RattanIndia Power Q2 PAT at ₹37 Crore

Date: October 30, 2026

Revenue from operations: ₹702.85 crore (Q2 FY27) vs ₹653.72 crore (Q2 FY26)
Other income: ₹94.13 crore (Q2 FY27) vs ₹98.95 crore (Q2 FY26)
Total income: ₹796.98 crore (Q2 FY27) vs ₹752.67 crore (Q2 FY26)
Cost of fuel, power and water consumed: ₹544.51 crore (Q2 FY27) vs ₹539.00 crore (Q2 FY26)
Employee benefits expense: ₹18.48 crore (Q2 FY27) vs ₹17.03 crore (Q2 FY26)
Finance costs: ₹82.87 crore (Q2 FY27) vs ₹112.08 crore (Q2 FY26)
Depreciation and amortisation expense: ₹63.22 crore (Q2 FY27) vs ₹62.35 crore (Q2 FY26)
Other expenses: ₹51.00 crore (Q2 FY27) vs ₹55.23 crore (Q2 FY26)
Total expenses: ₹760.08 crore (Q2 FY27) vs ₹785.69 crore (Q2 FY26)
Profit/ (loss) before tax: ₹36.90 crore profit (Q2 FY27) vs ₹33.02 crore loss (Q2 FY26)
Tax expenses: Nil for both periods
Profit/ (loss) for the period: ₹36.90 crore profit (Q2 FY27) vs ₹33.02 crore loss (Q2 FY26)
Other comprehensive income: (₹0.20) crore (Q2 FY27) vs ₹0.41 crore (Q2 FY26)
Total comprehensive income/ (loss): ₹36.70 crore (Q2 FY27) vs (₹32.61) crore (Q2 FY26)
Basic EPS: ₹0.07 (Q2 FY27) vs (₹0.06) (Q2 FY26)
Diluted EPS: ₹0.07 (Q2 FY27) vs (₹0.06) (Q2 FY26)

Revenue from operations: ₹1,501.40 crore (H1 FY27) vs ₹1,475.68 crore (H1 FY26)
Other income: ₹171.16 crore (H1 FY27) vs ₹207.02 crore (H1 FY26)
Total income: ₹1,672.56 crore (H1 FY27) vs ₹1,682.70 crore (H1 FY26)
Cost of fuel, power and water consumed: ₹1,155.58 crore (H1 FY27) vs ₹1,192.59 crore (H1 FY26)
Employee benefits expense: ₹37.27 crore (H1 FY27) vs ₹34.60 crore (H1 FY26)
Finance costs: ₹168.80 crore (H1 FY27) vs ₹260.25 crore (H1 FY26)
Depreciation and amortisation expense: ₹125.78 crore (H1 FY27) vs ₹124.37 crore (H1 FY26)
Other expenses: ₹103.87 crore (H1 FY27) vs ₹118.51 crore (H1 FY26)
Total expenses: ₹1,591.30 crore (H1 FY27) vs ₹1,730.32 crore (H1 FY26)
Profit/ (loss) before tax: ₹81.26 crore profit (H1 FY27) vs ₹47.62 crore loss (H1 FY26)
Tax expenses: Nil for both periods
Profit/ (loss) for the period: ₹81.26 crore profit (H1 FY27) vs ₹47.62 crore loss (H1 FY26)
Other comprehensive income: (₹0.20) crore (H1 FY27) vs ₹0.41 crore (H1 FY26)
Total comprehensive income/ (loss): ₹81.06 crore (H1 FY27) vs (₹47.21) crore (H1 FY26)
Basic EPS: ₹0.15 (H1 FY27) vs (₹0.09) (H1 FY26)
Diluted EPS: ₹0.15 (H1 FY27) vs (₹0.09) (H1 FY26)

Paid-up equity share capital: ₹5,370.11 crore (Face Value of ₹10 per Equity Share)
Other equity as per statement of assets and liabilities: (₹527.85) crore as of March 31, 2026 (Audited)

Installed capacity: 1350 MW (270 MW X 5 units) thermal power plant at Amravati, Maharashtra
Annual production capacity: 11,826 MUs
Power Purchase Agreement: 1200 MW with Maharashtra State Electricity Distribution Company Limited (MSEDCL)
Additional 42 MW sold in open market
Plant commissioned in March 2015
Fuel Supply Agreement with South Eastern Coalfields Limited (SECL) for 6.10 MMT of coal
Water allocation: 60 MCM from the Upper Wardha Dam
Dedicated railway siding of 35 Km from Walgaon station to plant
Plant Load Factor (PLF): 85% achieved in H1 FY27
Plant Availability: 91% achieved in H1 FY27
During H1 FY27, the company sold 20.26 MUs on the power exchange, generating revenue of ₹16.94 crore

The Appellate Tribunal for Electricity (APTEL), in its judgement dated May 8, 2025 (modified on May 15, 2025) in Appeal No. 345 of 2021, allowed the appeal of RPL and held:
Notifications issued by Ministry of Environment, Forest & Climate Change (MoEFCC) mandating 100% utilization of ash as Change in Law
Levy and Increase in Surface Transportation Charges levied by SECL as Change in Law
Levy and Increase in Sizing Charges levied by SECL as Change in Law
The Company filed a remand petition in MERC on July 10, 2025 seeking directions to MSEDCL for release of payment towards the Change in Law claim
MSEDCL filed a Civil Appeal in Supreme Court on August 4, 2025 challenging the APTEL Order
The appeal has been admitted and the impugned judgement has been stayed subject to payment of 25% of the principal amount
MSEDCL has paid ₹115 crore towards Change in Law claims
The Company continues to actively pursue recovery of regulatory receivables through appropriate legal and regulatory forums

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