REC Q2 Results FY27: PAT Falls 21.23% to Rs 3,477.73 Cr, Revenue Rs 15,000.40 Cr

REC Ltd (RECLTD) Q2 Results FY27 announced on 26 October 2026, covering the company's financial performance for the July to September quarter. The Consolidated revenue came in at Rs 15,000.40 Cr and PAT at Rs 3,477.73 Cr. The results date places REC Q2 Results FY27 among the filings reported on NSE and BSE for the September 2026 quarter, and the consolidated results show lower figures than the year-ago quarter on both lines.

This REC Q2 Results analysis covers the financial highlights, business drivers, outlook and risks of the quarter, using only the numbers REC reported. Univest has arranged the results analysis in the order investors usually read it, starting with the Financial Highlights table that sets this quarter beside the same quarter last year.

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REC Q2 Results FY27: Financial Highlights

Metric	Q2 FY27 (Sep 26)	Q2 FY26 (Sep 25)	YoY Change
Revenue	Rs 15000.4 Cr	Rs 15152.67 Cr	-1% YoY
Net Profit (PAT)	Rs 3477.73 Cr	Rs 4414.93 Cr	-21.23% YoY

Source: company filing for REC Q2 Results FY27, 26 October 2026. Figures in Rs Crore, Consolidated basis.

Key Takeaways from REC Q2 Results: What Stands Out

• Revenue: Consolidated revenue eased 1.0% YoY to Rs 15,000.40 Cr from Rs 15,152.67 Cr, a small decline on the year-ago quarter.
• Net profit: Net profit fell 21.23% YoY to Rs 3,477.73 Cr from Rs 4,414.93 Cr, a much sharper move than the revenue change.
• Margin: Net profit margin narrowed to 23.2% from 29.1% in the comparison quarter, so less of each rupee of revenue reached the bottom line.
• Sequential move: Revenue was up 3.9% from Rs 14,434.92 Cr in the previous quarter, even though YoY growth stayed negative in REC Q2 Results FY27.
• Return on equity: The disclosed return on equity was 20.09% in FY26, and the performance analysis below ties these figures together.

REC Q2 Results FY27: Performance Analysis

The performance analysis shows Consolidated revenue of Rs 15,000.40 Cr against Rs 15,152.67 Cr a year earlier, a 1.0% YoY decline, while net profit fell 21.23% YoY to Rs 3,477.73 Cr from Rs 4,414.93 Cr. Profit therefore moved down much faster than revenue in the September 2026 quarter, and that gap is the central point of this results analysis.

The gap between the two lines shows up in the margin figures. Net profit margin narrowed to 23.2% from 29.1% in the comparison quarter, which means a smaller share of each rupee of revenue reached net profit. In absolute terms, net profit was lower by Rs 937.20 Cr YoY, and REC Q2 Results record that change without assigning a cause.

Sequentially, revenue was up 3.9% from Rs 14,434.92 Cr in the previous quarter, so the YoY decline sits beside a quarter on quarter rise. Investors reading REC Q2 Results FY27 may watch whether later quarterly results hold revenue near the Rs 15,000.40 Cr level, which is where the results analysis turns to the business factors.

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Key Business Factors This Quarter

Return on equity – The results analysis points first to return on equity of 20.09% in FY26. This is a full-year measure, so it frames the profitability backdrop against which the quarter's Rs 3,477.73 Cr net profit should be read, rather than explaining this quarter alone.

Sequential revenue – Revenue rose 3.9% quarter on quarter, from Rs 14,434.92 Cr to Rs 15,000.40 Cr. Within these quarterly results, that sequential rise is the one disclosed factor that moved up, even as the YoY comparison with Rs 15,152.67 Cr stayed negative.

Profit margin – Net profit margin narrowed to 23.2% from 29.1% in the comparison quarter. REC Q2 Results FY27 therefore pair a slightly lower revenue base with a lower share of revenue converting into net profit. The data confirms the results but does not establish the specific cause.

FY27 Outlook After REC Q2 Results

FY27 full-year results will depend on the quarters still to be reported and on disclosed sector conditions. This results analysis therefore treats the Rs 3,477.73 Cr net profit of the latest quarter as one data point in the year, and it does not extend that figure forward or set any expectation for later quarters.

REC Q2 Results FY27 give two reference levels for the next filings: Consolidated revenue of Rs 15,000.40 Cr and net profit of Rs 3,477.73 Cr. Readers can compare each coming quarter with these levels and with the Rs 4,414.93 Cr net profit of the year-ago quarter, and the Univest Screener lists the same company for follow-up. The risks that deserve attention come next.

Key Risks to Watch After REC Q2 Results FY27

Revenue Decline

Revenue declined 1.0% year on year to Rs 15,000.40 Cr in the latest quarter, from Rs 15,152.67 Cr. A continued gap to the year-ago level would keep the top line under watch in later filings.

Net Profit Decline

Net profit fell 21.2% year on year to Rs 3,477.73 Cr, against Rs 4,414.93 Cr. REC Q2 Results FY27 place this fall at the centre of the YoY growth discussion for the quarter, since profit moved much further than revenue.

Narrower Net Profit Margin

Net profit margin narrowed to 23.2% from 29.1% in the comparison quarter. A lower margin means each rupee of revenue converts into less net profit, which investors can track in the filings that follow.

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Conclusion

REC Q2 Results FY27 record Consolidated revenue of Rs 15,000.40 Cr and net profit of Rs 3,477.73 Cr, with both lines lower YoY. These quarterly results give readers clear reference levels, and the full figures sit in the Financial Highlights section of this REC Q2 Results article, also available on the Univest app. Investors should consult a SEBI-registered advisor before acting on any consolidated results.

Frequently Asked Questions on REC Q2 Results FY27

What are REC Q2 Results FY27?

Ans. REC Q2 Results FY27 cover the July to September 2026 quarter, with Consolidated revenue of Rs 15,000.40 Cr and net profit of Rs 3,477.73 Cr, as the Financial Highlights table in this article sets out.

What is the results date for REC Q2 Results FY27?

Ans. REC announced REC Q2 Results FY27 on 26 October 2026. Alongside this results date, the opening paragraphs explain that the filing covers the July to September 2026 quarter on a Consolidated basis.

What revenue was reported in REC Q2 Results FY27?

Ans. REC reported Consolidated revenue of Rs 15,000.40 Cr for the quarter against Rs 15,152.67 Cr a year earlier, which means revenue eased 1.0% YoY, as the Performance Analysis section explains.

What net profit was reported in REC Q2 Results FY27?

Ans. REC reported net profit of Rs 3,477.73 Cr for the quarter against Rs 4,414.93 Cr a year earlier, a fall of 21.23% YoY, and the Key Takeaways section places this beside the revenue move.

How much YoY growth did revenue show in REC Q2 Results FY27?

Ans. Revenue showed no YoY growth, declining 1.0% from Rs 15,152.67 Cr to Rs 15,000.40 Cr, while the Financial Highlights table sets both periods side by side for a direct comparison.

Did net profit rise or fall in REC Q2 Results?

Ans. Net profit fell in REC Q2 Results, dropping 21.23% YoY to Rs 3,477.73 Cr, which means the profit line declined far faster than revenue, as the Performance Analysis section shows.

How does revenue compare quarter on quarter in REC Q2 Results FY27?

Ans. Revenue of Rs 15,000.40 Cr was up 3.9% from Rs 14,434.92 Cr in the previous quarter, so the sequential move was positive even though YoY growth was negative, as Key Business Factors notes.

Are REC Q2 Results consolidated results or standalone results?

Ans. REC Q2 Results are consolidated results, with revenue of Rs 15,000.40 Cr and net profit of Rs 3,477.73 Cr, so every figure in this article follows that basis, as the introduction states.

What business factors shaped REC Q2 Results FY27?

Ans. The disclosed factors are return on equity of 20.09% in FY26 and a 3.9% sequential revenue rise, so these frame REC Q2 Results FY27 alongside the margin figures covered in Key Business Factors.

What are the key risks after REC Q2 Results FY27?

Ans. The risks after REC Q2 Results FY27 are the 1.0% YoY revenue decline, the 21.23% net profit fall and a net profit margin that narrowed to 23.2% from 29.1%, as the Key Risks section details.

What is the outlook after REC Q2 Results?

Ans. FY27 full-year results will depend on the quarters still to be reported, so the outlook after REC Q2 Results stays tied to later filings and disclosed sector conditions, as the Outlook section explains.

Where can I find the complete REC Q2 Results FY27 data?

Ans. The complete REC Q2 Results FY27 data sits in the Financial Highlights table of this article, and readers can review the same figures on the Univest Screener, as the Conclusion also points out.