Rec Limited · NSE:RECLTD
Rec — Q1 FY2027 Earnings Presentation
30 slides from Rec's earnings presentation, Aug 5, 2026
Slide 1: Investor Presentation: Performance Highlights Q1 FY 2026-27
REC Limited A Maharatna Company INVESTOR PRESENTATION Performance Highlights Q1 FY 2026-27 1
Slide 2: Table of Contents
Table of Contents Asset 01 04 REC Overview Quality Shareholders 02 Financial Highlights 05 Outlook Operational 03 Performance 06 ESG 2
Slide 3: REC Overview
7 angat ud REC sea sai, orem ae Enis energy. infinite possiblities. A MAHARATNA COMPANY REC OVERVIEW
Slide 4: REC Journey
REC Journey Appointed as National programme 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 Robust Asset Nodal Agency Highest Quality with for major Govt. Domestic healthy Provision of India’s Rating of Coverage Ratio Power Sector “AAA” Programs Major player in Strategic Leader International Renewable Energy in India’s Power, Ratings of “Baa3” & segment and Infrastructure, “B
Slide 6: Government's Trusted Arm
Government’s Trusted Arm Revamped Distribution Rooftop Solar (RTS) Programme India Energy Stack (IES) Sector Scheme (RDSS) Other Schemes: Consumer Services Pradhan Mantri Sahaj Deen Dayal Upadhyaya Late Payment National Electricity Ratings of Discoms Bijli Har Ghar Yojana Gram Jyoti Yojana Surcharge
Slide 7: Diversified Portfolio
Diversified Portfolio Conventional Renewable Generation Energy Transmission REC Infrastructure Distribution Logistics 7
Slide 8: Awards and Accolades in FY26
Awards and Accolades in FY26 AI & GenAI India’s Most Global CSR 'NBFC of the Adoption Influential CFO Excellence and Year’ Excellence Award 2026 at 3rd Annual Leadership at 2nd Bharat PSU award Awards Bharat NBFC & Manthan & at the National FinTech Summit under the ‘Best Excellence Awards Leadership
Slide 9: Financial Highlights
Endless energy. infinite possible, A MAHARATNA COMPANY FINANCIAL HIGHLIGHTS
Slide 10: Key Financial Highlights for Q1FY27 vs Q4FY26
Key Financial Highlights for Q1FY27 vs Q4FY26 Net Profit Total Net Income Interest Income ₹4,149 crore vs ₹14,331 crore vs ₹ 5,212 crore vs ₹3,362 crore ₹14,406 crore ₹4,961 crore Loan Book Net Credit Net Worth Impaired Assets ₹5.90 lakh crore vs ₹91,836 crore vs ₹5.84 lakh crore 0.11% vs 0.12% ₹84,
Slide 11: Revenue & Profits
Revenue & Profits (₹ in crore) Particulars Q1 FY27 Q4 FY26 Interest Income on Loan assets (including DIPI) 13,967 13,895 Less: Finance Costs (including fee & comm) 8,755 8,934 Net Interest Income 5,212 4,961 Profit Before Tax 5,209 4,397 Tax 1,060 1,035 Profit After Tax 4,149 3,362 11
Slide 12: Key Ratios
Key Ratios Particulars Q1 FY27 12M FY26 Yield on Loan Assets (%) 9.55 9.96 Cost of Funds (%) 7.02 7.34 Interest Spread (%) 2.53 2.62 Net Interest Margin (%) 3.34 3.43 Return on Net Worth (%) 18.85 20.11 Interest Coverage Ratio (Times) 1.59 1.57 Debt Equity Ratio (Times) 5.52 6.00 12
Slide 13: Operational Performance
03 OPERATIONAL PERFORMANCE 13
Slide 14: Disbursements – Composition
Disbursements – Composition (₹ in crore) Q1 Q4 12M Sector FY 27 FY 26 FY 26 Conv. Others 2% Generation Conventional Generation 6,977 7,981 25,653 21% Renewable Energy 5,963 9,374 28,896 Transmission 1,755 1,967 9,076 Distribution (excluding RBPF) 6,092 12,384 67,258 Transmissi Renewable on 5% Energy
Slide 15: Outstanding Loan Assets
Outstanding Loan Assets Private Sector 16% (₹ in crore) Government Sector 84% As on Discipline-wise June 30, 2026 March 31, 2026 Conventional Amount % Amount % Generation 25% State 4,96,946 84 4,94,596 85 Private 93,054 16 89,063 15 Distribution 38% Renewables 13% Total 5,90,000 100 5,83,659 100 Dis
Slide 16: Outstanding Borrowings
Outstanding Borrowings (₹ in crore) Particulars June 30, 2026 March 31, 2026 Loan from Banks, Others (A) Domestic FIs, NSSF, etc. 1% 17% Bonds 2,79,103 2,76,613 Loans from Banks, FIs, NSSF, etc. 83,881 79,775 Commercial Papers 2,450 3,000 Borrowing Bonds Profile 55% Sub Total (A) 3,65,434 3,59,388 (
Slide 17: Asset Quality
AMAHARATNA COMPANY 17
Slide 18: Asset Quality and provisioning coverage
Asset Quality and provisioning coverage Continuously Improving Asset Quality Provision Coverage Ratio~51% 5.00% 4.84% 4.45% 4.00% 3.42% 3.00% 2.71% 2.00% 1.71% 1.45% 1.35% 1.01% 0.86% 1.00% 0.38% 0.23% 0.24% 0.11% 0.00% 0.12% Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Jun-26 Gross Credit-impaired Ass
Slide 19: Loan Portfolio and ECL Provisioning
Loan Portfolio and ECL Provisioning (as on June 30, 2026) (₹ in crore) Outstanding Loan Assets Stage I Stage II Stage III Total State Sector 4,85,990 10,956 - 4,96,946 Private Sector 90,275 1,396 1,383 93,054 Total Outstanding 5,76,265 12,352 1,383 5,90,000 % of Total Loan Assets 97.68% 2.09% 0.23%
Slide 20: Credit Impaired Assets – Resolution Status
Credit Impaired Assets – Resolution Status 2 projects worth ₹1,380 crore in Under NCLT NCLT Resolution status 51% provision of Credit Impaired Assets 1 project worth ₹3 crore Outside NCLT outside NCLT 77% provision 20
Slide 21: Shareholders Outlook
05 04 SHAREHOLDERS OUTLOOK 21
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% 125% 114.75% 100% 95.33% 82.50% Interim Dividend 75% recommended for Q1FY27 of ₹4.25 per 50% share FY20 FY21 FY22 FY23 FY24 FY25 FY26 Dividend adjusted for Bonus in the
Slide 23: Shareholders Outlook
Shareholders Outlook Earnings per Promoter – Foreign MFs/ AIFs/ Share (EPS) - PFC Limited Institutions VCFs/ PFs 52.63% 15.76% 8.54% ₹63.04 Banks/ FIs/ Govt/ Non- Book Value per Insurance Govt PSUs Institutional Share (BVPS) - Cos 8.44% 0.06% 14.57% ₹348.76 23
Slide 24: ESG at REC
at calrec site sa, Endless energy. infinite possible, AMAHARATNA COMPANY ESG AT REC 24
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 >2x in 5 Years ₹78,596 Crore as on 30.06.26 ₹ In Crore 90,000 Others 3% E-mobility 2% 78,596 80,000 Wind 14% 75,347 70,000 Hybrid 13% 60,000 57,994 Hydro 14% 50,000 Solar 39% 38,971 40,000 27,095 PSP 15% 30,000
Slide 27: REC's ESG Rating
REC’s ESG Rating 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 (61-70) || Leadershi
Slide 28: 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 29: Disclaimer
DISCLAIMER • 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 on the basis of the information contained in the presentation is the responsibility of investors and REC or its directors or employ
Slide 30: ie sna io posts.
at * pe ie sna io posts. AMAHARATNA COMPANY (FXOXXTin) @RECLindia | ® www-.recindia.nic.in