REC Reports INR 7,541 Crore PAT in H1 FY27, Renewable Energy Portfolio Grows 27 Percent
REC Ltd. reported an H1 FY27 profit after tax of INR 7,541 crore, with its loan book reaching INR 6.17 lakh crore and renewable energy portfolio growing 27 percent YoY to INR 86,660 crore.
October 28, 2026. By Mrinmoy Dey
REC's loan book increased by 5 percent sequentially during Q2 FY27, while its assets under management (AUM) grew by INR 26,537 crore, according to the company.
REC reported power-sector disbursements of INR 53,541 crore in Q2 FY27 and INR 79,207 crore in H1 FY27. The company attributed its growth to rising power demand, strong power offtake and its focus on technology-driven credit assessment and customer-centric financing solutions.
The company's net worth increased 14 percent YoY to INR 94,325 crore, while its annualised earnings per share stood at INR 57.27 for H1 FY27. The Board also declared a second interim dividend of INR 3.50 per equity share of INR 10 face value for FY27.
REC's asset quality remained stable, with its net non-performing assets (NPAs) at 0.11 percent as of September 30, 2026. During the quarter, the company resolved a Stage III asset worth INR 4.16 crore. Its Stage II loan assets declined 80 percent YoY to INR 3,235 crore, which the company attributed to focused recovery efforts and monitoring.
The renewable energy portfolio reached INR 86,660 crore, registering 27 percent YoY growth. REC's portfolio in the non-power infrastructure and logistics sectors increased to INR 61,637 crore, accounting for more than 10 percent of its overall loan assets, as the company continued to expand its lending beyond the power sector.
REC reported a capital adequacy ratio (CRAR) of 24.04 percent and a Common Equity Tier 1 (CET1) capital ratio of 20.91 percent as of September 30, 2026. Both ratios were above the respective regulatory minimums of 15 percent and 9 percent, according to the company.
During the quarter, REC issued INR 500 crore of tokenised corporate bonds under the Securities and Exchange Board of India's (SEBI) regulated sandbox framework, which the company described as India's first pilot issue of tokenised corporate bonds. The issue received bids worth INR 796 crore, exceeding the issue size.
REC stated that its diversified lending portfolio across power, renewable energy, infrastructure and logistics would support its participation in emerging infrastructure investment opportunities and India's energy transition.
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