Slide 1: Investor Presentation: Performance Highlights FY 2025-26
REC Limited A Maharatna Company INVESTOR PRESENTATION Performance Highlights FY 2025-26
Slide 2: Table of Contents
Table of Contents 01 Financial Highlights 03 Asset Quality 05 ESG Shareholders 06 Operational 02 04 REC Outlook Overview Performance
Slide 3: REC Overview
01 REC OVERVIEW
Slide 4: REC Journey
Appointed as National programme REC Journey implementing agency for PM Surya Ghar Muft Bijli Yojana. Appointed as Nodal Agency for RDSS 2024 Appointed as Nodal Agency for SAUBHAGYA 2021 Conferred IFC Mandate status by RBI 2017 broadened to financing all power segments 2010 Journey began to develop p
Slide 5: Key Strengths
Key Strengths Healthy Asset Nodal Agency Highest Quality with for major Govt. Domestic adequate of India’s Rating of Provision Power Sector “AAA” Coverage Ratio Programs Strategic player Major player in International in the Indian Renewable Energy Ratings of “Baa3” & Power and segment and “BBB-” at
Slide 6: Government's Trusted Arm
Government’s Trusted Arm Rooftop Indian Energy Stack (IES) Revamped Distribution Solar (RTS) Sector Scheme Programme (RDSS) Consumer Pradhan Mantri Deen Dayal Other Late Payment Services Ratings National Sahaj Bijli Har Upadhyaya Gram Surcharge (LPS) of Discoms Electricity Fund Schemes Ghar Yojana J
Slide 7: Diversified Portfolio
Diversified Portfolio Conventional Renewable Generation Energy Transmission Infrastructure REC Distribution Logistics
Slide 8: Awards and Accolades in FY26
Awards and Accolades in FY26 Best Infra Global CSR Best Financial Projects with India’s Most Excellence and Services Green Financing: Influential CFO Leadership Company Mumbai Metro 2026 award Awards by Dun & by ET Infra at the National under the ‘Best CSR Bradstreet Leadership Leadership Summit Pro
Slide 9: Financial Highlights
Endless ssi, A MAHARATNA COMPANY
Slide 10: Key Financial Highlights for FY26 vs FY25
Key Financial Highlights for FY26 vs FY25 Annual Profit Total Net Income Interest Income ₹16,282 crore vs ₹59,187 crore vs ₹ 20,750 crore vs ₹15,713 crore ₹55,980 crore ₹20,172 crore Loan Book Net Credit Net Worth Impaired Assets ₹5.84 lakh crore vs ₹84,290 crore vs ₹5.67 lakh crore 0.12% vs 0.38% ₹
Slide 11: Revenue & Profits
Revenue & Profits (₹ in crore) Particulars 12MFY26 12M FY25 Interest Income on Loan assets (including DIPI) 57,007 54,321 Less: Finance Costs (including fee & comm) 36,257 34,149 Net Interest Income 20,750 20,172 Profit After Tax 16,282 15,713
Slide 12: Key Ratios
Key Ratios Particulars 12M FY26 12M FY25 Yield on Loan Assets (%) 9.96 10.05 Cost of Funds (%) 7.34 7.11 Interest Spread (%) 2.62 2.94 Net Interest Margin (%) 3.43 3.63 Return on Net Worth (%) 20.11 21.46 Interest Coverage Ratio (Times) 1.57 1.58 Debt Equity Ratio (Times) 6.00 6.29
Slide 13: Operational Performance
03 OPERATIONAL PERFORMANCE
Slide 14: Disbursements – Composition
Disbursements – Composition Highest Ever annual 28% YoY growth in Disbursement Disbursements excluding RBPF (₹ in crore) Q4 12M Sector FY 26 FY 25 FY 26 FY 25 Conventional Generation 7,981 7,484 25,653 27,478 Renewable Energy 9,374 8,575 28,896 26,186 Transmission 1,967 1,637 9,076 6,064 Distributio
Slide 15: Outstanding Loan Assets
Outstanding Loan Assets (₹ in crore) As on Discipline-wise March 31, 2026 March 31, 2025 Renewable Loan Assets Amount % Amount % Increased significantly by State 4,94,596 85 4,94,578 87 30% YoY Private 89,063 15 72,305 13 Total 5,83,659 100 5,66,883 100 Conventional Generation 1,46,100 25 1,55,071 2
Slide 16: Outstanding Borrowings
Outstanding Borrowings Largest issuer of 54EC Bonds (₹ in crore) Particulars March 31, 2026 March 31, 2025 (A) Domestic Bonds Bonds 2,76,613 2,65,670 55% Loans from Banks, FIs, NSSF, etc. 79,775 56,550 Commercial Papers 3,000 - Borrowing Loans from Banks, FIs, Sub Total (A) 3,59,388 3,22,220 Profile
Slide 17: Asset Quality
ASSET QUALITY 8 = " ey
Slide 18: Asset Quality and provisioning coverage
Asset Quality and provisioning coverage Continuously Improving Asset Quality Provision Coverage Ratio~51% 8.00% 7.24% 7.00% 6.59% 6.00% 4.84% 5.00% 4.45% 4.00% 3.79% 3.32% 3.42% 3.00% 2.71% 1.71% 2.00% 1.45% 1.35% 1.01% 0.86% 1.00% 0.24% 0.38% 0.00% 0.12% Mar-19 Mar-20 Mar-21 Mar-22 Mar-22 Mar-23 Ma
Slide 19: Loan Portfolio and ECL Provisioning
Loan Portfolio and ECL Provisioning (as on Mar 31, 2026) (₹ in crore) Outstanding Loan Assets Stage I Stage II Stage III Total State Sector 4,84,286 10,310 - 4,94,596 Private Sector 86,677 1,001 1,385 89,063 Total Outstanding 5,70,963 11,311 1,385 5,83,659 % of Total Loan Assets 97.82% 1.94% 0.24% 1
Slide 20: Credit Impaired Assets – Resolution Status
Credit Impaired Assets – Resolution Status 9 stressed assets having outstanding loan of ₹6,264 crore are resolved during during FY 26 2 projects worth ₹1381 crore in Under NCLT NCLT Resolution status 51% provision of Credit Impaired Assets 1 project worth ₹4 crore Outside NCLT outside NCLT 54% provi
Slide 21: Shareholders Outlook
05 SHAREHOLDERS OUTLOOK
Slide 22: Dividend History
Dividend History Dividend Payout History Consistently High 200% Dividend paying 180.00% 185.50% company 175% 160.00% 150% 126.00% Final dividend for FY26 125% of ₹1.55 114.75% (15.50%) per share 95.33% 100% 82.50% 82.50% 75% Total dividend for 50% FY26 of ₹18.55 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY
Slide 23: Shareholders Outlook
Shareholders Outlook Earnings per Promoter – Foreign MFs/ AIFs/ Share (EPS) - PFC Limited Institutions VCFs/ PFs 52.63% 15.79% 10.64% ₹61.71 for FY26 Banks/ FIs/ Govt/ Non- Book Value per Insurance Govt PSUs Institutional Share (BVPS) - Cos 5.72% 0.05% 15.17% ₹320.11 for FY26
Slide 24: ESG at REC
angat ua REC A MAHARATNA COMPANY
Slide 25: ESG at REC Limited
ESG at REC Limited ESG Gap REC ESG Policy Assessment ESG Green Power for GHG emission REC Net Zero Plan operations Incentivization Formalized ESG assessment across implementation by REC committed to Net 100% Green Power Commencement of REC adopting board approved Zero in Scope 1 & 2 for REC Corporat
Slide 26: REC's Contribution for Clean Energy Projects
REC’s Contribution for Clean Energy Projects Renewable Loan Book Renewable Loan Book Grew >4x in 5 Years ₹75,347 Crore as on 31.03.26 ₹ In Crore 90,000 Others 1% 75,347 E-mobility 2% 80,000 PSP 14% 57,994 Wind 13% 70,000 60,000 Hydro 15% 38,971 Solar 43% 50,000 27,095 Hybrid 12% 40,000 18,824 30,000
Slide 27: ESG at REC Limited: REC's ESG Rating
ESG at REC REC’s ESG Rating Limited Market ESG Score Achieved Rating Agency ESG Grading Scale Focus Score Performance Level Leadership NSE Domestic 80 Top amongst 505 Indian 0 -100 || 100 being maximum Cos Domestic Weak (0-40) || Below average (41-50) || CRISIL 64 Strong Adequate (51-60) || Strong (
Slide 28: Highlights of ESG Performance
Highlights of ESG Performance Environmental Social Governance ~66 GW Total RE Capacity Zero Complaints on Human Rights & 100% Training on NGRBC and ESG to Sanctioned by REC – POSH BoD & KMP emission abating capability of 3.1 billion mature tress in 18,155 Training man days to Borrowers a year Zero I
Slide 29: Contact Information
Contact Information Join us: @reclindia https://recindia.nic.in/ Investor Relations/ 54EC & Other Equity Share Queries: Bond Queries : complianceofficer@recindia.com investorcell@recl.in Annual Report: Investor Announcements: Recent reports relevant to power sector : https://recindia.nic.in/annual-r
Slide 30: Disclaimer
ESG at REC DISCLAIMER Limited • This presentation is for information purpose only and does not constitute an offer or recommendation to buy or sell any securities of REC. Any action taken by you on the basis of the information contained in the presentation is your responsibility alone and REC or its
Slide 31: angat
angat ad R EC ‘A MAHARATNA COMPANY C6U,~_ (€)@) x) in) @RECLindia | & www.recindia.nic.in