State-run infrastructure financier REC Ltd. reported a 22% decline in consolidated net profit to Rs 3,375.08 crore in Q4 FY26, impacted by lower interest income, even as it posted its highest-ever annual profit of Rs 16,308.17 crore for the full financial year. The company had reported a net profit of Rs 4,309.98 crore in the year-ago quarter, according to an exchange filing. The decline in quarterly earnings comes amid a moderation in income and a rise in expenses during the January–March period.