RattanIndia Power Ltd reports Q2 net profit of ₹38.37 crore on revenue of ₹702.85 crore
- Revenue was down 12.0% QoQ and up 7.5% YoY; net profit fell 16.3% QoQ versus a ₹31.55 crore loss a year earlier.
- Auditors issued an unmodified limited-review conclusion, with an Emphasis of Matter on ₹250 crore of overdue redeemable preference shares.
- The company is evaluating a BHEL arbitration award of ₹171 crore plus interest.