RattanIndia Enterprises (534597) Q1 24/25 earnings summary

Executive summary

• Achieved Fortune India 500 status, ranked #388, reflecting rapid growth and technology-driven differentiation.

• Q1FY25 consolidated revenue rose to ₹24,940.35 million from ₹14,717.83 million in Q1FY24; net profit surged to ₹8,512.47 million from ₹1,781.31 million.

• Standalone net profit for Q1FY25 was ₹8,630.93 million, up from ₹1,898.20 million in Q1FY24.

• Focused on new-age, ESG-compliant, low-capex, scalable businesses in e-commerce, EVs, drones, and fintech.

Financial highlights

• Q1FY25 revenue: ₹24,940.35 million vs ₹14,717.83 million in Q1FY24 (70% YoY growth).

• Q1FY25 PAT: ₹8,512.47 million vs ₹1,781.31 million in Q1FY24 (378% YoY growth).

• Unrealised gain of ₹10,182.03 million recognized on investment in RattanIndia Power Limited.

• Cocoblu FY24 revenue: ₹5,506 Cr, up 35% YoY; EBITDA ₹149 Cr, up 60% YoY.

• Amravati Power Q1FY25 income: ₹1,026 Cr vs ₹942 Cr in Q1FY24.

Outlook and guidance

• Targeting multifold increase in EV dealerships by Mar'25 to capture growing demand.

• Ambition to sustain high growth rates in e-commerce and digital-first brands.

• Fintech and drone businesses positioned to capitalize on rapid market expansion.

• Management remains committed to growth in the Unmanned Aerial Vehicle (Drone) business despite ongoing legal matters.