Oct 06, 2022 04:01 PM
Electric Utilities firm RattanIndia Enterprises announced Q1FY23 Result :
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RattanIndia Enterprises Ltd. is a clean energy company that manufactures electric motorcycles through its flagship brand Revolt Motors. It also manufactures drone systems and is involved in the drone solution business through its wholly-owned subsidiary NeoSky India Ltd.
The company was incorporated in November 2010 under the name Indiabulls Infrastructure and Power Ltd. Eventually, it rebranded to RattanIndia Enterprises Ltd. in March 2021. The company is listed on the Bombay Stock Exchange (BSE) and has been allotted the number 534597. It is also listed on the National Stock Exchange (NSE) under the symbol RTNINDIA. RattanIndian Enterprises Ltd. has a market capitalisation of Rs. 6.63 trillion crore. RattanIndia Enterprises share price as of April 4, 2022 was Rs. 48.70. RattanIndia Enterprises Ltd. share price hit a 52-week high at Rs. 70.65 and recorded a 52-week low at Rs. 4.48. The company has provided investors a return of 882.83% over the past year.
RattanIndia Enterprises is part of India’s new-age tech-based businesses that invests in clean and green energy. It has made an investment of Rs. 150 crore in Revolt Intellicorp, one of India’s leading electric bike manufacturers. The company has its production line in Manesar auto hub in Haryana. Revolt comes in two variants—RV 300 and RV 400—comprising a range of 150 kms on a single charge with a top speed of 100 kms/hour and full battery charge time of four hours. Bikes can be operated through the MyRevolt App, which offers advanced connectivity and security features, such as bike locator/Geo fencing, battery diagnostics, ride details, and customised sounds among others.
RatannIndia Enterprises reported a total revenue of Rs. 53.23 lakh for the December quarter of 2021 compared to a total revenue of Rs. 63.32 lakh for the same period in the previous year. The company posted a loss of Rs. 89.62 lakh for the December quarter of 2021 compared to a total profit of Rs. 10.21 lakh for the same period in the previous year. The earnings per share for the company for the December quarter of 2021 was -Rs.0.006 versus an earnings per share of Rs. 0.001 for the same period in the previous year.
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|Market Lot Equity Shares||:||1|
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