RattanIndia Power Faces Escalated Financial Turmoil in Q2
RattanIndia Power's consolidated net loss increased to Rs 31.55 crore in September quarter, due to reduced income, compared to a Rs 1.35 crore loss in the previous year. The company's total income dropped to Rs 743.41 crore for the same period, while expenses rose slightly to Rs 774.96 crore.
- Country:
- India
RattanIndia Power reported a notable increase in consolidated net loss, reaching Rs 31.55 crore in the September quarter, a substantial rise from the Rs 1.35 crore loss during the same quarter of last fiscal year. This financial setback is primarily due to a decrease in the company's income.
For the July-September 2024-25 period, the company's total income dropped to Rs 743.41 crore, compared to Rs 771.39 crore in the same period of the previous year. This decline has put additional pressure on the financial health of the company.
Meanwhile, the company's expenses witnessed a slight increase, climbing to Rs 774.96 crore from Rs 772.74 crore in the comparable period of the previous year, further exacerbating the financial challenges for RattanIndia Power.
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