REC Limited Q2 FY27 Financial Results and Highlights
The Board of Directors of REC Limited approved both standalone and consolidated financial results for the quarter and the half‑year ended 30 September 2026. The company recorded a AUM growth of ₹26,537 crore, bringing the loan book to ₹6.17 lakh crore as of the reporting date, a 5% sequential increase over the previous quarter.
The renewable energy portfolio, now valued at ₹86,660 crore, expanded 27% year‑on‑year, positioning REC among the largest renewable financiers in India. Disbursements in the power sector reached ₹53,541 crore in Q2 FY27 and ₹79,207 crore in H1 FY27, the highest among peers. The newly entered non‑power infrastructure and logistics segment grew to ₹61,637 crore, accounting for over 10% of total loan assets.
Profit after tax for the half‑year was ₹7,541 crore, translating to an annualised EPS of ₹57.27. Net worth rose 14% YoY to ₹94,325 crore. The company declared a second interim dividend of ₹3.50 per equity share (face value ₹10) for FY 2026‑27.
Asset quality remained robust with net NPA at 0.11% as of 30 September 2026. A Stage III asset of ₹4.16 crore was resolved during the quarter, and Stage‑II loan assets fell 80% to ₹3,235 crore year‑on‑year, reflecting aggressive recovery and monitoring.
Capital adequacy stayed strong, with CRAR at 24.04% and CET1 at 20.91%, well above the RBI‑mandated minima of 15% and 9% respectively. The net interest margin for H1 FY27 was 3.22%.
REC received the Data Center Champion Award 2026 and Silver Awards for Best Corporate Bond Issuer and Best PSU Issuer, underscoring its leadership in infrastructure financing and debt capital markets.
In a pioneering move, REC issued India’s first pilot tokenised corporate bond under the SEBI‑regulated sandbox, with an issue size of ₹500 crore and a book‑building receipt of ₹796 crore, indicating strong investor appetite for innovative financing structures.
Overall, REC’s diversified presence across power, renewable energy, infrastructure, and logistics, combined with solid profitability, a healthy capital base, and strategic innovations, positions it to support India’s ongoing infrastructure transformation and clean‑energy transition.