RattanIndia Enterprises Q1 net profit surge 378% YoY to ₹851 crore; stock rise 14% intraday

The company’s consolidated profit-after-tax (PAT) for Q1FY25 increased nearly 378% YoY to ₹851.25 crore compared to ₹178.13 crore in Q1FY24. Rattan Enterprises’ consolidated revenue from operations increased more than 69% to ₹2,494 crore compared to ₹1,471.8 crore in the corresponding quarter of the preceding fiscal.

In the June quarter of FY25, the fintech firm turned profitable, compared to a net loss of ₹81.5 crore in March of FY24. The company’s revenue from operations for the June quarter of FY25 grew over 92% from ₹1,298.3 crore in the March quarter of FY24.

The company’s Amravati Plant achieved 92% Plant Load Factor (PLF) and 95% availability in Q1FY25. The company said that it has seen continuous improvement in PLF since the plant resumed generation in December 2020. The plant also received and unloaded record amounts of coal with coal rakes at 1,645, which aggregates to a daily average of 4.5 rakes in Q1FY25.

RattanIndia Enterprises Limited is a part of the RattanIndia Group. The company is focused on businesses such as e-commerce, electric vehicles, fintech and drones.

RattanIndia Enterprises shares have gained over 75% in the last one year and more than 11% so far in 2024. In the past six months the stock has gained nearly 1% and up to 7% in the past one month.

RattanIndia Enterprises shares were trading 1.3% higher at ₹82.27 apiece on the NSE at 12:15 pm.