 30/09/2025	Q3 FY26 31/12/2025	Q4 FY26 31/03/2026	Q1 FY27 30/06/2026	Q2 FY27 30/09/2026
Revenue from Operations
+ Interest Income	11,950.0	12,390.2	12,695.5	13,484.8	13,977.6	14,947.3	14,512.3	14,590.0	14,526.6	14,119.1	14,200.5	14,669.5
+ Dividend Income	0.0	1.5	0.0	0.5	6.4	1.5	0.0	0.5	0.0	9.6	0.2	0.3
+ Fees & Commission Income	53.1	92.4	46.9	48.3	75.7	222.8	144.2	473.8	392.5	254.5	109.1	59.7
+ Net Gain on Fair Value Changes	-15.5	135.7	286.1	-2.9	83.5	-18.3	0.0	0.0	0.0	0.0	0.0	0.0
+ Sale of Services	64.2	57.5	50.2	151.8	128.7	180.3	80.9	88.4	98.6	180.6	125.1	270.9
Revenue from Operations	12,051.8	12,677.2	13,078.7	13,682.4	14,271.9	15,333.5	14,737.5	15,152.7	15,017.7	14,563.8	14,434.9	15,000.4
Other Income	19.8	29.5	13.8	23.9	15.0	14.8	86.5	9.7	40.9	19.6	34.6	10.0
Total Income	12,071.5	12,706.7	13,092.4	13,706.3	14,286.9	15,348.4	14,824.0	15,162.4	15,058.6	14,583.4	14,469.5	15,010.4
Expenses
+ Finance Costs	7,653.6	7,895.7	8,020.3	8,505.6	8,837.0	8,768.4	8,934.2	9,130.7	9,242.5	8,930.7	8,747.5	9,522.1
+ Fees & Commission Expense	5.6	8.9	4.7	4.4	3.7	0.9	10.0	1.2	2.6	1.9	6.3	4.3
+ Net Loss on Fair Value Changes	0.0	0.0	0.0	0.0	0.0	0.0	576.5	58.7	263.9	63.4	299.6	0.5
+ Impairment on Financial Instruments	56.4	-733.7	466.8	-138.2	-83.4	776.5	-609.8	139.7	113.7	587.8	-966.6	352.0
+ Employee Benefit Expense	69.4	66.1	62.3	65.5	54.8	85.5	64.0	66.7	70.6	70.2	74.3	76.5
+ Depreciation & Amortisation	6.0	6.0	5.9	6.0	6.3	6.5	6.7	6.7	6.8	6.9	6.8	6.7
+ Other Expenses	108.8	234.2	183.2	165.7	287.5	220.8	176.0	209.9	203.8	507.9	1,033.4	657.2
Total Expenses	7,899.9	7,477.2	8,743.2	8,608.9	9,105.9	9,858.5	9,157.6	9,613.4	9,903.9	10,168.9	9,201.2	10,619.3
Net Interest Income	4,296.4	4,494.5	4,675.2	4,979.2	5,140.6	6,178.9	5,578.1	5,459.3	5,284.1	5,188.4	5,453.0	5,147.4
Pre-provision Operating Profit (derived)	4,228.1	4,495.8	4,816.0	4,959.2	5,097.6	6,266.4	5,056.6	5,688.6	5,268.4	5,002.4	4,301.7	4,743.1
Profit
PBT before Exceptional Items	4,171.7	5,229.5	4,349.2	5,097.4	5,181.0	5,489.9	5,666.4	5,548.9	5,154.7	4,414.5	5,268.3	4,391.1
+ Exceptional Items	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-18.3	0.0	0.0	0.0
Pretax Income	4,171.7	5,229.5	4,349.2	5,097.4	5,181.0	5,489.9	5,666.4	5,548.9	5,136.4	4,414.5	5,268.3	4,391.1
+ Current Tax	880.2	906.1	955.7	1,058.7	1,044.7	1,039.6	1,041.4	1,164.2	1,022.2	525.2	1,085.4	1,026.9
+ Deferred Tax	-16.9	244.3	-66.7	1.0	59.9	140.3	159.3	-30.2	61.8	514.3	-9.8	-113.5
Tax Expense	863.3	1,150.4	889.0	1,059.7	1,104.6	1,179.9	1,200.7	1,134.0	1,084.0	1,039.5	1,075.5	913.4
Net Income	3,308.4	4,079.1	3,460.2	4,037.7	4,076.4	4,310.0	4,465.7	4,414.9	4,052.4	3,375.1	4,192.8	3,477.7
+ Net Income — Continuing Ops	3,308.4	4,079.1	3,460.2	4,037.7	4,076.4	4,310.0	4,465.7	4,414.9	4,052.4	3,375.1	4,192.8	3,477.7
+ Other Comprehensive Income	-720.3	1,166.7	82.6	-1,251.9	702.7	-1,050.1	-2,464.2	668.5	676.1	-3,046.8	3,247.2	558.9
Total Comprehensive Income	2,588.1	5,245.8	3,542.8	2,785.8	4,779.0	3,259.8	2,001.6	5,083.5	4,728.6	328.3	7,440.0	4,036.6
Net Income to Common	3,308.4	4,079.1	3,460.2	4,037.7	4,076.4	4,310.0	4,465.7	4,414.9	4,052.4	3,375.1	4,192.8	3,477.7
Per Share
Basic EPS	12.56	15.36	13.14	15.33	15.48	16.24	16.96	16.77	15.39	12.69	15.92	13.21
Diluted EPS	12.56	15.36	13.14	15.33	15.48	16.24	16.96	16.77	15.39	12.69	15.92	13.21
Other Comprehensive Income — detail
+ Other Comprehensive Income	-720.3	1,166.7	82.6	-1,251.9	702.7	-1,050.1	-2,464.2	668.5	676.1	-3,046.8	3,247.2	558.9
+ Items NOT to be Reclassified to P&L	12.8	46.9	27.7	-1.1	-49.5	-0.1	6.7	70.8	-103.1	-74.7	41.1	-39.8
+ Tax on Items NOT to be Reclassified	—	—	—	—	—	-0.1	0.6	5.1	-5.7	-25.3	-1.1	1.9
+ Tax on Items NOT to be Reclassified — alt tag	7.3	-3.4	0.8	0.3	-0.7	—	—	—	—	—	—	—
+ Items to be Reclassified to P&L	-1,109.0	1,491.9	74.4	-1,671.1	1,004.2	-1,403.4	-3,301.2	805.7	1,033.7	-4,005.6	4,282.9	802.5
+ Tax on Items to be Reclassified	—	—	—	—	—	-353.2	-830.8	202.8	260.2	-1,008.1	1,077.9	202.0
+ Tax on Items to be Reclassified — alt tag	-383.2	375.5	18.7	-420.6	252.8	—	—	—	—	—	—	—
Comprehensive Income — Owners of Parent	2,588.1	5,245.8	3,542.8	2,785.8	4,779.0	3,259.8	2,001.6	5,083.5	4,728.6	328.3	7,440.0	4,036.6
Per Share — as-filed variants
Basic EPS — Continuing Operations	12.56	15.36	13.14	15.33	15.48	16.24	16.96	16.77	15.39	12.69	15.92	13.21
Diluted EPS — Continuing Operations	12.56	15.36	13.14	15.33	15.48	16.24	16.96	16.77	15.39	12.69	15.92	13.21
Adjusted (ex-Exceptional Items) — derived
Pretax Income (Adjusted, as filed)	4,171.7	5,229.5	4,349.2	5,097.4	5,181.0	5,489.9	5,666.4	5,548.9	5,154.7	4,414.5	5,268.3	4,391.1
− Exceptional Items (reconciliation)	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-18.3	0.0	0.0	0.0
Net Income Adj (tax-effected)	3,308.4	4,079.1	3,460.2	4,037.7	4,076.4	4,310.0	4,465.7	4,414.9	4,066.9	3,375.1	4,192.8	3,477.7
EPS Adj	12.56	15.36	13.14	15.33	15.48	16.24	16.96	16.77	15.44	12.69	15.92	13.21
Other Filed Concepts — mapped but not yet placed in the schedule
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00
Paid Up Equity Capital	2,633.2	2,633.2	2,633.2	2,633.2	2,633.2	2,633.2	2,633.2	2,633.2	2,633.2	2,633.2	2,633.2	2,633.2

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. No consensus estimates → no Est columns. Click any row to chart it.

« ‹ › »Latest: Q2 FY27 · ConsolidatedFA Financial Analysis · alphave

Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

REC Q2 FY27 results (July–September 2026)

REC (NSE: RECLTD) reported its Q2 FY27 results (July–September 2026). Consolidated net profit was ₹3,478 crore, down 21.2% from ₹4,415 crore in Q2 FY26 and down 17.1% from ₹4,193 crore in Q1 FY27. Revenue from operations was ₹15,000 crore, down 1.0% year on year and up 3.9% from the previous quarter.

Q2 FY26 results (a year earlier): 17 October 2025
Q3 FY27 results due by: 14 February 2027

Q2 FY27 at a glance · consolidated

Net profit: ₹3,478 Cr−21.2% vs Q2 FY26−17.1% vs Q1 FY27
Revenue from operations: ₹15,000 Cr−1.0% vs Q2 FY26+3.9% vs Q1 FY27
Earnings per share (basic): ₹13.21−21.2% vs Q2 FY26−17.0% vs Q1 FY27
Net profit margin: 23.2%−6.0 pts vs Q2 FY26−5.9 pts vs Q1 FY27

Questions

What was REC's net profit in Q2 FY27?

Consolidated net profit was ₹3,478 crore, down 21.2% from ₹4,415 crore in Q2 FY26 and down 17.1% from ₹4,193 crore in Q1 FY27.

What was REC's revenue in Q2 FY27?

Revenue from operations was ₹15,000 crore, down 1.0% year on year and up 3.9% from the previous quarter.

How were REC's Q2 FY27 results?

Both fell from a year earlier: net profit was down 21.2% at ₹3,478 crore and revenue was down 1.0% at ₹15,000 crore. Against Q1 FY27, net profit was down 17.1% and revenue up 3.9%.

What was REC's EPS in Q2 FY27?

Basic earnings per share were ₹13.21, against ₹16.77 in Q2 FY26.

What is REC's net profit margin?

REC's net profit margin was 23.2% in Q2 FY27 (net profit as a share of revenue from operations), against 29.1% in Q2 FY26 (down 6.0 percentage points). For FY26 as a whole it was 27.4%.

What was REC's net profit in FY26?

Consolidated net profit was ₹16,308 crore in FY26 (April 2025–March 2026), up 2.7% from ₹15,884 crore in FY25. It was ₹14,145 crore in FY24 and ₹11,167 crore in FY23: up 46.0% over three years, 13.5% a year on average.

What was REC's net profit in the first half of FY27?

Consolidated net profit for the first half of FY27 (April–September 2026) was ₹7,670 crore, down 13.6% from ₹8,881 crore in the same months a year earlier. Revenue from operations was ₹29,435 crore, down 1.5%.

What was REC's revenue in FY26?

Revenue from operations was ₹59,584 crore in FY26 (April 2025–March 2026), up 5.7% from ₹56,367 crore in FY25. It was ₹47,505 crore in FY24 and ₹39,478 crore in FY23: up 50.9% over three years, 14.7% a year on average.

When will REC announce its Q3 FY27 results?

Q3 FY27 covers October–December 2026. Listed companies must publish quarterly results within 45 days of the quarter's end (SEBI listing rules, Regulation 33), so the results are due by 14 February 2027. The company tells the exchanges the date of the board meeting at least two working days before it.

How has REC's profit changed over the last four quarters?

Net profit by quarter: ₹4,052 crore in Q3 FY26, ₹3,375 crore in Q4 FY26, ₹4,193 crore in Q1 FY27 and ₹3,478 crore in Q2 FY27. That is ₹15,098 crore over the four quarters, down 12.6% from ₹17,267 crore in the four quarters before. Revenue from operations: ₹15,018 crore, ₹14,564 crore, ₹14,435 crore and ₹15,000 crore.

Where do these REC figures come from?

From REC's own consolidated results filings to NSE, in ₹ crore as filed. Growth compares the same consolidated figures a year and a quarter earlier.

Consolidated figures from the company's filings to NSE. Every company's results dates this season are in the Q2 FY27 results calendar, part of Alpha Plus.