REC AUM Rises by ₹26,537 Crore in Q2 FY27; Net Worth Grows 14% to ₹94,325 Crore

New Delhi, October 26, 2026: REC Limited has reported strong growth in its assets under management (AUM) during the second quarter of the financial year 2026-27, supported by expansion in its renewable energy portfolio and continued growth in lending operations. The company's Board of Directors approved the standalone and consolidated financial results for the quarter, and half year ended September 30, 2026.

REC's AUM increased by ₹26,537 crore during Q2 FY27, while its loan book grew 5% sequentially to ₹6.17 lakh crore as of September 30, 2026. The company's net worth rose 14% year-on-year to ₹94,325 crore. The company also announced a second interim dividend of ₹3.50 per equity share of ₹10 face value for FY 2026-27.

REC recorded a profit after tax (PAT) of ₹7,541 crore for the half year ended September 30, 2026. Its annualised earnings per share (EPS) stood at ₹57.27. The company maintained a net interest margin (NIM) of 3.22% during the first half of FY27.

According to REC, continued improvements in the financial health of power utilities have contributed to lower credit risk premiums in the sector. The company said it has been passing on the benefits of these improvements to the sector in line with market conditions while maintaining its net interest margin.

Renewable Energy Portfolio Grows 27% to ₹86,660 Crore

REC continued to expand its exposure to renewable energy, with its portfolio reaching ₹86,660 crore as of September 30, 2026. This represents year-on-year growth of 27%, reflecting the company's continued financing support for India's clean energy transition.

The company's portfolio in the non-power infrastructure and logistics segments also expanded to ₹61,637 crore. These assets account for more than 10% of REC's overall loan assets, reflecting its growing presence beyond the conventional power sector. The company aims to leverage its diversified lending portfolio across power, renewable energy, infrastructure and logistics to support emerging investment opportunities.

Power Sector Disbursements Reach ₹79,207 Crore in H1 FY27

REC reported disbursements of ₹53,541 crore in the power sector during Q2 FY27. For the first half of FY27, disbursements stood at ₹79,207 crore. The company stated that these were the highest power-sector disbursements among its peers for the respective periods.

REC attributed its loan book growth to strong power demand, increased power offtake and its focus on technology-driven credit assessment and customer-centric financing solutions. India's peak power demand reached a new high during FY27, highlighting the growing financing requirements of the power sector. REC's loan book expanded 5% sequentially during the September quarter to ₹6.17 lakh crore, reinforcing its position as a major standalone financier in the sector.

Net NPA Falls to 0.11%

REC continued to report improvements in asset quality during the quarter. The company resolved a Stage III asset worth ₹4.16 crore, following which its net non-performing assets (NPA) stood at 0.11% as of September 30, 2026.

Stage II loan assets declined 80% year-on-year to ₹3,235 crore. REC attributed the reduction to focused recovery efforts and effective monitoring of its loan portfolio. The improvement in asset quality comes alongside growth in lending operations and an expansion of the company's renewable energy and infrastructure financing portfolios.

REC's Capital Adequacy Remains Above Regulatory Minimums

REC maintained a capital adequacy ratio (CRAR) of 24.04% as of September 30, 2026. Its Common Equity Tier 1 (CET1) capital ratio stood at 20.91%. Both ratios were above the respective regulatory minimums of 15% for CRAR and 9% for CET1 cited by the company.

REC said its capital position provides sufficient capacity to support future business growth. The 14% year-on-year increase in net worth to ₹94,325 crore further strengthened the company's capital base.

REC Issues ₹500 Crore in Tokenised Corporate Bonds

During the quarter, REC issued India's first pilot tranche of tokenised corporate bonds under the Securities and Exchange Board of India's (SEBI) regulated sandbox framework. The issue size was ₹500 crore and attracted investor demand reflected in book building of ₹796 crore.

The transaction marks the company's participation in the development of technology-enabled innovations in India's debt capital markets. REC also received the Data Center Champion Award 2026, along with Silver Awards for Best Corporate Bond Issuer and Best PSU Issuer during the quarter.

REC Focuses on Infrastructure Financing and Long-Term Growth

With operations spanning power, renewable energy, non-power infrastructure and logistics, REC continues to expand its financing activities across India's infrastructure sector. The company's latest results highlight growth in its loan book, renewable energy exposure and net worth, alongside a decline in non-performing assets.

The declared interim dividend also continues its shareholder payout programme for FY27. REC said it will continue to support infrastructure development and key policy initiatives while pursuing sustainable business growth and long-term value creation.