Ravindra Energy sees strong H1 2025 performance, expands RE and EV businesses

Ravindra Energy Limited (REL) has reported a substantial business update for the second quarter and half year ended September 30, 2025, highlighting considerable progress in both its Renewable Energy (RE) and Electric Vehicle (EV) business segments. The company's standalone profit after tax for the half year stood at Rs 56.16 crore, a significant increase from Rs 8.21 crore in the prior year period, with total revenue from operations reaching Rs 245.48 crore.

In its RE business, REL's operating capacity has reached 187.3 MW, including the commissioning of 100 MW AC/135 MW DC under MSKVY Phase 1 and 11 MW of open access projects. The company has 45 MW AC/58 MW DC under construction, with a targeted COD of March 31, 2026, and an additional 182 MW AC/227 MW DC under development. The EV segment saw 91 e-tractors sold to date, a total order book of 185 e-tractors, and the commissioning of two swap stations. The EV segment reported H1 FY 2025-26 revenue of Rs 44.7 crore.

Consolidated results show a profit after tax of Rs 54.40 crore for the half year, compared to Rs 6.99 crore previously, with total revenue from operations amounting to Rs 269.12 crore. Total external borrowings consolidated increased to Rs 388.67 crore as of September 30, 2025, up from Rs 192.00 crore as of March 31, 2025, supporting the company's expansion initiatives.