REC Records ₹26,537 Cr AUM Growth Q2 FY27
REC Limited’s Board of Directors approved the standalone and consolidated financial results for the quarter and half‑year ended 30 September 2026. The company’s assets under management (AUM) increased by ₹26,537 crore in Q2 FY27, taking the loan book to ₹6.17 lakh crore, a 5% sequential rise from Q1 FY27. This growth positioned REC as the largest standalone financier in the power sector.
Power sector disbursements reached a peer‑leading ₹53,541 crore in Q2 FY27 and ₹79,207 crore for the first half of FY27, reflecting robust demand as India’s peak power consumption set a new high in FY27. The Net Interest Margin (NIM) for H1 FY27 stood at 3.22%.
The renewable energy portfolio expanded to ₹86,660 crore, marking a 27% year‑on‑year increase, underscoring REC’s commitment to India’s clean‑energy transition. Simultaneously, the newly entered non‑power infrastructure and logistics portfolio grew to ₹61,637 crore, accounting for over 10% of total loan assets.
Financial strength improved with net worth rising 14% YoY to ₹94,325 crore. Profit after tax for the half‑year was ₹7,541 crore, translating to an annualised earnings per share of ₹57.27. The Board declared a second interim dividend of ₹3.50 per equity share (face value ₹10). Asset quality remained high, with net NPA falling to 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 were cut by 80% to ₹3,235 crore year‑on‑year.
Capital adequacy ratios were robust, with a CRAR of 24.04% and CET 1 capital of 20.91%, well above the RBI‑mandated minima of 15% and 9% respectively, providing ample capacity for future growth.
REC received the Data Center Champion Award 2026 and Silver Awards for Best Corporate Bond Issuer and Best PSU Issuer, highlighting 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, sized at ₹500 crore. Investor response was strong, with a book‑building amount of ₹796 crore, demonstrating confidence in innovative financing structures.
Overall, REC’s diversified presence across power, renewable energy, infrastructure, and logistics positions it to capitalize on emerging growth opportunities while supporting key policy initiatives for India’s infrastructure transformation.