IGI Logo

Disbursement momentum strong; renewable energy continues to do well

* Disbursements grew ~18% YoY, amounting to INR547b in 3QFY25. For 9MFY25, disbursements grew 19% YoY to INR1.45t

* Disbursements in the renewable sector rose 58% YoY, amounting to INR63b in 3QFY25. For 9MFY25, disbursements jumped 79% YoY to INR176b.

* Renewable energy disbursements contributed ~11.5% of the total disbursements in 3QFY25 (PQ: 12.6% and PY: 8.6%).

* View: REC trades at 1.3x FY27E P/BV, and we believe that the risk-reward is attractive considering strong visibility on loan growth, earnings growth, and healthy return ratios.

For More Research Reports : Click Here 

For More Motilal Oswal Securities Ltd Disclaimer
http://www.motilaloswal.com/MOSLdisclaimer/disclaimer.html
SEBI Registration number is INH000000412