RattanIndia Enterprises (534597) Q2 25/26 earnings summary

Executive summary

• Achieved Fortune India 500 ranking, moving up 25 spots to 363rd place, reflecting strong business momentum and recognition among India's largest companies.

• Consolidated revenue from operations for Q2 FY26 was ₹21,239 million, up from ₹18,006 million in Q2 FY25, with a half-year total of ₹39,796 million versus ₹32,687 million year-over-year.

• The group operates in retail e-commerce, electric vehicles (EV), fintech, drones, and other technology-focused businesses.

• The Board approved the unaudited results on November 11, 2025, and the financials have been reviewed by statutory auditors.

• H1 FY26 PAT at Rs. 106 Cr, but Q2 FY26 saw a loss of Rs. 397 Cr due to an unrealized notional loss of Rs. 458 Cr on MTM movement in RPL investment.

Financial highlights

• H1 FY26 revenue from operations: Rs. 3,827 Cr vs Rs. 3,276 Cr H1 PY (17% increase); Q2 FY26: Rs. 2,124 Cr vs. Rs. 1,801 Cr Q2 PY (18% increase).

• Q2 FY26 consolidated net loss was ₹3,965 million, compared to a net loss of ₹2,415 million in Q2 FY25; H1 FY26 net profit was ₹1,061 million, down from ₹6,097 million in H1 FY25.

• Significant unrealised loss of ₹4,575 million in Q2 FY26 on investment in RattanIndia Power Limited due to market price movement.

• Cocoblu H1 FY26 revenue: Rs. 3,735 Cr vs Rs. 3,204 Cr H1 FY25 (17% growth); Q2 FY26: Rs. 2,072 Cr vs Rs. 1,764 Cr Q2 FY25 (17% growth).

• Power business EBITDA for H1 FY26: Rs. 337 Cr; Amravati plant achieved 79% PLF and 85% availability.

Outlook and guidance

• Aggressive expansion planned for pan-India dealer network, with potential to add five times more dealerships.

• Plans to enter new geographies and expand global footprint, with exports already to Sri Lanka and Nepal.

• Management remains committed to growth in technology-driven sectors, including e-commerce, EVs, and drones.

• Focus on capitalizing on India's digital economy and new-age tech businesses.

• No material impact is expected from ongoing legal matters on the group’s financials or operations.