REC Q4 profit drops 22% and revenue slips 5% as costs rise

Costs climbed even as loan assets stayed steady

State-run REC reported Q4 consolidated profit of Rs 3,375 crore, down 22% year-on-year, while revenue declined 5%. The company’s sequential performance weakened as expenses rose. Despite the earnings pressure, REC said its loan assets remained strong and declared a final dividend, boosting its total FY26 payout.