New Delhi: The Board of Directors of REC Limited, today approved the standalone and consolidated financial results for the quarter and half year ended September 30, 2026.
KEY HIGLIGHTS
- GROWTH IN AUM BY 26,537 CRORE, LOAN BOOK AT 6.17 LAKH CRORE ON 30.09.2026
- ONE OF THE LARGEST RENEWABLE ENERGY PORTFOLIO AT ₹ 86,660 CRORE; GROWN BY 27% ON YOY BASIS
- HIGHEST DISBURSEMENT (AMONG PEERS) IN POWER SECTOR OF ₹53,541 CRORES IN Q2 FY27
- HIGHEST DISBURSEMENT (AMONG PEERS) IN POWER SECTOR OF ₹79,207 CRORES IN H1 FY27
- GROWTH IN NETWORTH OF 14% ON YOY BASIS
- FIRST ISSUER OF SEBI/RBI PILOT PROJECT TOKENISED BOND
Robust sequential Growth in Loan Book: Q2 FY27 vs Q1 FY27
India’s peak power demand scaled new peak in FY27, demonstrating the robustness of the power sector and its ability to meet new emerging challenges in a cohesive and positive manner. The strong power offtake coupled with REC’s relentless focus on technology-driven credit assessment & customer-centric solutions, resulted in strong AUM growth. The Loan Book of REC increased by 5% sequentially during the quarter reaching ₹6.17 lakh crore as of September 30, 2026, reiterating the fact that REC remains the largest standalone financier in the power sector.
With Ministry of Power’s continued & targeted efforts, the financial health of power utilities continued to improve, reflecting in lower sectoral credit risk premiums. REC has been adequately passing on these benefits to the sector in line with market and still maintained a healthy NIM of 3.22% during H1 FY27.
With strong operational and financial performance, REC recorded a profit after tax of ₹ 7,541 crores during the half year ended September 30, 2026, translating into an annualised EPS of ₹57.27. Backed by sustained profitability, the Company’s capital base further strengthened with Net Worth increasing by 14% year-on-year to ₹94,325 crore. Continuing Company’s consistent dividend payout tradition, the Board of Directors has declared the Second Interim Dividend of ₹3.50 per equity share (face value ₹10 each) for FY 2026-27.
REC continues to maintain pristine asset quality and resolved a Stage III asset of ₹4.16 crore during the quarter, resulting in net NPA reaching 0.11% as of September 30, 2026. The Stage-II loan assets also reduced by 80% to ₹3,235 crore as on 30.09.2026 as compared to last year, driven by focused recovery efforts and effective monitoring.
REC continued to expand its presence in strategic growth sectors. The renewable energy portfolio grew to ₹86,660 crore with YoY growth of 27%, reflecting Company’s commitment towards India’s clean energy transition. The portfolio of newly entered non-power infrastructure and logistics sector has increased to ₹61,637 crore, representing over 10% of the overall loan assets, underscoring REC’s position as one-stop solution for all financing needs across the infrastructure sector universe.
REC maintained a strong capital position, with a CRAR of 24.04% and CET 1 capital of 20.91% as on September 30, 2026, well above RBI-mandated minimum of 15% and 9% respectively, providing ample capacity to support future business growth.
During the quarter, REC was honored with the Data Center Champion Award 2026 and Silver Awards for Best Corporate Bond Issuer and Best PSU Issuer, highlighting its excellence in infrastructure financing and debt capital markets.
Company also successfully issued India’s first Pilot Issue on Tokenised Corporate Bonds Under SEBI Regulated Sandbox Framework with issue size of ₹500 crore. Demonstrating deep investor confidence and enthusiasm for cutting edge market innovations, the issue received an overwhelming market response from investors, clocking a book building of ₹796 crore.
With a diversified presence across power, renewable energy, infrastructure, and logistics, REC is well-positioned to capitalize on emerging growth opportunities. The Company continues to play a pivotal role in advancing India’s infrastructure transformation while supporting key policy initiatives and fostering long-term value creation.
