The Board of Directors of REC Limited has approved the standalone and consolidated financial results for the half year ended September 30, 2025, showing strong growth across all parameters.
In H1 FY26, REC’s disbursements rose 27% to ₹1,15,470 crore from ₹90,955 crore a year earlier. Total income grew 12% to ₹29,828 crore, while net interest income climbed 15% to ₹10,608 crore. The company’s net profit surged 19% year-on-year to ₹8,877 crore, reflecting robust operational performance.
During the second quarter, loan sanctions nearly doubled—up 97% to ₹1,49,832 crore compared to ₹76,200 crore in Q2 FY25. REC maintained healthy spreads at 2.89% and NIM at 3.64%, while EPS rose 19% to ₹67.24.
The loan book expanded to ₹5.82 lakh crore, and net credit-impaired assets declined sharply to 0.24% from 0.88% a year earlier, backed by a 77.06% provision coverage ratio. The company’s net worth also grew to ₹82,739 crore as of September 30, 2025.
Continuing its shareholder-friendly policy, the Board declared a second interim dividend of ₹4.60 per share, taking the total interim dividend for FY26 to ₹9.20 per equity share.
A Navratna NBFC under the Ministry of Power, REC Limited provides long-term financing for power, renewable energy, and infrastructure projects across the public and private sectors.
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