New Delhi, July 24 -- State-owned non-banking finance company REC Limited on Friday reported a 23 per cent sequential rise in net profit to Rs 4,149 crore for the quarter ended June 30, 2026, and announced a first interim dividend of Rs 4.25 per equity share, according to a press release submitted to the National Stock Exchange (NSE).

The company said its Board of Directors approved the standalone and consolidated financial results for the first quarter of FY27.

According to the company, net interest income (NII) increased 5 per cent to Rs 5,212 crore from Rs 4,961 crore in the previous quarter, while net profit rose to Rs 4,149 crore from Rs 3,362 crore.

"Despite a dynamic operating environment, REC sustained a healthy NIM of 3.34%, r...