REC Limited — Investor Meet, 04-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

REC's H1 FY26 saw stellar financial performance with profits soaring 19% YoY to 8,877 Cr and disbursements up 27% to 1,15,470 Cr. Loan book grew 7% to 5,82,167 Cr. Asset quality improved sharply as net NPAs dropped to 0.24%, aided by an 11,400 Cr prepayment from Kaleshwaram, reducing Stage-2 assets by 52%. Management targets a 10,00,000 Cr loan book by 2030, with renewables contributing significantly. They expect 11-12% loan growth for FY26, foresee resolutions for all stressed assets by year-end, and plan to maintain NIMs of 3.5-3.75%. Confidence remains high despite prepayments and potential DISCOM privatization.