Invest
27 Years
4.4 Star
1 Crore +
Electric Utilities firm RattanIndia Enterprises announced Q1FY23 Result :
- Consolidated revenue from operations of REL group for Q1FY23 - Rs. 689 cr
- Ecommerce business has turned profitable within first full quarter of operations
- Consolidated loss is primarily driven by unrealized notional loss of Rs. 207 cr on investment in RattaIndia Power Limited (RPL)
- As informed in the last quarter, RPL is no longer an associate of REL
- Shareholding in RPL is now held as an investment in REL’s books
- For each reporting period, investment in RPL will be valued at the prevailing market price
- As of Jun 30, 2022, market price of RPL was Rs. 3.40 per share vis-à-vis Rs. 5.35 as of Mar 31, 2022
- Movement in the market price has resulted in an unrealized loss of Rs. 207 cr in REL’s books
- Daily fluctuating share price of RPL does not affect the intrinsic value of REL’s investment in RPL and hence the current loss is notional
- Revenue generation in all businesses showing an upward trend
- Ecommerce business in Cocoblu has scaled up massively:
- Achieved YTD revenue of Rs. 1,100 cr, including Q1FY23 revenue of Rs. 688 cr
- 541 top brands already signed up … To go up to 600 by Q2FY23
- 14 lakhs unique items stocked and being sold
- Achieved 4 star review ratings on Amazon marketplace
- BankSe has disbursed 2,404 loans with total value of Rs. 85 cr till date
- Number of Credit Cards Issued: Till date – 705; Q1 - 385
- NeoSky has kick-started its revenue journey with the acquisition of 60% stake in Throttle Aerospace (TAS)
- Revenue of Revolt for Q1FY23: Rs. 101 cr (does not get added to REL’s Consol financials since Revolt is an associate)
- Ecommerce business in Cocoblu has scaled up massively:
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