RattanIndia Enterprises Limited announced its audited financial results for the quarter and financial year ended March 31, 2025.
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Consolidated Financial Highlights (Year Ended March 31, 2025):
- Total Revenue from Operations: ₹6,866.35 crore
- Total Income: ₹6,876.11 crore
- Profit Before Tax: ₹161.91 crore
- Profit for the period (after tax): ₹80.72 crore
- Total Comprehensive Income: ₹81.35 crore
- Basic Earnings Per Share (EPS): ₹0.61
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Consolidated Financial Highlights (Quarter Ended March 31, 2025):
- Total Revenue from Operations: ₹1,504.56 crore
- Total Income: ₹1,509.86 crore
- Loss Before Tax: ₹(391.21) crore
- Loss for the period (after tax): ₹(358.51) crore
- Total Comprehensive Loss: ₹(357.79) crore
- Basic Earnings Per Share (EPS): ₹(2.58)
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Standalone Financial Highlights (Year Ended March 31, 2025):
- Total Revenue from Operations: ₹186.02 crore
- Total Income: ₹194.57 crore
- Profit Before Tax: ₹106.70 crore
- Profit for the period (after tax): ₹107.26 crore
- Total Comprehensive Income: ₹107.38 crore
- Basic Earnings Per Share (EPS): ₹0.78
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Standalone Financial Highlights (Quarter Ended March 31, 2025):
- Total Revenue from Operations: ₹4.90 crore
- Total Income: ₹9.45 crore
- Loss Before Tax: ₹(411.80) crore
- Loss for the period (after tax): ₹(352.92) crore
- Total Comprehensive Loss: ₹(352.80) crore
- Basic Earnings Per Share (EPS): ₹(2.58)
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Key Developments and Notes:
- The Group recognized an unrealized loss of ₹411.75 crore in the quarter ended March 31, 2025, on its investment in Rattanindia Power Limited due to market price movement. For the full year, an unrealized gain of ₹163.85 crore was recognized on this investment.
- Rattanindia Enterprises Limited now qualifies as an "Unregistered Core Investment Company" (CIC) effective from the current financial year, leading to a change in the presentation format of financial results.
- The segment information has been reassessed, and "Investments" is now presented as a separate business segment.
- The Holding Company approved the grant of 2.5 million stock options under REL ESOP 2022 at an exercise price of ₹76.20 per share. Separately, 5.5 million stock options lapsed or were cancelled due to employee resignations.
- Subsidiary Revolt Intellicorp Private Limited approved Revolt ESOP 2024, authorizing up to 921,510 stock options, with 182,400 options granted in the previous quarter.
- Subsidiary Cocoblu Retail Limited approved Cocoblu ESOP 2025, authorizing up to 1,750,500 stock options, with 321,042 options granted subsequent to the balance sheet date.
- Minority shareholders of Throttle Aerospace Systems Private Limited (a step-down subsidiary) have filed petitions before NCLT Bangalore. The Group management believes these matters do not impact the consolidated financial results and remains committed to the drone business.
- Canara Bank has filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, against the Holding Company as a Corporate Guarantor for Sinnar Thermal Power Limited. The management, based on legal advice, views the application as not maintainable and expects no material impact on financial results or operations.
- The Holding Company acquired 100% stake in Neofirst Limited (now Cocoblu Quick Commerce Limited) for ₹0.1 million on February 4, 2025.
- During the year, 8.17% of the Holding Company's equity shares held by a promoter were pledged to secure working capital facilities for subsidiaries Revolt and Cocoblu, while 4.82% of previously pledged shares were released.
- During the previous year ended March 31, 2024, Revolt Intellicorp Private Limited voluntarily refunded ₹50.02 crore in FAME incentives received till March 31, 2023, along with interest, which was presented as an exceptional item in the consolidated financial results for that year.