Ravindra‍‌‍‍‌‍‌‍‍‌ Energy Shares Price Surge as Firm Posts Stellar Q2, EV Division Gathers Steam

Mumbai, 6 November 2025: The shares of Ravindra Energy Limited (NSE: RELTD | BSE: 504341) surged up 10% this morning, after the company’s announcement of robust second-quarter numbers and unveiling major developments in the renewable energy and electric mobility sectors of the company.

Ravindra Energy Limited, established in Karnataka, is engaged in renewable energy generation, EPC solar solutions, and electric mobility infrastructure. Listed on NSE and BSE, the company has positioned itself as a leader in India’s transition to clean energy. Through its Energy In Motion initiative, Ravindra Energy has taken a strategic step into sustainable transportation and green technology, aligning with India’s vision for a carbon-neutral economy.

Record Q2FY26 Performance

In Q2FY26, Ravindra Energy delivered a remarkable turnaround, with consolidated revenue from operations surging over 13-fold year-on-year to ₹112.85 crore, up from ₹7.97 crore in Q2FY25. Net profit jumped to ₹30.75 crore, compared with ₹1.29 crore in the same quarter last year, driven by the strong execution of EPC projects and higher electricity generation for sale. On the company’s standalone basis, PAT stood at ₹31.72 crore, up from ₹2.14 crore a year ago.

Underpinning the company’s performance was the ramping up of renewable energy projects and the expansion of trading operations. While revenue declined sequentially from ₹156.27 crore in Q1FY26 to ₹112.85 crore in Q2FY26 owing to the timing of projects, profitability remained at a high level due to the improvement in operational efficiency and higher realizations from the contracts already in place.

Renewable Energy Expansion and Future Projects

Ravindra Energy has a total capacity of 187.3 MW powered by renewable sources as of November 2025 and is actively growing under the solar initiatives of the government and the open-access segments. It has completed 100 MW AC under Phase 1 of MSKVY and 11 MW of open-access projects. The 45 MW AC that is being built is expected to start operation by March 2026. The 182 MW AC that is under construction comprises a 120 MW order from MSEDCL and 62 MW from HESCOM.

EV Business Drives Strategic Diversification

The company’s EIM division, part of its electric vehicle ecosystem, has established two battery-swapping stations—one at JNPA Port, Navi Mumbai, and the other along NH-44, Sonepat. To date, Ravindra Energy has sold 91 electric tractors and currently has 185 units in its order book. The company has also received a Letter of Intent from a leading cement manufacturer for the transport of 50,000 MT per month using 45 e-tractors, further consolidating its logistics operations in the EV sector.

Market Performance and Financial Strength

Ravindra Energy’s share price was at ₹161.59 at 11:44 am IST, up 4.59%, thus ranking the stock among the top gainers on the NSE. The 52-week range has been between ₹93.41 and ₹191.77. The consolidated net worth of the firm has surged from ₹339 crore in March to ₹393.8 crore as of September 30, 2025, representing vibrant growth despite an increase in borrowings to ₹388.7 crore that have been utilized for the company’s solar and EV projects.

REF: https://nsearchives.nseindia.com/corporate/RAVINDRA_05112025215536_2Q_-_General_Business_update.pdf

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