REC Q2 FY27: 10% to 12% loan growth targeted, margins under pressure

Management guided margin pressureOrder pipeline disclosedMulti-year targets disclosedInvestor Communications View source PDF Explain this filing

RECLTD · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+3.7%Reaction day

₹285.75

prior close

₹290.00

announcement price

After-mkt

timing

Nifty Midcap 150market+1.9%+1.8% vs market

Financial Institution peers, median of 7sector+2.8%+0.9% vs sector

On the reaction day the stock moved 1.8 pts more than Nifty Midcap 150 and 0.9 pts more than its Financial Institution peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.6

10m

+0.9

15m

+1.0

30m

+1.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+3.7+1.9+1.8+2.8+0.9

Next day

+3.8pendingpending+3.3+0.5

—————

15d

—————

UpDownMarket · Nifty Midcap 150Sector · Financial Institution peers, median of 7Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

REC's H1 FY27 loan book rose 6% to INR6.17 lakh crore; net profit was INR7,541 crore and the net bad-loan ratio fell to 0.11%. Management targets 10% to 12% FY27 loan growth, has INR2.5 lakh crore of committed lending and aims for a INR2.5 lakh crore generation book by 2032. Competition and higher funding costs are expected to pressure margins; the PFC merger awaits Cabinet approval.

Likely market impact

Strong growth, lower bad assets and a large lending pipeline support the stock, though margin pressure and merger uncertainty remain key risks.