REC earnings calls.

REC Limited delivered its highest-ever quarterly net profit of ₹4,451 croreCurrent reported value: ₹4,451 crore. No comparable prior figure is available in the source record. in Q1 FY26, up 29Current 29 crore vs previous available quarter 15 crore.% YoY, driven by robust disbursement growth and improved asset quality. Total income reached ₹14,734 croreCurrent reported value: ₹14,734 crore. No comparable prior figure is available in the source record., growing 13Current reported value: 13. No comparable prior figure is available in the source record.% YoY, while net interest income rose 17% to ₹5,247 crore. The company achieved record quarterly disbursements of ₹59,508 croreCurrent ₹59,508 crore. Reported change: +36% YoY., up 36% YoY, with loan book reaching ₹5.85 lakh croreCurrent ₹5.85 lakh crore. Reported change: +10% YoY. (10% growth). Asset quality improved significantly with gross NPA declining to 1.05%Current 1.05%. Reported change: -180bps YoY (estimated). and net NPA to 0.24%, aided by resolution of TRN Energy (₹1,504 crore). A provision write-back of ₹620 crore was recorded due to TANGEDCO rating upgrade and LGD changes. Management targets 12% loan book growth for FY26 with NIM guidance of 3.5%-3.75%. Key risks include rising prepayment rates (₹15,000 crore in Q1 including ₹6,000 crore from NTPC/Adani), competitive pressure from IRFC on spreads, and implementation of RBI's new provisioning norms from October 2025.