REC FY26: Profit rises to ₹16,282 crore as asset quality tightens and renewables scale

FY26 profit after tax was ₹16,282 crore, total income was ₹59,187 crore, net interest income was ₹20,750 crore, loan book was ₹5.84 lakh crore, and net worth was ₹84,290 crore.

As of Mar-26, gross credit-impaired assets were 0.24% and net credit-impaired assets were 0.12%, improving from 1.35% and 0.38% respectively in Mar-25.

Distribution was 38%, conventional generation 25%, renewable energy 13%, infrastructure and logistics 10%, transmission 8%, others 3%, and RBPF 3%.

Renewable loan book rose from ₹18,824 crore in FY22 to ₹75,347 crore in FY26, with share in total loan book increasing from 5% to 13%.

For 12M FY26, disbursements excluding RBPF were: distribution ₹67,258 crore, renewable energy ₹28,896 crore, conventional generation ₹25,653 crore, transmission ₹9,076 crore, infrastructure and logistics ₹7,785 crore, and others ₹7,559 crore; RBPF disbursements were ₹64,962 crore.

Total borrowings were ₹5,05,777 crore comprising domestic ₹3,59,388 crore and foreign currency ₹1,46,389 crore; the presentation notes nearly 99% of foreign currency borrowings are hedged.

REC stated a commitment to net zero Scope 1 and 2 emissions by 2035 and reported an NSE ESG score of 80/100, MSCI rating BBB, CDP rating B, and Morningstar Sustainalytics risk score 15.7 (Low Risk).