| Scrip code | 532955 |
|---|---|
| NSE Symbol | RECLTD |
| MSEI Symbol | NOTLISTED |
| ISIN | INE020B01018 |
| Name of company | REC Limited |
| Type of company | Main Board |
| Class of security | Equity |
| Date of start of financial year | 01-04-2025 |
| Date of end of financial year | 31-03-2026 |
| Date of board meeting when results were approved | 28-04-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 23-04-2026 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | Fourth quarter |
| Nature of report standalone or consolidated | Consolidated |
| Whether results are audited or unaudited for the quarter ended | Audited |
| Whether results are audited or unaudited for the Year to date for current period ended/year ended | Audited |
| Segment Reporting | Single segment |
| Description of single segment | NBFC-IFC |
| Start date and time of board meeting | 28-04-2026 10:30:00 |
| End date and time of board meeting | 28-04-2026 14:55:00 |
| Whether cash flow statement is applicable on company | Yes |
| Type of cash flow statement | Cash Flow Indirect |
| Declaration of unmodified opinion or statement on impact of audit qualification | Declaration of unmodified opinion |
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-01-2026 | 01-04-2025 |
| B | Date of end of reporting period | 31-03-2026 | 31-03-2026 |
| C | Whether results are audited or unaudited | Audited | Audited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| 1 | Income | ||
| Revenue from operations | |||
| (i) | Interest Income | 14,11,911.00 | 57,86,049.00 |
| (ii) | Dividend Income | 963.00 | 1,017.00 |
| (iii) | Rental Income | 0.00 | 0.00 |
| (iv) | Fees and commission Income | 25,451.00 | 1,26,493.00 |
| (v) | Net gain on fair value changes | 0.00 | 0.00 |
| (vi) | Net gain on derecognition of financial instruments under amortised cost category | 0.00 | 0.00 |
| (vii) | Sale of products (including Excise Duty) | 0.00 | 0.00 |
| (viii) | Sale of services | 18,057.00 | 44,857.00 |
| (ix) | Other revenue from operations | ||
| Total other revenue from operations | |||
| Total Revenue From Operations | 14,56,382.00 | 59,58,416.00 | |
| Other income | 1,957.00 | 4,419.00 | |
| Total income | 14,58,339.00 | 59,62,835.00 | |
| 2 | Expenses | ||
| Cost of materials consumed | 0.00 | 0.00 | |
| Purchases of stock-in-trade | 0.00 | 0.00 | |
| Changes in inventories of finished goods, work-in-progress and stock-in-trade | 0.00 | 0.00 | |
| Employee benefit expense | 7,020.00 | 27,151.00 | |
| Finance costs | 8,93,074.00 | 36,23,812.00 | |
| Depreciation, depletion and amortisation expense | 689.00 | 2,705.00 | |
| Fees and commission expense | 188.00 | 1,562.00 | |
| Net loss on fair value changes | 6,340.00 | 96,246.00 | |
| Net loss on derecognition of financial instruments under amortised cost category | 0.00 | 0.00 | |
| Impairment on financial instruments | 58,784.00 | 23,140.00 | |
| (f) | Other expenses | ||
| 1 | Net translation/ transaction exchange loss/ (gain) | 9,417.00 | 27,260.00 |
| 2 | Corporate social responsibility expenses | 23,623.00 | 34,299.00 |
| 3 | Cost of services rendered | 13,211.00 | 30,116.00 |
| 4 | Other expenses | 4,539.00 | 18,083.00 |
| Total other expenses | 50,790.00 | 1,09,758.00 | |
| Total expenses | 10,16,885.00 | 38,84,374.00 | |
| 3 | Total profit before exceptional items and tax | 4,41,454.00 | 20,78,461.00 |
| 4 | Exceptional items | 0.00 | (1,828.00) |
| 5 | Total profit before tax | 4,41,454.00 | 20,76,633.00 |
| 7 | Tax expense | ||
| 8 | Current tax | 52,515.00 | 3,75,300.00 |
| 9 | Deferred tax | 51,431.00 | 70,516.00 |
| 10 | Total tax expenses | 1,03,946.00 | 4,45,816.00 |
| 11 | Net Profit Loss for the period from continuing operations | 3,37,508.00 | 16,30,817.00 |
| 12 | Profit (loss) from discontinued operations before tax | 0.00 | 0.00 |
| 13 | Tax expense of discontinued operations | 0.00 | 0.00 |
| 17 | Net profit (loss) from discontinued operation after tax | 0.00 | 0.00 |
| 14 | Share of profit (loss) of associates and joint ventures accounted for using equity method | 0.00 | 0.00 |
| 15 | Total profit (loss) for period | 3,37,508.00 | 16,30,817.00 |
| 16 | Other comprehensive income net of taxes | (3,04,683.00) | (4,16,635.00) |
| 17 | Total Comprehensive Income for the period | 32,825.00 | 12,14,182.00 |
| 18 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | 3,37,508.00 | 16,30,817.00 | |
| Total profit or loss, attributable to non-controlling interests | 0.00 | 0.00 | |
| 19 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | 32,825.00 | 12,14,182.00 | |
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | 0.00 | 0.00 | |
| 20 | Details of equity share capital | ||
| Paid-up equity share capital | 2,63,322.00 | 2,63,322.00 | |
| Face value of equity share capital | 10 | 10 | |
| 21 | Reserves excluding revaluation reserve | 82,42,119.00 | |
| 22 | Earnings per share | ||
| i | Earnings per equity share for continuing operations | ||
| Basic earnings per share from continuing operations | 12.69 | 61.81 | |
| Diluted earnings per share from continuing operations | 12.69 | 61.81 | |
| ii | Earnings per equity share for discontinued operations | ||
| Basic earnings per share from discontinued operations | 0 | 0 | |
| Diluted earnings per share from discontinued operations | 0 | 0 | |
| ii | Earnings per equity share | ||
| Basic earnings per share | 12.69 | 61.81 | |
| Diluted earnings per share | 12.69 | 61.81 | |
| 23 | Debt equity ratio | ||
| 24 | Debt service coverage ratio | ||
| 25 | Interest service coverage ratio | ||
| 26 | Disclosure of notes on financial results | ||
| 23 | Debt equity ratio | |
|---|---|---|
| 24 | Debt service coverage ratio | |
| 25 | Interest service coverage ratio |
| Particulars | Year ended (dd-mm-yyyy) | |
|---|---|---|
| A | Date of start of reporting period | 01-04-2025 |
| B | Date of end of reporting period | 31-03-2026 |
| C | Whether results are audited or unaudited | Audited |
| D | Nature of report standalone or consolidated | Consolidated |
| Statement of cash flows | ||
| Cash flows from used in operating activities | ||
| Profit before tax | 20,76,633.00 | |
| Adjustments for reconcile profit (loss) | ||
| Adjustments for finance costs | 30,116.00 | |
| Adjustments for decrease (increase) in inventories | 0.00 | |
| Adjustments for decrease (increase) in trade receivables, current | 0.00 | |
| Adjustments for decrease (increase) in trade receivables, non-current | 0.00 | |
| Adjustments for decrease (increase) in other current assets | 0.00 | |
| Adjustments for decrease (increase) in other non-current assets | (13,55,801.00) | |
| Adjustments for other financial assets, non-current | 0.00 | |
| Adjustments for other financial assets, current | 1,37,353.00 | |
| Adjustments for other bank balances | 0.00 | |
| Adjustments for increase (decrease) in trade payables, current | 0.00 | |
| Adjustments for increase (decrease) in trade payables, non-current | 0.00 | |
| Adjustments for increase (decrease) in other current liabilities | 0.00 | |
| Adjustments for increase (decrease) in other non-current liabilities | 0.00 | |
| Adjustments for depreciation and amortisation expense | 2,705.00 | |
| Adjustments for impairment loss reversal of impairment loss recognised in profit or loss | 23,140.00 | |
| Adjustments for provisions, current | 15,514.00 | |
| Adjustments for provisions, non-current | 0.00 | |
| Adjustments for other financial liabilities, current | 1,52,137.00 | |
| Adjustments for other financial liabilities, non-current | 0.00 | |
| Adjustments for unrealised foreign exchange losses gains | (1,38,630.00) | |
| Adjustments for dividend income | 0.00 | |
| Adjustments for interest income | 6,011.00 | |
| Adjustments for share-based payments | 0.00 | |
| Adjustments for fair value losses (gains) | (24,136.00) | |
| Adjustments for undistributed profits of associates | 0.00 | |
| Other adjustments for which cash effects are investing or financing cash flow | 0.00 | |
| Other adjustments to reconcile profit (loss) | 44,647.00 | |
| Other adjustments for non-cash items | 1,058.00 | |
| Share of profit and loss from partnership firm or association of persons or limited liability partnerships | 0.00 | |
| Total adjustments for reconcile profit (loss) | (11,17,908.00) | |
| Net cash flows from (used in) operations | 9,58,725.00 | |
| Dividends received | 0.00 | |
| Interest paid | 0.00 | |
| Interest received | 0.00 | |
| Income taxes paid (refund) | 3,61,568.00 | |
| Other inflows (outflows) of cash | 0.00 | |
| Net cash flows from (used in) operating activities | 5,97,157.00 | |
| Cash flows from used in investing activities | ||
| Cash flows from losing control of subsidiaries or other businesses | 0.00 | |
| Cash flows used in obtaining control of subsidiaries or other businesses | 1,166.00 | |
| Other cash receipts from sales of equity or debt instruments of other entities | 0.00 | |
| Other cash payments to acquire equity or debt instruments of other entities | 0.00 | |
| Other cash receipts from sales of interests in joint ventures | 0.00 | |
| Other cash payments to acquire interests in joint ventures | 0.00 | |
| Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships | 0.00 | |
| Cash payment for investment in partnership firm or association of persons or limited liability partnerships | 0.00 | |
| Proceeds from sales of property, plant and equipment | 0.00 | |
| Purchase of property, plant and equipment | 7,520.00 | |
| Proceeds from sales of investment property | 0.00 | |
| Purchase of investment property | 0.00 | |
| Proceeds from sales of intangible assets | 0.00 | |
| Purchase of intangible assets | 83.00 | |
| Proceeds from sales of intangible assets under development | 0.00 | |
| Purchase of intangible assets under development | 0.00 | |
| Proceeds from sales of goodwill | 0.00 | |
| Purchase of goodwill | 0.00 | |
| Proceeds from biological assets other than bearer plants | 0.00 | |
| Purchase of biological assets other than bearer plants | 0.00 | |
| Proceeds from government grants | 0.00 | |
| Proceeds from sales of other long-term assets | 0.00 | |
| Purchase of other long-term assets | 3,26,769.00 | |
| Cash advances and loans made to other parties | 0.00 | |
| Cash receipts from repayment of advances and loans made to other parties | 0.00 | |
| Cash payments for future contracts, forward contracts, option contracts and swap contracts | 0.00 | |
| Cash receipts from future contracts, forward contracts, option contracts and swap contracts | 0.00 | |
| Dividends received | 0.00 | |
| Interest received | 4,772.00 | |
| Income taxes paid (refund) | 0.00 | |
| Other inflows (outflows) of cash | 0.00 | |
| Net cash flows from (used in) investing activities | (3,30,766.00) | |
| Cash flows from used in financing activities | ||
| Proceeds from changes in ownership interests in subsidiaries | 0.00 | |
| Payments from changes in ownership interests in subsidiaries | 0.00 | |
| Proceeds from issuing shares | 0.00 | |
| Proceeds from issuing other equity instruments | 0.00 | |
| Payments to acquire or redeem entity's shares | 0.00 | |
| Payments of other equity instruments | 0.00 | |
| Proceeds from exercise of stock options | 0.00 | |
| Proceeds from issuing debentures notes bonds etc | 10,76,967.00 | |
| Proceeds from borrowings | 26,29,377.00 | |
| Repayments of borrowings | 33,28,488.00 | |
| Payments of lease liabilities | 0.00 | |
| Dividends paid | 6,10,908.00 | |
| Interest paid | 4,450.00 | |
| Income taxes paid (refund) | 0.00 | |
| Other inflows (outflows) of cash | 0.00 | |
| Net cash flows from (used in) financing activities | (2,37,502.00) | |
| Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes | 28,889.00 | |
| Effect of exchange rate changes on cash and cash equivalents | ||
| Effect of exchange rate changes on cash and cash equivalents | 0.00 | |
| Net increase (decrease) in cash and cash equivalents | 28,889.00 | |
| Cash and cash equivalents cash flow statement at beginning of period | (33,721.00) | |
| Cash and cash equivalents cash flow statement at end of period | (4,832.00) | |
| Particulars | Year ended (dd-mm-yyyy) | ||
|---|---|---|---|
| Date of start of reporting period | 01-04-2025 | ||
| Date of end of reporting period | 31-03-2026 | ||
| Whether results are audited or unaudited | Audited | ||
| Nature of report standalone or consolidated | Consolidated | ||
| Assets | |||
| 1 | Finanical Asset | ||
| Cash and cash equivalents | 29,339.00 | ||
| Bank Balance other than (a) above | 1,31,770.00 | ||
| Derivative financial instruments | 19,96,094.00 | ||
| Receivables | |||
| (I) Trade Receivables | 29,321.00 | ||
| (II) Other Receivables | 387.00 | ||
| Loans | 5,79,24,308.00 | ||
| Investments | 9,83,145.00 | ||
| Other Financial assets | |||
| 1 | Other Financial assets | 24,55,623.00 | |
| Total of Other Financial assets | 24,55,623.00 | ||
| Total Financial Assets | 6,35,49,987.00 | ||
| 2 | Non Financial Asset | ||
| Inventories | 0.00 | ||
| Current tax assets (Net) | 28,015.00 | ||
| Deferred tax Assets (Net) | 3,53,959.00 | ||
| Investment Property | 98.00 | ||
| Biological assets other than bearer plants | 0.00 | ||
| Property, Plant and Equipment | 61,251.00 | ||
| Capital work-in-progress | 12,771.00 | ||
| Intangible assets under development | 0.00 | ||
| Goodwill | 0.00 | ||
| Other Intangible assets | 201.00 | ||
| Other non-financial assets | |||
| 1 | Other non-financial assets | 7,964.00 | |
| 2 | Assets classified as held for sale | 1,554.00 | |
| Total of Other non-financial assets | 9,518.00 | ||
| Total Non Financial Assets | 4,65,813.00 | ||
| Total assets | 6,40,15,800.00 | ||
| Equity and liabilities | |||
| 1 | Equity | ||
| Equity attributable to owners of parent | |||
| Equity share capital | 2,63,322.00 | ||
| Other equity | 82,42,119.00 | ||
| Total equity attributable to owners of parent | 85,05,441.00 | ||
| Non controlling interest | 0 | ||
| Total equity | 85,05,441.00 | ||
| 2 | Liabilities | ||
| 2.1 | Financial Liabilities | ||
| (a) | Derivative financial instruments | 1,94,915.00 | |
| (b) | Payables | ||
| (I)Trade Payables | |||
| (i) total outstanding dues of micro enterprises and small enterprises | 3.00 | ||
| (ii) total outstanding dues of creditors other than micro enterprises and small enterprises | 17,967.00 | ||
| II) Other Payables | |||
| (i) total outstanding dues of micro enterprises and small enterprises | 207.00 | ||
| (ii) total outstanding dues of creditors other than micro enterprises and small enterprises | 1,421.00 | ||
| (C ) | Debt Securities | 3,09,98,283.00 | |
| (d) | Borrowings (Other than Debt Securities) | 1,95,31,561.00 | |
| (e) | Deposits | 0.00 | |
| (f) | Subordinated Liabilities | 9,42,675.00 | |
| Other financial liabilities | |||
| 1 | Other financial liabilities | 37,29,025.00 | |
| Total of Other financial liabilities | 37,29,025.00 | ||
| Total Financial Liabilities | 5,54,16,057.00 | ||
| 2.2 | Non-Financial Liabilities | ||
| (a) | Current tax liabilities (Net) | 0.00 | |
| (b) | Provisions | 59,988.00 | |
| (C ) | Deferred tax liabilities (Net) | 0.00 | |
| Other non-financial liabilities | |||
| 1 | Other non-financial liabilities | 34,314.00 | |
| Total of Other non-financial liabilities | 34,314.00 | ||
| Total Non Financial Liabilities | 94,302.00 | ||
| Total liabilities | 5,55,10,359.00 | ||
| Total equity and liabilites | 6,40,15,800.00 | ||
| Disclosure of notes on assets and liabilities | |||
| Particulars | 3 months/ 6 month ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-01-2026 | 01-04-2025 |
| B | Date of end of reporting period | 31-03-2026 | 31-03-2026 |
| Whether results are audited or unaudited | Audited | Audited | |
| Nature of report standalone or consolidated | Consolidated | Consolidated | |
| 1 | Segment Revenue (Income) | ||
| (net sale/income from each segment should be disclosed) | |||
| Total Segment Revenue | |||
| Less: Inter segment revenue | |||
| Revenue from operations | |||
| 2 | Segment Result | ||
| Profit (+) / Loss (-) before tax and interest from each segment | |||
| Total Profit before tax | |||
| i. Finance cost | |||
| ii. Other Unallocable Expenditure net off Unallocable income | |||
| Profit before tax | |||
| 3 | (Segment Asset - Segment Liabilities) | ||
| Segment Asset | |||
| Total Segment Asset | |||
| Un-allocable Assets | |||
| Net Segment Asset | |||
| 4 | Segment Liabilities | ||
| Segment Liabilities | |||
| Total Segment Liabilities | |||
| Un-allocable Liabilities | |||
| Net Segment Liabilities | |||
| Disclosure of notes on segments | |||
| Particulars | 3 months/ 6 month ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-01-2026 | 01-04-2025 |
| B | Date of end of reporting period | 31-03-2026 | 31-03-2026 |
| C | Whether results are audited or unaudited | Audited | Audited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| Other comprehensive income [Abstract] | |||
| 1 | Amount of items that will not be reclassified to profit and loss | ||
| 1 | Re-measurement gains/(losses) on defined benefit plans | 10900000 | 10900000 |
| 2 | Changes in Fair Value of Equity Instruments measured at Fair Value through Other Comprehensive Income (FVOCI) | -757700000 | -757600000 |
| Total Amount of items that will not be reclassified to profit and loss | -746800000 | -746700000 | |
| 2 | Income tax relating to items that will not be reclassified to profit or loss | (2,534.00) | 27.00 |
| 3 | Amount of items that will be reclassified to profit and loss | ||
| 1 | Effective portion of gains and loss on hedging instruments in cash flow hedges | -16810100000 | -64244000000 |
| 2 | Cost of hedging reserve | -23246000000 | 9569500000 |
| Total Amount of items that will be reclassified to profit and loss | -40056100000 | -54674500000 | |
| 4 | Income tax relating to items that will be reclassified to profit or loss | (1,00,812.00) | (1,37,604.00) |
| 5 | Total Other comprehensive income | (3,04,683.00) | (4,16,635.00) |
| Whether results are audited or unaudited | Audited |
|---|---|
| Declaration of unmodified opinion or statement on impact of audit qualification | Declaration of unmodified opinion |
| Auditor's opinion | |
| Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results | Yes |
| Sr No. | Audit firm's name | Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI | Certificate valid upto | ||
| 1 | M/s. Kailash Chand Jain & Co. | Yes | 31-03-2027 | ||
|---|---|---|---|---|---|
| 2 | M/s. SCV & Co. LLP. | Yes | 28-02-2027 | ||