REC shares fell over 4% after the company reported a 22% year-on-year drop in Q4 net profit to Rs 3,375 crore. Weak disbursements and modest loan growth weighed on sentiment, but Motilal Oswal kept a ‘Buy’ rating, pointing to attractive valuations and stable spreads as reasons to stay optimistic.
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.
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