RattanIndia Power Faces Challenge with Q1 Loss
RattanIndia Power experienced a consolidated net loss of Rs 13.41 crore in the June quarter due to lower revenues. This is a significant decline compared to a net profit of Rs 93 crore in the same period last year, with total income dropping from Rs 1,016.36 crore to Rs 920.89 crore.
- Country:
- India
In a challenging first quarter, RattanIndia Power reported a consolidated net loss of Rs 13.41 crore. The financial dip is largely attributed to decreased revenues when compared to the same period last year.
The contrast is stark against last year's profit figures, where the company posted a net profit of Rs 93 crore. The drop in profit margins is a significant indicator of the operational struggles faced by the company.
RattanIndia Power's total income witnessed a downturn, shrinking to Rs 920.89 crore from the previous year's Rs 1,016.36 crore, further emphasizing the financial hurdles the company needs to address.
(With inputs from agencies.)
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