REC Q2 profit falls; dividend declared and Power Finance merger advances

Revenue DeclineResults RestatedNegative Operating CashflowResults View source PDF Explain this filing

RECLTD · price

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Price reactionminutes from the announcement price · days from the prior close

-3.4%Reaction day

₹296.45

prior close

₹295.30

announcement price

After-mkt

timing

Nifty Midcap 150marketpendingvs market: pending

Financial Institution peers, median of 7sector-1.0%-2.3% vs sector

On the reaction day the stock moved 2.3 pts less than its Financial Institution peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-2.0

10m

-2.8

15m

-2.5

30m

-2.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.4pendingpending-1.0-2.3

Next day

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15d

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UpDownMarket · Nifty Midcap 150Sector · Financial Institution peers, median of 7Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

REC's consolidated profit after tax for the September 2026 quarter fell to Rs 3,477.73 crore from Rs 4,414.93 crore. Half-year profit after tax was Rs 7,670.49 crore versus Rs 8,880.64 crore, while revenue was Rs 29,435.32 crore versus Rs 29,969.26 crore. Operating cash outflow was Rs 17,410.50 crore. A Rs 3.50 interim dividend was declared. REC's merger into Power Finance Corporation has RBI and exchange clearances but awaits approvals.

Likely market impact

Lower profit may weigh on the stock, while dividend and merger progress support interest. Cash outflow reflects loan growth; approval risks remain.