REC Limited Q1 FY27 Financial Results
The Board of Directors of REC Limited approved both standalone and consolidated financial results for the quarter ended 30 June 2026. Net interest income increased to ₹5,212 crore from ₹4,961 crore in the preceding quarter, reflecting a 5% rise. Net profit reached ₹4,149 crore, up 23% from ₹3,362 crore, delivering an annualised earnings‑per‑share of ₹63.04 per share. The net interest margin stood at 3.34%, underscoring the strength of the lending portfolio.
REC’s standalone loan book expanded to ₹5.90 lakh crore, the largest size among all CPSU‑NBFCs in India, and net worth grew 15% year‑on‑year to ₹91,836 crore. The renewable energy loan portfolio rose to ₹78,596 crore, representing 13.32% of total loan assets, while the infrastructure and logistics portfolio grew to ₹59,289 crore, accounting for just over 10% of assets. Asset quality improvements were highlighted by a reduction of Stage‑3 loans to 0.11% of the total loan portfolio.
The capital adequacy ratio (CRAR) was reported at a comfortable 23.06%, well above the RBI‑mandated minimum of 15%. In line with its dividend policy, REC declared a first interim dividend of ₹4.25 per equity share (face value ₹10). The company achieved a lending yield of 9.55% for the quarter.
REC was recognised with two awards: the ‘NBFC of the Year’ at the 3rd Annual Bharat NBFC & FinTech Summit & Awards 2026 and the ‘AI & GenAI Adoption Excellence Award’ at the 2nd Bharat PSU Manthan & Excellence Awards 2026, reflecting its business performance and digital innovation. The firm reiterated its strategic focus on expanding investments across conventional power, renewable energy, and infrastructure & logistics, while continuing to act as a strategic partner to the Government of India in implementing policy programmes.