1. Opening Hook
While the rest of the NBFC world fights over fintech crumbs, REC walks in with a ₹8,877 crore half-year profit — and not a hair out of place. It’s like watching a monk count money in a monastery — serene, methodical, unstoppable. The company’s CMD sounds more like a macroeconomist than a bureaucrat, forecasting ₹10 lakh crore loan book by 2030 with the calm of someone holding a government guarantee in one hand and a dividend cheque in the other.
As the Bhagavad Gita says: “He who does his duty without attachment attains the Supreme.” REC seems to be doing just that — funding half the nation’s electrons without breaking a sweat.
Read on — the numbers get electric ⚡.
2. At a Glance
- Total Income ₹29,828 Cr (+12%) – Money flows like current through copper wires.
- PAT ₹8,877 Cr (+19%) – Profits so large, they deserve a transformer.
- Loan Book ₹5.82 Lakh Cr (+7%) – Because apparently, everyone needs power.
- Gross NPA 1.06%, Net 0.24% – Cleaner than your conscience after Diwali puja.
- Disbursements ₹1.15 Lakh Cr (+27%) – “Highest ever” — they said it thrice.
- Dividend ₹9.2/share (Half-Year) – Shareholders now glowing brighter than streetlights.
3. Management’s Key Commentary
CMD Jitendra Srivastava: “Our Stage-2 assets reduced by 52%, thanks to Kaleshwaram repayment.”
(Translation: We didn’t lose money — they actually paid us back. Miracles happen! 😏)
Harsh Baweja (CFO): “Cost of funds up slightly due to risk mitigation on foreign borrowings.”
(Translation: We paid extra for insurance — RBI can sleep peacefully.)
Srivastava: “By 2030, we’ll have ₹10 lakh crore loan book; 30% from renewables.”
(Translation: We’re going green, but
