REC Loan Book Rises to ₹6.17 Lakh Crore, Renewable Portfolio Grows 27%
Lender reports ₹7,541 crore profit for first half of FY27; board declares ₹3.50 interim dividend per share
Convener News Desk
NEW DELHI, October 26: REC Limited’s loan book rose to ₹6.17 lakh crore as of September 30, 2026, following an increase of ₹26,537 crore in assets under management (AUM) during the second quarter of the financial year 2026-27.
In a statement issued to Kashmir Convener, an official spokesperson of the company said the company’s renewable energy portfolio grew 27% year-on-year to ₹86,660 crore, while its net worth increased 14% to ₹94,325 crore, according to its financial results approved by the board on Monday.
REC reported a profit after tax of ₹7,541 crore for the half year ended September 30, 2026. The board also declared a second interim dividend of ₹3.50 per equity share of ₹10 face value for FY27.
The company’s loan book expanded 5% sequentially during the July-September quarter. REC reported power-sector disbursements of ₹53,541 crore during the quarter and ₹79,207 crore in the first half of the financial year.
REC said it maintained a net interest margin of 3.22% during the first half of FY27, citing improved financial health among power utilities and lower credit risk premiums in the sector.
The company’s asset quality indicators also improved. Its net non-performing assets stood at 0.11% as of September 30, following the resolution of a Stage III asset worth ₹4.16 crore during the quarter. Stage II loan assets declined 80% year-on-year to ₹3,235 crore.
Beyond the power sector, REC’s portfolio in non-power infrastructure and logistics reached ₹61,637 crore, accounting for more than 10% of its overall loan assets.
The company reported a capital adequacy ratio of 24.04% and Common Equity Tier 1 capital of 20.91% at the end of September, above the respective regulatory minimums cited by REC.
During the quarter, REC also issued a ₹500-crore tokenised corporate bond under a pilot initiative within the Securities and Exchange Board of India’s regulatory sandbox framework. The issue received bids worth ₹796 crore, the company said.
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