Audited financial results for the quarter and year ended on March 31, 2026
RTNPOWER · price
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RattanIndia Power Limited reported consolidated revenue of Rs. 2,991.36 crore for FY26, down from Rs. 3,283.83 crore in FY25, representing an 8.9% revenue decline. Profit after tax dropped significantly to Rs. 52.44 crore from Rs. 221.92 crore in the previous year, a decline of about 76%. The company continues to carry negative other equity of Rs. 732.40 crore, indicating accumulated losses. Cash and cash equivalents declined sharply from Rs. 177.83 crore to Rs. 10.25 crore, while current borrowings increased from Rs. 277.30 crore to Rs. 909.03 crore. Finance costs remain high at Rs. 461.43 crore for the year. The auditors included an Emphasis of Matter regarding Rs. 250 crore Redeemable Preference Shares that were due for redemption in December 2021 but could not be redeemed due to legal restrictions, with a related IBC appeal pending at NCLAT.
The company is facing significant financial stress with steep profit decline, negative equity, very low cash reserves, and increased short-term debt. The negative equity position raises concerns about the company's ability to absorb further losses.