RattanIndia Enterprises (534597) Q4 23/24 earnings summary

Executive summary

• FY24 consolidated total income rose 50% to ₹61,916.94 million; PAT turned around to ₹4,244.54 million from a ₹2,861.43 million loss in FY23.

• Results included a ₹5,638.99 million unrealised fair-value gain on RattanIndia Power shares and a ₹500.24 million exceptional FAME II refund expense.

• E-commerce drove scale, while electric vehicles and drones advanced operations; consolidated segment results showed a profit in e-commerce and losses in EVs and other businesses.

Financial highlights

• Consolidated revenue from operations was ₹56,096.35 million versus ₹41,237.90 million in FY23; total expenses were ₹56,891.65 million versus ₹43,989.29 million.

• Consolidated PBT was ₹4,525.05 million; PAT was ₹4,244.54 million, versus a FY23 loss of ₹2,861.43 million. Basic and diluted EPS were ₹3.09 versus losses of ₹2.06.

• Standalone revenue from operations was ₹64.21 million; standalone PAT was ₹5,108.83 million versus a loss of ₹2,800.74 million, including the ₹5,638.99 million unrealised investment gain.

• Consolidated operating cash flow was an outflow of ₹367.58 million, improving from an outflow of ₹6,783.48 million in FY23; financing cash flow was an inflow of ₹969.93 million.

Outlook and guidance

• Strategic priorities include planned capability investments, e-commerce selection and vendor growth, expansion of proprietary brands, and pilot market entry in the UAE and US.

• Revolt plans further dealership and service-centre expansion, with potential to add up to five times more dealerships; product, technology and marketing investment remain priorities.

• Management cited innovation, deeper market penetration and prudent financial management as central to long-term growth across e-commerce, EVs, fintech and drones.