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Ravindra Energy Ltd

| Audited Standalone Results for the Quarter and Year Ended March 31, 2026

BULLISH SENTIMENT

Report Source

⬤29th Apr 26

Summary : Ravindra Energy Limited reported strong FY26 financial growth, driven by expansion in renewable energy and electric vehicle businesses, funded by a successful preferential issue.

Quarterly Report Analysis & Insights

Financial Disclosures

  1. Cost of Materials Consumed, Employee Benefit Expenses, Financial Costs, Depreciation, Other Expenses.
  2. Standalone FY26: Solar (₹4,378.02 Mn), Investment (₹65.74 Mn).
  3. Consolidated FY26: Solar (₹5,212.28 Mn), Trading (₹219.74 Mn).
  4. Standalone FY26: Operating Activities (₹1,480.00 Mn), Investing Activities (₹-1,432.66 Mn).
  5. Consolidated FY26: Operating Activities (₹1,718.49 Mn), Investing Activities (₹-4,426.93 Mn).
  6. Standalone FY26: Total Assets (₹5,304.56 Mn), Total Equity (₹4,441.79 Mn).
  7. Consolidated FY26: Total Assets (₹11,305.02 Mn), Total Equity (₹4,396.87 Mn).
  8. Both standalone and consolidated results are presented.
  9. Consolidated results include 37 subsidiaries, 18 LLPs, and 1 associate.

Corporate Overview

  1. India (Registered Office: Karnataka)
  2. Impairment of investments in LLPs (₹50 Mn standalone).
  3. Solar Projects
  4. Sale of Electricity & Power
  5. Investment in Renewable Energy Business
  6. Investment in Electric Vehicle Business
  7. Formal and factual reporting of financial results and board decisions.
  8. Solar
  9. Trading
  10. Investment
  11. Investment in Renewable Energy Business (new generation projects, battery storage, electricity trading, solar pumps)
  12. Investment in Electric Vehicle Business (charging/swapping infrastructure, battery supply/assembly)

Risk Factors

  1. Impairment of investments in LLPs.
  2. Uncertainty regarding future going concern.
  3. Reliance on management estimates for projects.
  4. Market volatility affecting share prices.

Key Drivers

  1. Expanding renewable energy projects.
  2. Investing in electric vehicle infrastructure.
  3. Strong revenue and profit growth.
  4. Successful preferential share issue.

Auditor’s Report

  1. Unmodified opinion on standalone and consolidated financial results.
  2. Standalone: Impairment of Investments in LLPs (₹50.00 Mn).
  3. Standalone: Employee Stock Options (ESOPs) scheme and vesting.
  4. Consolidated: Profit on Sale of Shares of Subsidiary (₹1.88 Mn).
  5. Consolidated: Employee Stock Options (ESOPs) scheme and vesting.

Board Commentary

  1. Appointment of M/s. P. G. Bhagwat LLP as Internal Auditors.
  2. Appointment of M/s. A. G. Anikhindi & Co. as Cost Auditors.
  3. Impairment of investments in LLPs (₹50 Mn standalone).
  4. Compliance with SEBI Listing Regulations.
  5. Preferential issue proceeds allocated to Renewable Energy and EV businesses.
  6. Board approved 6-month extension for unutilized funds.

Corporate Governance

  1. Auditors comply with Code of Ethics.
  2. Audit Committee and Nomination & Remuneration Committee mentioned.

Management Discussion & Analysis

Future Strategy

  1. Expansion into renewable energy projects and electric vehicle infrastructure.

Operational Focus Areas

  1. Building and operating new generation renewable energy projects.
  2. Developing electric vehicle battery charging and swapping infrastructure.

Performance Drivers

  1. Significant increase in standalone and consolidated revenue year-on-year.
  2. Improved net profit after tax for the financial year.

Risk Control Measures

  1. Board approved extension for unutilized preferential issue funds.

Critical Risks

  1. Impairment of investments in LLPs.
  2. Potential for future events affecting going concern status.