REC Ltd (NSE:RECLTD)

Q2 2026 REC Limited Earnings Call Transcript

Oct 29, 2025 / 05:00 AM GMT

Release Date Price: ₹385.55 (+4.50%)

Transcript

Key Points

Positve

REC Ltd (BOM:532955) recorded its highest ever half-yearly profit of approximately 9,000 crore, marking a 20% year-on-year growth.
The company achieved a significant reduction in net non-performing assets (NPAs) to 0.24%, showcasing improved asset quality.
REC Ltd (BOM:532955) has a strong capital adequacy ratio of 23.74%, well above the RBI requirement of 15%.
The company has a diversified asset portfolio, including conventional generation, transmission, distribution, and renewable energy.
REC Ltd (BOM:532955) declared a second interim dividend of ₹4.60 per share, totaling ₹9.20 per share for the half-year.

Negative

There is a concern about potential competition from PSU banks and other financial institutions, which could impact REC Ltd (BOM:532955)'s market share.
The company's cost of funds increased slightly due to risk mitigation measures related to foreign borrowings.
There is uncertainty regarding the impact of potential debt restructuring for state distribution companies (DISCOMs) on REC Ltd (BOM:532955)'s financials.
The company's loan book growth was affected by significant prepayments, which could continue to impact future growth.
REC Ltd (BOM:532955) faces potential challenges in maintaining its interest spreads and margins due to competitive pressures in the renewable energy sector.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

RECM.NS - REC Limited
Q2 2026 REC Limited Earnings Call
Oct 29, 2025 / 05:00AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to REC Limited Q2 F5 26 earnings conference call hosted by Elara Securities India Private Limited. As a reminder, all participant lines will be in listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing, then 0 on your touchstone cellphone. Please note that this conference is being recorded.

I now hand the conference over to Ms. Shweta Tataar.

Thank you and over to you, ma'am.

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Unidentified_2 [2]
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