India · Delayed Price · Currency is INR REC Limited Earnings Call Transcripts
Fiscal Year 2026
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Record half-year profit and disbursements were achieved, with strong asset quality improvements and robust loan growth despite large prepayments. The company remains confident in meeting its FY26 and 2030 growth targets, supported by a strong order book and sector tailwinds.
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Record quarterly profit and disbursements were achieved, with strong loan book growth and improved asset quality. Management targets 12% loan growth for FY26, expects stable margins, and sees minimal impact from new RBI provisioning norms.
Fiscal Year 2025
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Record annual profit, robust loan book growth, and improved asset quality were achieved, with strong disbursements in renewables and infrastructure. Guidance remains for 12% AUM growth, competitive margins, and continued focus on resolving NPAs and expanding green financing.
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Disbursements and profit grew strongly, with asset quality and margins improving year-over-year. Renewable and non-power infrastructure lending surged, and provisioning reversals are expected from resolved assets. Outlook remains positive with robust capitalization and expanding private sector exposure.
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Reported record H1 FY25 profit of INR 7,448 crore, with 15% loan book growth and improved asset quality. Renewable energy sanctions and disbursements surged, and guidance remains strong for 15-20% annual AUM growth, with robust margins and provision reversals expected.
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Q1 FY25 delivered robust growth with AUM up 17% and net profit rising 16% year-over-year. Renewables and infrastructure logistics saw strong sanction and disbursement growth, while asset quality improved and write-backs are expected from major resolutions.