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) Result PDF
RattanIndia Enterprises Electric Utilities declares Q4FY22 result: Total consolidated profit of Rs. 565 cr for Q4FY22 In line with its ESG philosophy, RattanIndia Enterprises (REL) has discontinued associate relationship with RattanIndia Power (RPL) This has resulted in an income of Rs. 532 cr in REL’s Consol financials Revenue generation in all the key businesses is in line with the business plan Ecommerce business in Cocoblu has scaled up massively: Achieved YTD revenue of Rs. 400 cr (adds to Consol revenue of REL): Q1FY23 – Rs. 389 cr; Q4FY22 – Rs. 11 cr Pan India servicing: 19,000+ PIN Codes served 499 top brands already signed up … To go up to 600 by Q2FY23 40 lakhs+ orders fulfilled 15 lakhs+ unique items stocked and being sold Achieved 4 star review ratings on Amazon marketplace BankSe has disbursed 1,043 loans with total value of Rs. 25 cr+ till date NeoSky has kick-started its revenue journey with the acquisition of 60% stake in Throttle Aerospace (TAS) Revenue of Revolt for FY22: Rs. 160 cr (does not get added to REL consol financials since Revolt is an associate) Result PDF
Electric Utilities company RattanIndia Enterprises declares Q3FY22 result: Launch day partnership with India’s leading banks. Success based fee/ commission model End-to-end digital relationship, with real-time borrower status updation No RISK/ No FLDG portfolio. Full stack capability in-built Positioned as one stop solution provider for all financial needs Commenting on the occasion, Anjali Rattan Nashier, Business Chairperson of RattanIndia Enterprises Limited said, “BankSe fulfills the basic tenet of universal financial inclusion, by providing credit, when and where it is most required. With the formal launch of India’s premier, digital one-stop financial solution provider, REL seeks to create a vibrant model bringing established sector behemoths together on a common platform, where customers can access financing as per their own terms and pace. With an intuitive, tech-enabled platform, all users shall be able to avail chosen lending products in a matter of clicks. We are proud to be associated with India’s leading banks and NBFCs, as our day one partners in this endeavor. As the model evolves, we shall introduce new features, products, and partners through the platform. We believe that our solutions-based approach is bound to have a positivemultiplier effect on the economy, as customers begin to self-service financing, to match their aspirations and needs.” Result PDF