REC reported Q2 FY26 revenue of ₹15,153 crore, up 10.7% year-on-year, supported by robust disbursements to power, renewables, and transport infrastructure. Higher interest income and disciplined asset quality underpinned earnings momentum, while management cited a strong pipeline in energy-transition projects. Borrowing costs remained contained amid diversified funding sources. Analysts see visibility on FY26 growth as government capex and private renewables accelerate. Focus areas include transmission upgrades, green energy corridors, and state utility refinancing to manage system losses and improve liquidity.