RattanIndia Enterprises (534597) Q3 24/25 earnings summary

Executive summary

• Revenue from operations for 9MFY25 reached Rs 5,774 Cr, up 16% year-over-year; consolidated revenue for the nine months ended Dec 31, 2024, was Rs 51,979.35 million.

• Q3FY25 revenue was Rs 1,922 Cr, with a reported consolidated net loss of Rs 2,415.90 million, mainly due to a notional MTM loss on RattanIndia Power Ltd shares.

• Standalone results showed a net loss of Rs 2,446.84 million for the quarter.

• Featured in Fortune India's 500 largest companies, moving up 25 spots to rank 363rd in Dec 2024.

Financial highlights

• 9MFY25 revenue from operations: Rs 5,774 Cr vs Rs 4,967 Cr in 9MFY24 (16% increase).

• Q3FY25 revenue: Rs 1,922 Cr vs Rs 1,880 Cr in Q3FY24.

• Q3FY25 loss of Rs 170 Cr, mainly due to Rs 174 Cr unrealized notional loss on investments; significant unrealised loss of Rs 1,744.90 million on RattanIndia Power Limited recognized.

• Total consolidated expenses for the quarter were Rs 21,134.11 million, up from Rs 16,676.11 million YoY.

• EPS for the quarter was negative at Rs (1.75), compared to Rs 1.36 last year.

Outlook and guidance

• Targeting multifold increase in Revolt dealerships by Mar'26, with potential to add 5x more dealerships.

• Ambition to continue growing at a similar pace as demonstrated in previous periods.

• Focused on technology-driven businesses, including retail e-commerce, electric vehicles, fintech, and drones.

• Management is committed to growing the Unmanned Aerial Vehicle (Drone) business despite ongoing legal disputes.