NSEGeneral Updates1d ago · 30 Oct 2026, 01:57 pm
General Updates
RattanIndia Power Limited · RTNPOWER
✦ AI Summary▲ PositiveResults
RattanIndia Power Limited has informed the Exchange about Earnings Update for the quarter and half year ended September 30, 2026. The company has reported a steady improvement in operating performance, with a plant availability of 91% and a plant load factor (PLF) of 85.01% in H1 FY 27. The company's total income increased to Rs. 797 Cr in Q2 FY 27 from Rs. 753 Cr in Q2 FY 26, and the profit after tax (PAT) for H1 FY 27 improved to Rs 81 Cr, compared with a loss of Rs 48 Cr in H1 FY 26.
Analysis Scores
Earnings Impact8/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk3/10
Balance Sheet Risk5/10
Liquidity Impact9/10
Market Sentiment8/10
✦ Ask a Question
Ask anything about this announcement — AI will answer based on the filing content.
Full Announcement
RattanIndia Power Limited has informed the Exchange about Earnings Update for the quarter and half year ended September 30, 2026.
Attachments (1)
📄pdf
Download →
RTNPOWER_30102026135703_RPLEUQ226.pdf
View document text
Date: October 30, 2026
Scrip Code- 533122 RTNPOWER/EQ
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex
Dalal Street, Bandra (East),
Mumbai – 400 001 Mumbai-400 051
Sub: Earnings Update of RattanIndia Power Limited for the quarter and half year
ended September 30, 2026.
Dear Sir/Madam,
Please find enclosed an Earnings update of RattanIndia Power Limited for the quarter
and half year ended September 30, 2026, for your information and record.
Thanking you,
Yours faithfully,
For RattanIndia Power Limited
Lalit Narayan Mathpati
Company Secretary & Compliance Officer
Encl : as above
RattanIndia Power Limited
CIN: L40102DL2007PLC169082
Registered Address: A-49, Ground Floor, Road No. 4, Mahipalpur, New Delhi - 110037
Website: www.rattanindiapower.com; Email ID: ir_rpl@rattanindia.com; Phone: 011 46611666; Fax: 011 46611777
RattanIndia Power Limited
Earnings Update
Q2 FY 2027
Date : 30th October 2026
Safe Harbor Statement
This document contains certain forward-looking statements based on current expectations of RattanIndia management.
Actual results may vary significantly from the forward-looking statements in this document due to various risks and
uncertainties. These risks and uncertainties include the effect of economic and political conditions in India, and outside
India, volatility ininterest rates andin Securities markets, newregulations andgovernmentpolicies thatmightimpactthe
business of RattanIndia, the general state of the Indian economy and the management’s ability to implement the
company’sstrategy.RattanIndiadoesn’tundertakeanyobligationtoupdatethese forward-lookingstatements.
This document does not constitute an offer or recommendation to buy or sell any securities of RattanIndia or any of its
subsidiaries or associate companies. This document also doesn’t constitute an offer or recommendation to buy or sell any
financialproductsofferedbyRattanIndia.
Investor Contact:
Landline No: +91 11 466 11 666
Email: ir_rpl@rattanindia.com
Table of Contents
1. About RattanIndia Power Limited (RPL)
2. Performance Highlights
3. Generation trend of India
4. Demand trend of MSEDCL
5. Regulatory Updates
6. Unaudited StandaloneFinancialResults for the Quarter and half year Ended 30 September 2026
About RattanIndia Power Limited
1. Installed capacity of 1350 MW (270 MW X 5 units) thermal power plant with capacity to produce 11,826 MUs
annually, atAmravati,Maharashtra
2. 1200 MW Power Purchase Agreement (PPA) with Maharashtra State Electricity Distribution Company Limited
(MSEDCL).
3. Additional42MWisbeingsoldinopenmarket
4. Plant was successfullycommissionedinMarch2015
5. TheCompanyhasFuelSupplyAgreement(FSA)withSouth EasternCoalfieldsLimited(SECL) ,for6.10MMTof coal
6. The power project has been allocated 60 MCM (Million Cubic Meter) water from the Upper Wardha Dam
7. Dedicated railway siding of 35 Km from Walgaonstation to plant
Performance Highlights
Improvement in Operating Performance
Plant Availability %
PLF %
100% 100% 91%
85% 86% 86% 88%
82% 82% 81% 82%
75% 77% 78%
80% 80%
60% 60%
40% 40%
20% 20%
0% 0%
FY22 FY23 FY24 FY25 FY26 H1 FY27 FY22 FY23 FY24 FY25 FY26 H1 FY27
There has been a steady improvement in PLF since the plant resumed generation in December 2020. Amravati is amongst the top
performing plants in Maharashtra State as well as entire country till H1 FY 27.
InH1FY27,Amravatiplantachievedfollowing milestones:
• PLFof 85.01%with PAF of90.86%
• Receivedandunloaded743nos.coalrakes(i.e.dailyaverageof 4.1rakes) 5
Performance Highlights
Key Financial Highlights - Standalone
• Total IncomeincreasedtoRs. 797 CrinQ2FY27fromRs. 753 CrinQ2FY26
• ProfitAfterTax(PAT) forH1FY27improvedtoRs 81Cr,comparedwithlossofRs 48CrinH1FY26
• Amravati Plant remains amongst the best performing plants in Maharashtra as well as entire country having achieved 85% PLF
and91%AvailabilityinH1FY27.
• During H1 FY27, the company sold 20.26 MUs on the power exchange, generating revenue of Rs.16.94 crore, in addition to
revenueearnedthroughthePPA.
Generation trend of India
Generation Country -(BUs)
2,000 Generation(Country )in BU(LHS Axis) 20%
All India Total % Growth
Growth Rate in Generation (RHS Axis)
FY 14 1,020 5.2% 1,800 18%
FY 15 1,110 8.8% 16%
1,600
FY 16 1,174 5.7%
1,400
FY 17 1,242 5.8%
FY 18 1,308 5.4% 1,200
FY 19 1,376 5.2% 10%
1,000
FY 20 1,389 0.9% 8%
FY 21 1,382 -0.5% 800
FY 22 1,492 8.0% 600
FY 23 1,624 8.9%
FY 24 1,739 7.1%
FY 25 1,830 5.2% 200 0%
FY 26 1,848 1.0% 0 -2%
H1 FY 27 1,073 FY 14 FY 15 FY 16 FY 17 FY 18 FY 19 FY 20 FY 21 FY 22 FY 23 FY 24 FY 25 FY 26
Data for Sept 2026 is tentative Source: CEA and Ministry of Power
• Countryhasobservedrobustgenerationgrowth–CAGRofabout5%forlast13years.However,growthratehasincreasedby12.0%forH1
FY27ascomparedtocorrespondingperiodof H1FY26.
• Overall,thecountryrecordeditshighest-everpowergenerationinFY26,arecordthatisexpectedtobesurpassedinFY27.
• UptoH1FY27, allIndia generation was1,073billionunits(BUs),ofwhichonly219BUs(i.e.~20%)wasfromRenewable EnergySources
‘RES’(Wind+Solar+SmallHydro+Others).Further,the totalinstalled capacityofRES of247GWis about44%ofthe totalinstalled capacity
of549GW.Thermalcoal-basedpowerplantswouldcontinuetobethebackboneoftheelectricitygenerationinthecountry.
Demand trend of MSEDCL
27 26.0 26.0
25.1
24.4 24.5
25 24.1
23.5
23 22.0 22.1
21.1
20.6
19.2
Average maximum and minimum power demand increased substantially inH1 FY 27 in Maharashtra State
Source: CEA, MSLDC
dnameD
mumixaM
dnameD
muminiM
(In GW)
24.0 22.2
21.7
21.0 21.1
22.0 21.1
20.0 18.9 18.7 18.0
17.5
17.0
18.0 16 16.3
16.0
14.0
12.0
Regulatory Updates
TheAppellateTribunalforElectricity(APTEL),videitsjudgementdated08thMay2025(modifiedon15thMay2025)inAppealNo.345of
2021,allowedtheappealofRPLandheldthefollowing:
• Notifications issued by Ministry of Environment, Forest & Climate Charge (MoEFCC) dated 25.01.2016, 31.12.2021, 30.12.2022 &
01.01.2024mandating100%utilizationofashasChangeinLaw.
• Levy and Increase in Surface Transportation Charges levied by SECL through notifications issued by Coal India Limited and its
subsidiariesisaChangeinLaw.
• LevyandIncreaseinSizingChargesleviedbySECLthroughnotificationsissuedbyCoalIndiaLimitedanditssubsidiariesisaChange
inLaw.
Consequently, the Company on 10.07.2025 filed a remand petition in MERC seeking directions from MERC to MSEDCL for release of
payment towards the Change in Law claim on account of Ash Transportation and Increase in STC & Sizing Charges. The matter is
currentlysubjudice.
Subsequently, MSEDCL also filed a Civil Appeal in Supreme Court on 04.08.2025 challenging the above mentioned APTEL Order. The
appealhasbeenadmittedandtheimpugnedjudgementhasbeenstayedsubjecttopaymentof25%oftheprincipalamount.
Accordingly,MSEDCLhaspaidRs115CrtowardsChangeinLawclaimclaims.
TheCompanycontinuestoactivelypursuerecoveryofregulatoryreceivablesthroughappropriatelegalandregulatoryforums..
Unaudited Standalone Financial Results for the Quarter and half year Ended 30 September 2026
Quarter ended Half year ended Year ended
Particulars ( Rs -Cr) 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026
(Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited)
1 Revenue from operations 702.85 798.55 653.72 1,501.40 1,475.68 2,991.36
2 Other income 94.13 77.03 98.95 171.16 207.02 391.39
Total income 796.98 875.58 752.67 1,672.56 1,682.70 3,382.75
3 Expenses
(a) Cost of fuel, power and water consumed 544.51 611.07 539.00 1,155.58 1,192.59 2,314.61
(b) Employee benefits expense 18.48 18.79 17.03 37.27 34.60 69.10
(c) Finance costs 82.87 85.93 112.08 168.80 260.25 461.41
(d) Depreciation and amortisation expense 63.22 62.56 62.35 125.78 124.37 252.26
(e) Other expenses 51.00 52.87 55.23 103.87 118.51 238.78
Total expenses 760.08 831.22 785.69 1,591.30 1,730.32 3,336.16
4 Profit/ (loss) before tax (1+2-3) 36.90 44.36 (33.02) 81.26 (47.62) 46.59
5 Tax expenses
(a) Current tax - - - - - -
(b) Deferred tax - - - - -
[Showing first 8,000 characters — download PDF for full document]