RattanIndia Power Q2 FY27 Net Profit ₹38.37 Crore

Revenue from operations: ₹702.85 crore (Q2 FY26: ₹653.72 crore)
Other income: ₹84.88 crore (Q2 FY26: ₹89.69 crore)
Total income: ₹787.73 crore (Q2 FY26: ₹743.41 crore)
Total expenses: ₹749.36 crore (Q2 FY26: ₹774.96 crore)
Profit before tax: ₹38.37 crore (Q2 FY26: loss of ₹31.55 crore)
Tax expenses: Nil
Profit for the period: ₹38.37 crore (Q2 FY26: loss of ₹31.55 crore)
Other comprehensive income: -₹0.20 crore (Q2 FY26: ₹0.41 crore)
Total comprehensive income: ₹38.17 crore (Q2 FY26: loss of ₹31.14 crore)
Basic EPS: ₹0.07 (Q2 FY26: -₹0.06)
Diluted EPS: ₹0.07 (Q2 FY26: -₹0.06)

Revenue from operations: ₹1,501.40 crore (H1 FY26: ₹1,475.68 crore)
Other income: ₹152.76 crore (H1 FY26: ₹188.62 crore)
Total income: ₹1,654.16 crore (H1 FY26: ₹1,664.30 crore)
Profit before tax: ₹84.22 crore (H1 FY26: loss of ₹44.66 crore)
Profit for the period: ₹84.22 crore (H1 FY26: loss of ₹44.66 crore)
Total comprehensive income: ₹84.02 crore (H1 FY26: loss of ₹44.25 crore)
Basic EPS: ₹0.16 (H1 FY26: -₹0.08)
Diluted EPS: ₹0.16 (H1 FY26: -₹0.08)

Paid-up equity share capital: ₹5,370.11 crore (unchanged)
Other equity: -₹648.38 crore (Mar 31, 2026: -₹732.40 crore)
Total assets: ₹9,654.14 crore (Mar 31, 2026: ₹9,612.93 crore)
Total borrowings: ₹3,663.01 crore (Mar 31, 2026: ₹3,637.42 crore)
Cash and cash equivalents: ₹129.29 crore (Mar 31, 2026: ₹10.25 crore)

Company issued RPS aggregating ₹250 crore to lenders in December 2019
RPS became due for redemption on December 27, 2021 but not redeemed due to limitations under section 55(2) of Companies Act
Ongoing discussions with RPS holders for settlement options
One RPS holder (holding ₹28.72 crore) filed application under Section 7 of IBC against company and subsidiary PPDL
NCLT disposed of application in company's favor (September 17, 2025 for company, November 7, 2025 for PPDL)
Appeal pending before NCLAT against PPDL dismissal
Management believes application against PPDL not maintainable, expects no material impact

Arbitration award pronounced on October 1, 2026: ₹171 crore plus interest awarded to BHEL
Company evaluating award details, considering legal remedies including challenge in High Court
Separate interim award of ₹115 crore passed on July 27, 2017
Company's petition against interim award dismissed by Delhi High Court Single Bench (March 6, 2025)
Appeal filed before Division Bench of Delhi High Court (April 5, 2025) pending disposal
Certain assets attached per Delhi High Court order (August 8, 2023) subject to prior charges
Management believes strong position, no additional liability expected beyond recorded amounts

Company recomputed Change in Law claims as per Supreme Court and regulatory orders
Raised supplementary invoice on MSEDCL as directed by MERC
Supreme Court interim order (February 14, 2022) directed MSEDCL to pay 50% of outstanding claim
Supreme Court dismissed MSEDCL's civil appeal on March 27, 2023
MSEDCL has paid ₹876.84 crore to date, balance payment in process
Management expects realization of recorded compensation amounts with interest

Company filed writ petition in Delhi High Court regarding return of bank guarantees issued to WCL and MCL
WCL and MCL informed cancellation of LOA and invocation of bank guarantee (₹54.96 crore) in Q1 FY23
Delhi High Court directed no coercive action
Management believes strong case, no provision considered necessary

Financial results approved by Board of Directors at meeting held on October 30, 2026 (1:00 PM to 1:30 PM)
Reviewed by Audit Committee on October 30, 2026