Company Overview
RTS Power Corporation Limited reported significant financial deterioration in FY26 with standalone net profit declining 58% YoY to ₹357.62 lakhs and revenue falling 37% to ₹7169.47 lakhs. The company will hold its 78th Annual General Meeting on September 21, 2026, entirely via video conference.
Financial Performance
Profit & Loss: Standalone revenue declined to ₹71.69 crore (FY25: ₹113.93 crore) while PAT was ₹3.58 crore (FY25: ₹4.47 crore). Subsidiary Reengus Wires reported ₹92.69 crore revenue with ₹0.83 crore loss. Earnings per share stood at ₹3.90 compared to ₹4.87 in FY25.
Balance Sheet: Total assets were ₹219.15 crore with property, plant & equipment at ₹81.65 crore. Borrowings increased 43% to ₹200.13 lakhs while total equity stood at ₹156.67 crore. Cash position improved to ₹219.81 lakhs from ₹15.34 lakhs.
Financial Ratios: Key ratios deteriorated with current ratio at 1.82 (FY25: 1.91), debt-equity ratio increasing to 0.13 (FY25: 0.09), and return on equity declining to 2.31% (FY25: 2.96%). Inventory turnover fell to 2.54 times from 3.86 times.
AGM Details & Corporate Actions
The 78th AGM agenda includes adoption of FY26 financial statements, re-appointment of Abhay Bhutoria as director, and appointment of Arun Pareek as independent director for five years. No dividend declared for FY26, with entire profit retained for expansion. E-voting will be conducted through CDSL platform from September 18-20, 2026.
Key Disclosures & Compliance
Related Party Transactions: Significant transactions included ₹360.30 lakhs in purchases from subsidiary Reengus Wires and ₹113.03 lakhs in outstanding loans to related parties. Remuneration to key management personnel totaled ₹106.10 lakhs.
CSR & Contingencies: The company spent ₹16.35 lakhs on CSR through Seth Gangaram Bhutoria Janakalyan Trust. Contingent liabilities remained at ₹159.14 lakhs for VAT, sales tax, and income tax matters.
Regulatory Compliance: The company complied with SEBI Listing Regulations and Companies Act requirements, maintaining proper corporate governance structure with 6 directors (2 independent, 1 woman director). Credit rating reaffirmed as BB+ (stable) and A4+ by Infomerics Valuation.
Segment Performance & Subsidiary Update
Electrical Goods-Transformers segment contributed ₹709.22 lakhs revenue with ₹92.54 lakhs segment result, while Wind Energy generated ₹77.31 lakhs revenue with ₹38.54 lakhs result. The material subsidiary Reengus Wires reported increased revenue but continued losses with Ind AS adjustment for debenture interest of ₹336 lakhs.