RattanIndia Power Reports Impressive Profit Turnaround in Q1 2024

RattanIndia Power posted a consolidated net profit of Rs 93 crore for the April-June 2024 quarter, reversing a loss of Rs 549.36 crore from the same period last year. The turnaround was attributed to higher revenues, with total income rising to Rs 1,016.36 crore from Rs 935.98 crore a year ago.

RattanIndia Power on Thursday posted a consolidated net profit of Rs 93 crore in the April-June 2024 quarter, driven primarily by higher revenues.

The company, in a regulatory filing, reported a staggering reversal from the Rs 549.36 crore loss in the corresponding quarter of 2023.

Total income for the reporting quarter surged to Rs 1,016.36 crore, up from Rs 935.98 crore a year earlier.