Summary of Key Information:
Reporting Period (Quarter/Year): Quarter and Half Year ended September 30, 2026
Nature of Filing / Announcement: Outcome of Board Meeting - Financial Results Approval
Audit Opinion:
Unmodified review opinion by statutory auditors M/s. P. Ishwara Bhat & Co., Chartered Accountants
Key Financial Highlights [₹ in Million]:
Standalone Results:
Revenue from Operations: Q2 FY27: ₹1,262.20 (24% YoY increase from ₹1,019.37 in Q2 FY26)
Total Income: Q2 FY27: ₹1,378.76
Net Profit: Q2 FY27: ₹290.11 (8.5% YoY decrease from ₹317.23 in Q2 FY26)
EPS: Q2 FY27: ₹1.58 (Basic and Diluted)
Other Equity: ₹4,885.18 as of September 30, 2026 (increase from ₹2,653.05 as of March 31, 2026)
Cash and Cash Equivalents: ₹212.67 as of September 30, 2026 (decrease from ₹390.42 as of March 31, 2026)
Debt: Total Borrowings ₹683.87 (Non-current ₹445.79 + Current ₹238.08) as of September 30, 2026
Consolidated Results:
Revenue from Operations: Q2 FY27: ₹1,903.33 (80% YoY increase from ₹1,055.32 in Q2 FY26)
Total Income: Q2 FY27: ₹1,941.18
Net Profit: Q2 FY27: ₹190.45 (22% YoY decrease from ₹244.02 in Q2 FY26)
EPS: Q2 FY27: ₹1.03 (Basic and Diluted)
Other Equity: ₹4,343.52 as of September 30, 2026 (increase from ₹2,328.98 as of March 31, 2026)
Cash and Cash Equivalents: ₹1,146.81 as of September 30, 2026 (increase from ₹915.41 as of March 31, 2026)
Debt: Total Borrowings ₹6,982.33 (Non-current ₹6,542.48 + Current ₹439.85) as of September 30, 2026
Segment-wise Performance:
Standalone Segment Performance:
Solar Segment Revenue: Q2 FY27: ₹1,249.71 (25% YoY increase)
Investment Segment Revenue: Q2 FY27: ₹12.49 (40% YoY decrease)
Solar Segment Profit: Q2 FY27: ₹311.97 (2% YoY decrease)
Investment Segment Profit: Q2 FY27: ₹10.00 (52% YoY decrease)
Consolidated Segment Performance:
Solar Segment Revenue: Q2 FY27: ₹1,643.14 (68% YoY increase)
Trading Segment Revenue: Q2 FY27: ₹260.19 (248% YoY increase)
Solar Segment Profit: Q2 FY27: ₹430.32 (35% YoY increase)
Trading Segment Profit: Q2 FY27: ₹32.55 (improved from loss of ₹0.93 in Q2 FY26)
Corporate Actions:
The company raised ₹2,005.35 million through rights issue of 19,854,940 equity shares at a premium of ₹91 per share
Additional 82,500 equity shares issued on exercise of ESOPs
Total funds raised: ₹2,013.60 million
Other Significant Information:
Merger announced between Ravindra Energy Limited and Energy In Motion Limited
Significant increase in investments: Standalone ₹4,591.88 million (from ₹2,765.85 million)
Consolidated intangible assets increased to ₹8,219.36 million (from ₹7,361.40 million)
The consolidated results include 37 subsidiaries, 18 LLPs, and 1 joint venture
Joint venture (Energy In Motion Limited) reported share of loss of ₹69.72 million for Q2 FY27
Change in Accounting Policy Details:
The company changed its accounting policy for solar power plants from Property, Plant & Equipment model to Intangible Asset model under Ind AS 115 Service Concession Arrangements
Impact on Other Equity: Increase of ₹104.84 million due to the change
Impact on Revenue: Increased FY26 revenue by ₹205.34 million
Impact on EPS: Decreased FY26 EPS from ₹4.53 to ₹4.01
Rights Issue Proceeds Utilization:
Total funds raised: ₹2,005.35 million
Investment in Energy In Motion Limited: ₹1,500.00 million (fully utilized)
General Corporate Purpose: ₹490.30 million utilized
Issue Related Expenses: ₹15.00 million utilized