RattanIndia Enterprises (534597) Q4 14/15 earnings summary

Executive summary

• FY15 profit after tax was ₹5.96m, compared with ₹3.85m in FY14; income was primarily non-operational, and the main investment was a 40.13% stake in RattanIndia Power Limited.

• Focus remained on exploring power consultancy opportunities across generation, transmission and distribution, alongside progress on RattanIndia Power Limited’s Maharashtra projects.

Financial highlights

• Other income and total revenue were ₹40.02m in FY15 versus ₹30.04m in FY14; employee benefits expense was ₹24.67m and other expenses ₹10.53m.

• Profit before tax was ₹4.79m, down from ₹8.16m in FY14; profit after tax was ₹5.96m, up from ₹3.85m.

• Other income included ₹21.79m interest on intercorporate deposits, ₹10.05m mutual fund dividends and ₹7.60m profit on sale of investments.

• Cash and cash equivalents closed at ₹595.76m, versus ₹0.92m a year earlier; investing activities generated ₹500.08m net cash and operating activities used ₹33.64m.

Outlook and guidance

• FY16 outlook cited investment-led growth, infrastructure allocations and potential further interest-rate cuts, while emphasizing continued reforms and removal of stalled-project bottlenecks.

• Consultancy opportunities in power generation, transmission and distribution remained a strategic focus; plans included expanding the client base, geographic reach and tailored advisory services.