Electric utilities company RattanIndia Power announced FY23 results: Total income of Rs 3,581 crore PBT of Rs 3,53 crore EBITDA of Rs 1,108 crore Highest ever PLF of 77% Received and unloaded highest ever coal rakes (1487 nos. i.e. daily average of 4.1 rakes) Company continues to timely service its debt obligations, having paid Rs 3,116 crore (principal and interest) since Jan 2020, including Rs 733 crore as prepayment The outstanding secured external term debt stands reduced at Rs 1,213 crore (including accroreued interest) against standalone Networth of Rs 5,608 crore as on 31 March 2023 Result PDF
RattanIndia Power announced Q3FY23 results: Q3FY23: The company has clocked EBITDA of Rs 293 crore for Q3FY23 & Rs 796 crore for 9MFY23 Amravati plant remains amongst the best-performing plants in Maharashtra having achieved 74% PLF and 78% availability till December 2022 despite facing coal shortages due to external constraints. The company continues to timely service its debt obligations, having paid ~Rs 2,855 crore (principal and interest) since Jan 2020, including Rs 662 crore as prepayment The outstanding secured external term debt principal stands reduced at Rs 1,223 crore as of date against a standalone Networth of Rs 5,400 crore as on 30 September 2022 The company is in the process of re-financing its secured debt with one of the leading domestic private sector banks. The transaction is expected to close in Q4FY23. Result PDF
Electric Utilities company RattanIndia Power declares Q3FY22 result: 119% increase in Revenue and 212% increase in PAT in Q3FY’22 vs Q3FY’21 180% increase in Revenue and 526% increase in PAT in 9MFY’22 vs 9MFY’21 RPL has paid over Rs 2001 Cr towards debt servicing over last 2 years substantially reducing the external secured term debt to Rs 1953 Cr against networth of Rs 5139 Cr RPL’s claims of Regulatory Assets/Receivables of Rs 4000 Cr are at various stages of final determination/realisation Vibhav Agarwal, Managing Director RattanIndia Power said “RPL is a turn-around story in Indian power sector with superlative operating performance. The company has showcased how stressed thermal assets can be resolved efficiently and put to use in the service of the nation.” The Company is regularly engaging with lenders of its subsidiary Sinnar Thermal Power Limited for resolution of its Sinnar Thermal Power Plant in light of increasing demand of power. Result PDF