India · Delayed Price · Currency is INR REC Limited Earnings Call Transcripts
Fiscal Year 2026
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Achieved record half-year profit and disbursements, with strong asset quality and robust loan growth. Asset quality improved sharply due to major prepayments, and guidance for 11%-12% loan growth is reaffirmed. Power sector outlook remains positive, with continued focus on renewables and infrastructure.
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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 reached record highs, with strong growth in renewables and improved asset quality. Loan book and net worth rose 14% and 18% year-over-year, respectively, while NIMs and spreads improved. Outlook remains robust despite sector headwinds.
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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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Sanctions, disbursements, and AUM all saw double-digit growth, with strong momentum in renewables and infrastructure. Asset quality improved, and management expects robust write-backs and continued high growth, targeting a doubling of AUM by FY29.