RTNINDIARattanIndia Enterprises Ltd.
RattanIndia Enterprises Q2 FY27 Results: Consolidated Net Loss ₹24.03 Crore on Total Income of ₹2,064 Crore
- Earnings
- Investment holding and e-commerce
Reviewed byKeshav SehgalBlacklitt Research
RattanIndia Enterprises (NSE: RTNINDIA) reported a consolidated total income of ₹2,064.14 crore and a net loss of ₹24.03 crore for the quarter ended 30 Sep 2026, it said in a filing on 03 Nov 2026. The standalone net loss was ₹19.30 crore on total income of ₹5.35 crore.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹2,064.14 crore, down 3.0% YoY and up 10.3% QoQ
- Net profit: Net loss of ₹24.03 crore, against a loss of ₹396.56 crore a year earlier; EPS -₹0.18
- Finance costs: ₹20.74 crore, up 7.3% YoY and 10.5% QoQ
Standalone
The company on its own, without its subsidiaries
- Total income: ₹5.35 crore, up 14.0% YoY and down 7.1% QoQ
- Net loss: ₹19.30 crore; EPS -₹0.14, against -₹2.90 a year earlier
- Impairment: ₹10.80 crore on the investment in NeoSky India Limited
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 2,064.14 | 2,127.49 | -3.0% | 1,871.29 | +10.3% | |
| Revenue from operations | 2,061.67 | 2,123.92 | -2.9% | 1,870.48 | +10.2% |
| Other income | 2.48 | 3.57 | -30.6% | 0.81 | +205.7% |
| -24.03 | -396.56 | +93.9% | 14.73 | n/a | |
| Profit before tax | -22.35 | -455.70 | +95.1% | 28.10 | n/a |
| Finance costs | 20.74 | 19.33 | +7.3% | 18.77 | +10.5% |
| Depreciation | 3.22 | 3.63 | -11.4% | 3.18 | +1.4% |
| Tax expense | 1.68 | -59.14 | n/a | 13.36 | -87.4% |
| Net profit margin | -1.16% | -18.64% | +17.48 pp | 0.79% | -1.95 pp |
| EPS, basic (₹) | -0.18 | -2.87 | +93.7% | 0.11 | n/a |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
The consolidated net loss narrowed sharply from a year earlier, even though total income fell 3.0%.
Revenue from operations of ₹2,061.67 crore is almost all sale of products and services, and other income fell to ₹2.48 crore from ₹3.57 crore. Finance costs rose 7.3% to ₹20.74 crore while total income fell, so the cost of borrowing took a larger share of the top line.
Against the previous quarter, total income rose 10.3% but the result swung from a profit of ₹14.73 crore to a loss of ₹24.03 crore, and EPS moved from ₹0.11 to -₹0.18. The notes list the Throttle Aerospace rights issue, which took the group's stake from 60% to 90%, and a challenge to it before the NCLT.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 5.35 | 4.69 | +14.0% | 5.75 | -7.1% | |
| Revenue from operations | 5.34 | 4.67 | +14.4% | 5.75 | -7.0% |
| Other income | 0.00 | 0.02 | -76.5% | 0.01 | -50.0% |
| -19.30 | -400.85 | +95.2% | -8.63 | -123.8% | |
| Profit before tax | -19.30 | -466.28 | +95.9% | -8.62 | -123.8% |
| Finance costs | 11.22 | 9.93 | +13.0% | 11.65 | -3.6% |
| Depreciation | 0.47 | 0.47 | -0.2% | 0.46 | +1.1% |
| Tax expense | 0.00 | -65.42 | n/a | 0.00 | -66.7% |
| Net profit margin | -360.97% | -8548.80% | +8187.83 pp | -149.87% | -211.10 pp |
| EPS, basic (₹) | -0.14 | -2.90 | +95.2% | -0.06 | -133.3% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone total income rose 14.0% from a year earlier, but the net loss of ₹19.30 crore is far smaller than the ₹400.85 crore loss of the year-earlier quarter, which carried an unrealised fair value loss on the RattanIndia Power investment. Against the previous quarter, the loss widened, and net profit fell 123.8%.
The company recognised an impairment loss of ₹10.80 crore on its investment in NeoSky India Limited in the quarter. The notes link it to the Throttle Aerospace rights issue and to the current fair value of TAS shares.
Inference
The filing states that the Board approved the results on 3 Nov 2026 and that the auditor, Walker Chandiok & Co LLP, issued a limited review report with no modification on both sets of results. The Holding Company's paid-up equity share capital is ₹276.45 crore at a face value of ₹2 a share, and the company describes Cocoblu's transfer to Neobrands in April 2026 as an internal reorganisation with no change in ultimate ownership.
The notes list open matters: a challenge to the Throttle Aerospace rights issue before the NCLT, Canara Bank's appeal to the NCLAT against an order in the company's favour, and EV regulations for which the company cannot yet estimate a financial effect. Whether a dividend is proposed, and how these matters will turn out, are not known from the filing.
Filed with BSE on . Reference: Original filing (PDF)
Disclaimer:
The information available on this article is provided for education and informational purposes only. It does not constitute or provide financial, investment or trading advice and should not be construed as an endorsement of any specific stock or financial strategy in any form or manner. We do not make any representations or warranties regarding the quality, reliability, or accuracy of the information provided. This website may contain links to third-party content. We are not responsible for the content or accuracy of these external sources and do not endorse or verify the information provided by third parties. We are not liable for any decisions made or actions taken based on the information provided on this website.
