Ravindra Energy Limited has announced its comprehensive business update for Q4FY26, highlighting significant developments across its renewable energy generation and electric vehicle business segments for the period ended March 31, 2026. The company submitted its quarterly and year-to-date financial results to BSE Limited and National Stock Exchange of India Limited, completing all necessary regulatory filings.

Renewable Energy Portfolio Overview

The company's renewable energy business encompasses a total portfolio of 486.3 MWp across 113 locations in Maharashtra and Karnataka. The portfolio demonstrates strong diversification across multiple project categories and off-takers.

Renewable Energy Generation Performance

The operational renewable energy assets generated 194.1 million kWh during the year ended March 31, 2026, compared to 53.8 million kWh in the previous year. The quarterly performance for March 2026 showed generation of 78.3 million kWh versus 16.0 million kWh in March 2025.

Electric Vehicle Business Performance

The company's electric vehicle division, operating under the Energy In Motion (EIM) brand, achieved significant operational milestones during FY26. The business delivered 311 total units by March 31, 2026, comprising 277 sales units and 34 lease units.

Infrastructure Development

The EIM division has established comprehensive infrastructure to support its electric vehicle operations. The company operates battery swap stations and charging networks across multiple states, with expansion plans for FY27.

Current Network Status

Operational Metrics

The company's charging infrastructure achieved significant utilization metrics by April 27, 2026:

• Total battery swaps across all stations: 11.7 thousand
• Total charging sessions across all chargers: 3.8 thousand
• Total energy dispensed: 2.93 million kWh

Manufacturing Capabilities

Ravindra Energy has established an assembly plant in Talegaon, Pune, with an annual production capacity of 5,000 units. The facility features modern infrastructure including overhead cranes and comprehensive manufacturing capabilities to support the company's electric vehicle production requirements.

Financial Performance and Future Outlook

The EIM division reported total revenue of ₹1,805.9 million for the year ended March 31, 2026, while recording a loss of ₹152.9 million. The company has established partnerships with multiple financial institutions including six banks, two NBFCs, and two leasing companies to provide financing solutions for customers.

The business outlook indicates strong demand momentum driven by Total Cost of Ownership parity with diesel vehicles and expected increases in diesel prices. The company plans network expansion across four key corridors including NCR region around New Delhi, Delhi-Mumbai highway, Kandla and Mundra ports, and Mumbai-Pune Expressway for FY27.

Ravindra Energy has released its Q4 consolidated financial results, presenting a mixed performance with marginal decline in profitability but notable improvement in operational efficiency. The company's financial metrics reflect both challenges in revenue generation and enhanced margin management during the quarter.

Financial Performance Overview

The company's Q4 consolidated results show key variations across different financial parameters compared to the previous year:

Revenue and Profitability Analysis

Ravindra Energy recorded a consolidated net profit of ₹126M in Q4, representing a slight decrease from ₹129M achieved in the corresponding quarter of the previous year. This marginal decline of approximately 2.33% indicates relatively stable bottom-line performance despite revenue headwinds.

The company's revenue performance showed a more pronounced impact, with Q4 revenue declining to ₹1.38B compared to ₹1.6B in the previous year, marking a decrease of 13.75%. This revenue contraction suggests challenges in business volume or pricing dynamics during the quarter.

Operational Efficiency Improvements

Despite the revenue decline, Ravindra Energy demonstrated significant improvement in operational efficiency metrics. The company's EBITDA increased substantially to ₹336M from ₹274M year-on-year, representing a growth of 22.63%.

The most notable achievement was the improvement in EBITDA margin, which expanded significantly to 24.38% compared to 17.23% in the corresponding quarter last year. This margin expansion of over 7 percentage points indicates enhanced cost management and operational optimization strategies implemented by the company.

Performance Summary

The Q4 results reflect Ravindra Energy's ability to maintain profitability levels while significantly improving operational margins despite facing revenue pressures. The substantial improvement in EBITDA and margin performance suggests effective cost control measures and operational efficiency initiatives during the quarter.