RattanIndia Power registers record Rs 104 cr profit on back of dues payment

Bottom line surges over 3x year-on-year; company claims 'complete resurrection of business' two years after debt recast

RattanIndia Power Ltd (RPL) which concluded the debt restructuring of its Amravati thermal power plant in 2019, has registered a record high profit, which the company said is due to higher earnings from dues payment and sale of power.

RPL posted a net profit of Rs 104.44 crore during the third quarter of FY2021-22 (Q3FY22), as against net profit of Rs 33.44 crore during the corresponding period of FY21. The company’s EBITDA stood at Rs 298.72 crore during Q3 of the current fiscal.

Speaking with Business Standard, Vibhav Agarwal, managing director, RPL said, the company has started recovering regulatory assets