Ravindra Energy Limited — PPTs, 21-09-2025: Investor Presentation

Ravindra Energy is actively expanding its Renewable Energy (RE) and Electric Vehicle (EV) ventures.

**Business Performance:** For FY25, the company posted Rs 250.4 Cr revenue, Rs 42.4 Cr EBITDA, and Rs 21.8 Cr net profit (EPS Rs 1.32). The RE segment boasts 158 MWp operational capacity, targeting distributed solar for rural and industrial clients. In EV, 55T e-tractor homologation is complete.

**Growth Drivers & Strategy:** RE aims for 1 GW operating capacity by March 2028, capitalizing on rural solarization and corporate demand for clean energy and cost savings. EV strategy centers on high-performance vehicles, a widespread swapping/charging network, and accessible financing, aiming to lead heavy commercial EV transport with compelling user savings.

**Recent Developments:** RE has 117 MWp operating in Maharashtra, with an additional 75.57 MWp under commissioning. In EV, 125 e-tractors are booked, with 100 units delivering this month. An assembly plant in Pune is set for a June 2026 rollout, backed by ICICI Bank financing for batteries and swap stations.

**Key Financial Metrics:** RE business forecasts strong growth, projecting Rs 515.8 Cr revenue in FY26 and Rs 800.6 Cr in FY27. EV anticipates 400-600 tractor sales and 8-10 swap stations in FY26, with Battery-as-a-Service (BaaS) showing high EBITDA margins of 50-70%.

**Management Outlook:** Leadership expects e-tractor prices to fall and believes the expanding battery swapping network will significantly boost customer adoption, driving future sales and supporting the 1 GW RE target.