Net interest income (NII) saw a strong growth of 37.6% year-on-year, rising to ₹5,877 crore from ₹4,272.5 crore in the same quarter last year.
Apart from financial results, the board has approved the formation of a 50:50 joint venture between its subsidiary REC Power Development and Consultancy Ltd (RECPDCL) and Bharat Heavy Electricals Ltd (BHEL), another Maharatna PSU.
The JV will focus on renewable energy and other power and infrastructure projects, subject to necessary statutory and administrative approvals.
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The board also recommended a final dividend of ₹2.60 per share (face value ₹10), in addition to the ₹15.40 per share paid in four tranches during FY25. This takes the total dividend for the financial year to ₹18 per share.
Ahead of the results, REC shares ended 4.55% lower at ₹392.20 on the BSE.
