RECLTD REC Q2 FY27 results (Jul–Sep 2026) and concall
REC grew its loan book to ₹6.17 lakh crores (+6%) in H1 FY27 with PAT of ₹7,541 crores and NIM of 3.22%. Asset quality improved further: net credit-impaired assets halved to 0.11% and Stage 2 assets fell by roughly three-quarters. Management guided to 10-12% loan-book growth for FY27 and more than ₹2 lakh crores of disbursements, citing lower prepayments and a ₹70,000-crore pipeline of documented projects. Management also openly acknowledged that competition will keep pressure on margins. The pending absorption into PFC, which still awaits Cabinet approval, is the main strategic development.
You’re reading a preview. Opening the full call uses 1 concall credit.
Sign in to use your monthly call allowance.
What they filed
Q2 FY27: revenue down 118.2%, net profit down 23.4% against the same quarter last year.
| Line item | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 18 | 20 | 12 | 11 | 6 −67% | -5 −125% | -2 −117% | -2 −118% |
| EBITDA | 14,009 | 14,250 | 14,521 | 14,677 | — | — | — | — |
| Net profit | 4,029 | 4,236 | 4,451 | 4,426 | 4,043 +0% | 3,362 −21% | 4,149 −7% | 3,391 −23% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
