REC Limited — Investor Meet, 19-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

REC has announced a board meeting on May 26, 2025, to consider the financial results for the quarter and half-year.

REC reported its highest-ever annual profit of INR15,713 Cr in FY’25, up 12% YoY, with total income rising ~20% to INR56,000 Cr and net interest income up 27% to INR20,000 Cr. The loan book grew 11% YoY to INR5.67 lakh Cr despite INR35,000 Cr prepayments, driven by renewables disbursements rising 63% YoY. Asset quality improved sharply with gross NPAs at 1.35%. Management targets a INR10 lakh Cr loan book by 2030 with ~12% CAGR, focusing on renewables, infrastructure, and maintaining competitive pricing amid falling interest rates. Growth drivers include government schemes, active stressed asset resolution, and ESG initiatives, with a confident outlook on margin sustainability and credit quality.