RattanIndia Power FY26 Results: Profit Drops, PLF Improves to 82%

RattanIndia Power Limited has released its audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The company reported a decline in annual profit while its Amravati plant achieved a Plant Load Factor (PLF) of 82.10% for the fiscal year. The results were reviewed by the Audit Committee and approved by the Board of Directors on May 07, 2026. M/s Walker Chandiok & Co. LLP issued an unmodified audit opinion on the financial statements.

Operational Performance

The Amravati thermal power plant, with an installed capacity of 1350 MW, demonstrated robust operational efficiency in FY26. The plant achieved a PLF of 82.10% and a Plant Availability Factor (PAF) of 87.88%, positioning it among the top-performing plants in Maharashtra. The company received and unloaded 1,469 coal rakes during the year, averaging 4.0 rakes daily. Additionally, RattanIndia Power sold 22.19 Million Units (MUs) on the power exchange, generating revenue of ₹16.38 crore.

Standalone Financial Performance

On a standalone basis, the company reported revenue from operations of ₹2,991.36 crore for FY26, compared to ₹3,283.83 crore in the previous year. Total income stood at ₹3,382.75 crore against ₹3,677.28 crore in FY25. The standalone net profit for FY26 was ₹46.59 crore, a significant decrease from ₹215.97 crore in the prior year. For the quarter ended March 31, 2026, revenue from operations was ₹787.69 crore, and net profit was ₹41.45 crore.

Metric:	Q4 FY26 (Audited)	Q3 FY26 (Unaudited)	Q4 FY25 (Audited)	FY26 (Audited)	FY25 (Audited)
Revenue from Operations (₹ Crore):	787.69	727.99	936.25	2,991.36	3,283.83
Total Income (₹ Crore):	864.15	835.90	1,037.64	3,382.75	3,677.28
Total Expenses (₹ Crore):	822.70	783.14	913.21	3,336.16	3,461.31
Net Profit (₹ Crore):	41.45	52.76	124.43	46.59	215.97
Basic EPS (₹):	0.08*	0.10*	0.23*	0.09	0.40

EPS for the quarter ended are not annualised

Consolidated Financial Performance

On a consolidated basis, including subsidiary Poena Power Development Limited (PPDL), revenue from operations for FY26 was ₹2,991.36 crore versus ₹3,283.83 crore in FY25. Total income stood at ₹3,346.06 crore compared to ₹3,640.60 crore in the prior year. The group's consolidated net profit for FY26 was ₹52.44 crore, compared to ₹221.92 crore in FY25.

Metric:	Q4 FY26 (Audited)	Q3 FY26 (Unaudited)	Q4 FY25 (Audited)	FY26 (Audited)	FY25 (Audited)
Revenue from Operations (₹ Crore):	787.69	727.99	936.25	2,991.36	3,283.83
Total Income (₹ Crore):	855.11	826.65	1,028.61	3,346.06	3,640.60
Total Expenses (₹ Crore):	812.27	772.39	902.67	3,293.62	3,418.68
Net Profit (₹ Crore):	42.84	54.26	125.94	52.44	221.92
Basic EPS (₹):	0.08*	0.10*	0.23*	0.10	0.41

Regulatory and Legal Updates

RattanIndia Power continues to engage with Redeemable Preference Share (RPS) holders regarding the settlement of ₹250 crores. The Insolvency and Bankruptcy Code (IBC) application against the company was disposed of in its favour by the NCLT in September 2025. However, an appeal by REC against the NCLT order concerning subsidiary PPDL remains pending. Regarding regulatory receivables, MSEDCL has paid ₹876.84 crore to date pursuant to a Supreme Court direction. The company is also pursuing Change in Law claims following an APTEL order dated May 08, 2025, which allowed notifications mandating 100% ash utilization and increases in coal transportation charges as Change in Law events.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.08%	+0.88%	+23.83%	-2.00%	+2.80%	+267.50%

RattanIndia Power Limited has notified the stock exchanges on May 04, 2026, under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, that four promoter-affiliated trusts have furnished compliance disclosures along with certificates from an independent auditor for the financial year 2025-26. The disclosures are in accordance with a SEBI Order dated September 12, 2025, bearing reference no. WTM/KCV/CFD/04/2025-26, issued under Regulation 11(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Background: SEBI Exemption Order and Compliance Requirement

The four trusts were granted an exemption from complying with the requirements of Regulation 3(1) and Regulation 5 read with Regulation 4 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (Takeover Regulations), in respect of their proposed indirect acquisition in RattanIndia Enterprises Limited (Target Company-1) and RattanIndia Power Limited (Target Company-2). The exemption was granted vide Orders bearing reference nos. WTM/KCV/CFD/05/2025-26 and WTM/KCV/CFD/04/2025-26, both dated September 12, 2025. Under the terms of the Exemption Order, read along with SEBI Circular dated December 22, 2017 bearing reference no. SEBI/HO/CFD/DCR1/CIR/P/2017/131, each trust is required to obtain annual compliance certification from an independent auditor and submit the same to the stock exchanges for public disclosure, with a copy endorsed to SEBI.

Trusts Covered and Compliance Certificates

All four trusts submitted their compliance certificates dated April 17, 2026, to the stock exchanges on April 27, 2026. The table below summarises the key details of each trust's submission:

Trust:	Trustee	Certificate Date	Auditor
Rajiv Rattan Family Trust	Ram Kumar	April 17, 2026	Prabir Singh & Co., Chartered Accountants
Rajiv Rattan Family Trust 2	Ram Kumar	April 17, 2026	Prabir Singh & Co., Chartered Accountants
Anjali Nashier Family Trust	Rajiv Rattan	April 17, 2026	Prabir Singh & Co., Chartered Accountants
Anjali Nashier Family Trust 2	Rajiv Rattan	April 17, 2026	Prabir Singh & Co., Chartered Accountants

Each of the four trusts indirectly acquired voting rights in RattanIndia Power Limited during the financial year 2025-26 pursuant to the aforesaid Exemption Order.

Auditor's Confirmation of Compliance

Prabir Singh & Co., Chartered Accountants (Firm Reg. No. 022067N), conducted an examination of records and documents furnished by each trust to ascertain compliance with the terms and conditions laid down in the SEBI Circular. The firm, represented by Proprietor Prabir Singh (M.No. 503186), confirmed that all four trusts are in compliance with the Exemption Order and the SEBI Circular for the financial year 2025-26. The certificates were issued from New Delhi and are intended solely for submission to SEBI, the National Stock Exchange of India Limited, and BSE Limited.

Regulatory Disclosure and Availability

The intimation to the stock exchanges was filed by Lalit Narayan Mathpati, Company Secretary of RattanIndia Power Limited, on May 04, 2026. The company has made the aforesaid information available on its website at www.rattanindiapower.com . The disclosure has been made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency and public access to the compliance status of the promoter-linked trusts for the financial year 2025-26.