Rural Electrification Corporation share price gains after 29% jump in Q1 profit

Market Performance

Rural Electrification Corporation share price traded in the green on July 25, edging up ~1% to ₹408 in morning deals. The uptick came a day after the Maharatna PSU posted a strong year‑on‑year rise in earnings.

Main News

REC reported a 29% YoY surge in Q1 FY26 net profit to ₹4,466 crore, up from ₹3,460 crore in the same quarter last year. Revenue from operations also improved, rising 13% YoY to ₹14,737 crore versus ₹13,079 crore in Q1 FY25.

The board declared its first interim dividend of ₹4.60 per share for FY26. The record date is August 1.

Financial Snapshot (Q1 FY26)

• Net Profit: ₹4,466 crore (+29% YoY)
• Revenue from Operations: ₹14,737 crore (+13% YoY)
• Dividend: ₹4.60 per share (Record date: August 1)

Company Details

Rural Electrification Corporation (REC) is a Maharatna PSU focused on financing the power sector. The latest quarterly numbers underscore steady growth in profitability and topline.

Summary

• Rural Electrification Corporation share price moved higher on July 25 after the company posted a 29% YoY jump in Q1 FY26 net profit.
• Revenue grew 13% YoY to ₹14,737 crore.
• An interim dividend of ₹4.60 per share has been announced, with August 1 as the record date.