State-run REC reported a consolidated net profit of about ₹4,193 crore for the first quarter of FY27. The result marked a 6% decline from the same period a year earlier, according to the company’s latest update.
The company, which is a key financier in the power sector, also indicated that profit was higher on a sequential basis. That suggests some quarter-on-quarter improvement even as the year-on-year comparison remained weaker.
A notable takeaway from the quarter was the expansion of REC’s infrastructure and logistics book. The portfolio grew to ₹59,289 crore, and the company said this now accounts for more than 10% of its overall loan assets.
The latest numbers point to REC’s ongoing effort to broaden its lending mix beyond its traditional power-focused base. While quarterly profit softened from a year ago, the rise in infrastructure and logistics exposure highlights the company’s push to deepen its presence in adjacent financing segments.
