RattanIndia Power Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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RattanIndia Power Limited reported a revenue decline for FY2026, with consolidated revenue from operations falling to Rs 2,991.36 crore from Rs 3,283.83 crore in FY2025, a drop of about 9%. Consolidated profit before tax plummeted to Rs 52.44 crore from Rs 221.92 crore in the prior year, a steep 76% decline. The company continues to face a negative other equity position of Rs 732.40 crore on a consolidated basis and Rs 527.85 crore on a standalone basis. Key legal disputes remain unresolved, including an ongoing BHEL arbitration with a Rs 115 crore interim award already passed against the company, and an appeal pending before NCLAT regarding Rs 250 crore of unredeemed Redeemable Preference Shares. Cash and cash equivalents fell sharply from Rs 177.83 crore to Rs 10.25 crore during the year. The auditors issued an unmodified opinion but included an Emphasis of Matter on the RPS/IBC matter.
The sharp profit decline, persistent negative equity, and unresolved legal disputes involving Rs 250 crore in preference shares and Rs 115 crore in arbitration awards create significant risk for shareholders. The company remains in a financially stressed position despite regular operations.