RattanIndia Enterprises (534597) Q4 18/19 earnings summary

Executive summary

• FY 2018-19 standalone net loss narrowed to ₹80.48 lakh from ₹189.71 lakh; consolidated net loss widened to ₹1,30,820.19 lakh from ₹66,319.34 lakh, mainly reflecting the associate’s ₹1,30,739.71 lakh share of loss.

• Operations centered on power consultancy/advisory opportunities; the major investment was a 40.13% associate interest in RattanIndia Power Limited.

Financial highlights

• Standalone revenue from operations was nil; other income was ₹49.25 lakh versus ₹4.19 lakh in FY 2017-18.

• Standalone expenses fell to ₹129.73 lakh from ₹193.90 lakh; net loss improved to ₹80.48 lakh from ₹189.71 lakh.

• Consolidated net loss increased to ₹1,30,820.19 lakh from ₹66,319.34 lakh; total comprehensive loss was ₹1,30,806.35 lakh.

• Operating cash flow was ₹1,449.69 lakh, while cash and cash equivalents closed at ₹1.39 lakh versus ₹7.47 lakh a year earlier.

Outlook and guidance

• Consultancy opportunities in power generation, transmission and distribution were being explored; strategy emphasized expanding the client base, geographic reach and advisory services.

• Management cited Indian FY 2018-19 growth projections of 7.2%-7.5% and expected growth above 7% in the following year, alongside a gradual investment revival.