REC Ltd. Q1 FY2027 results: revenue ₹14,435 crore, down 2.1% on the year
REC Ltd. (RECLTD) reported consolidated revenue from operations of ₹14,435 crore for Q1 FY2027, the quarter ended 30 June 2026, down 2.1% on the same quarter a year earlier. Profit after tax was ₹4,193 crore, down 6.1% on the year, and earnings per share ₹15.92. The figures are the company's own, from the un-audited results it filed with NSE on 24 July 2026.
The quarter, against the one before and a year earlier
| Line | Q1 FY2027 | Q4 FY2026 | Q1 FY2026 | Change on the year |
|---|---|---|---|---|
| Revenue from operations | 14,435 | 14,564 | 14,737 | -2.1% |
| Other income | 35 | 20 | 87 | -60.0% |
| Total income | 14,469 | 14,583 | 14,824 | -2.4% |
| Cost of materials consumed | 0 | 0 | 0 | n/a |
| Purchases of stock-in-trade | 0 | 0 | 0 | n/a |
| Changes in inventories | 0 | 0 | 0 | n/a |
| Employee benefit expense | 74 | 70 | 64 | +16.1% |
| Finance costs | 8,748 | 8,931 | 8,934 | -2.1% |
| Depreciation, depletion and amortisation | 7 | 7 | 7 | +1.3% |
| Other expenses | 42 | 45 | 37 | +13.2% |
| Total expenses | 9,201 | 10,169 | 9,158 | +0.5% |
| Profit before exceptional items and tax | 5,268 | 4,415 | 5,666 | -7.0% |
| Exceptional items | 0 | 0 | 0 | n/a |
| Profit before tax | 5,268 | 4,415 | 5,666 | -7.0% |
| Current tax | 1,085 | 525 | 1,041 | +4.2% |
| Deferred tax | -10 | 514 | 159 | n/a |
| Total tax | 1,076 | 1,039 | 1,201 | -10.4% |
| Profit after tax | 4,193 | 3,375 | 4,466 | -6.1% |
| Attributable to owners of the parent | 4,193 | 3,375 | 4,466 | -6.1% |
| Other comprehensive income | 3,247 | -3,047 | -2,464 | n/a |
| Total comprehensive income | 7,440 | 328 | 2,002 | +271.7% |
₹ crore except per share.
Quarterly results, the last 12 quarters
| Q4 FY2023 | Q1 FY2024 | Q2 FY2024 | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q1 FY2026 | Q3 FY2026 | Q4 FY2026 | Q1 FY2027 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 10,243 | 11,088 | 11,688 | 12,052 | 12,677 | 13,079 | 13,682 | 14,272 | 14,737 | 15,018 | 14,564 | 14,435 |
| Expenses | 6,353 | 7,371 | 6,864 | 7,900 | 7,477 | 8,743 | 8,609 | 9,106 | 9,158 | 9,904 | 10,169 | 9,201 |
| Operating profit | 10,392 | 10,771 | 12,180 | 11,812 | 13,102 | 12,362 | 13,585 | 14,009 | 14,521 | 14,363 | 13,333 | 13,988 |
| OPM % | 101% | 97% | 104% | 98% | 103% | 95% | 99% | 98% | 99% | 96% | 92% | 97% |
| Other income | 12 | 4 | 13 | 20 | 29 | 14 | 24 | 15 | 87 | 41 | 20 | 35 |
| Interest | 6,496 | 7,049 | 7,350 | 7,654 | 7,896 | 8,020 | 8,506 | 8,837 | 8,934 | 9,243 | 8,931 | 8,748 |
| Depreciation | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 7 | 7 | 7 | 7 |
| Exceptional items | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -18 | 0 | 0 |
| Profit before tax | 3,901 | 3,721 | 4,838 | 4,172 | 5,229 | 4,349 | 5,097 | 5,181 | 5,666 | 5,136 | 4,415 | 5,268 |
| Tax % | 21% | 20% | 22% | 21% | 22% | 20% | 21% | 21% | 21% | 21% | 24% | 20% |
| Net profit | 3,065 | 2,968 | 3,790 | 3,308 | 4,079 | 3,460 | 4,038 | 4,076 | 4,466 | 4,052 | 3,375 | 4,193 |
| EPS in ₹ | ₹11.51 | ₹11.27 | ₹14.39 | ₹12.56 | ₹15.36 | ₹13.14 | ₹15.33 | ₹15.48 | ₹16.96 | ₹15.39 | ₹12.69 | ₹15.92 |
| Filing | NSE | NSE | NSE | NSE | NSE | NSE | NSE | NSE | Filing | Filing | Filing | Filing |
₹ crore except per share, consolidated, as filed with the exchange. Operating profit is sales less the expenses other than interest and depreciation, OPM is that over sales, and tax % is tax over profit before tax: arithmetic on the filed lines; everything else is as filed. Quarters before December 2024 are from the exchange's earlier results feed, which carries the filed lines without the filing itself; the column links to the exchange's page for the company.
Source
Un-audited consolidated results for the quarter ended 30 June 2026, filed with NSE on 24 July 2026: the result statement. All of REC Ltd.'s results: NSE company page.
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