RattanIndia's Revenue Plummets 99% as Business Model Shifts
Revenue fell over 99% year-on-year, with a small quarterly revenue uptick failing to stem the flow of losses for the new-age holding company.
RattanIndia Enterprises reported a near-total collapse in quarterly revenue and a swing to a loss, marking a stark departure from its performance a year ago.
RattanIndia Enterprises has reported a dramatic shift in its financial performance for the first quarter of FY27, with revenue nearly vanishing and profits turning to losses. The company's core e-commerce business appears to be in a state of transition, leading to a stark contrast with the same period last year.
Revenue for Q1 FY27 came in at just ₹5.75 crore, a staggering 99.1% decline from the ₹614.25 crore reported in Q1 FY26. Sequentially, revenue did rise 35.9% from the ₹4.23 crore in Q4 FY26, but this remains a negligible figure. The company posted a net loss of ₹8.62 crore for the quarter, a 101.7% drop from the ₹514.05 crore profit a year ago. While the loss narrowed significantly from the ₹124.76 crore loss in the previous quarter, the overall picture is one of a business undergoing a fundamental change.
The last five quarters reveal the scale of this shift. After a profitable Q1 FY26, the company has reported losses for four consecutive quarters, with revenue collapsing to single-digit crore levels.
Revenue (₹ Cr)
Profit (₹ Cr)
| Metric | CurrentQ1 FY27 | PreviousQ4 FY26 | Same quarter LYQ1 FY26 |
|---|---|---|---|
| Period Ended | June 2026 | March 2026 | June 2025 |
| Revenue (₹ Cr) | 5.75YoY -99% | 4.23 | 614.25 |
| Profit (₹ Cr) | -8.62YoY -102% | -124.76 | 514.05 |
Key Points
- Trailing Performance: The last twelve months (TTM) show cumulative revenue of ₹19.2 crore and a total loss of ₹704.66 crore.
- Stock Price Pressure: The financial transition has weighed on the stock, which is down 40.5% over the past year and trades at a significant premium to its industry peers.
- Annual Context: For the full year FY25, the company reported a healthy net profit margin of 57.7%, highlighting how recent quarters represent a sharp departure from past profitability.
The challenge for RattanIndia is to demonstrate a viable path to revenue generation and profitability from its new-age portfolio of electric vehicles, drones, and fintech, after the apparent scaling back of its dominant e-commerce vertical.
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· RTNINDIA
(BSE)
ISIN: INE834M01019
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