Synopsis: Ravindra Energy posted strong YoY revenue and profit growth in Q3 FY26, but modest QoQ revenue growth and earnings volatility may have triggered profit booking, leading to stock weakness.
This Mukul Agrawal Stock, engaged in selling solar pumps, developing rooftop and ground-mounted solar power plants, generating renewable energy, and trading commodities like coal and sugar, fell by 8.66 percent despite the company reporting December quarterly results with a 139.41 percent revenue growth and 575 percent profit growth.
With a market capitalization of Rs. 2,733.67 crores, the share of Ravindra Energy Limited has reached an intraday low of Rs. 143.90 per equity share, down nearly 8.66 percent from its previous day’s close price of Rs. 157.55. Since then, the stock has retreated and is currently trading at Rs. 153.10 per equity share.
Q3 FY26 Result Walkthrough:
Coming into the quarterly results of Ravindra Energy Limited, the company’s consolidated revenue from operations increased by 139.31 percent YOY, from Rs. 53.14 crore in Q3 FY25 to Rs. 127.17 crore in Q3 FY26.
Looking at quarterly performance, Ravindra Energy Limited has shown revenue growth, but the improvement has not been very strong. The company’s revenue was Rs. 53.14 crore in Q3 FY25, increasing to Rs. 159 crore in Q4 FY25 and Rs. 163 crore in Q1 FY26, before declining by around 26.38 percent to Rs. 120 crore in Q2 FY26.
In the latest quarter, the company’s revenue grew only 5.68 percent QoQ from Rs. 120.33 crore. Due to this modest growth and recent volatility in earnings, investors may be booking profits after the Q3 FY26 results, which could be the reason for the stock’s recent decline.
Ravindra Energy Limited generated 97.12 percent of its revenue from the Solar Segment and 2.88 percent from the Trading Segment in Q3 FY26.
In Q3 FY26, Ravindra Energy Limited’s consolidated net profit increased by 574.65 percent YOY, reaching Rs. 14.64 crore compared to Rs. 2.17 crore during the same period last year. As compared to Q2 FY26, the net profit has increased by 52.45 percent, from Rs. 30.79 crore.
The basic earnings per share increased by 471.43 percent and stood at Rs. 0.80 as against Rs. 0.14 recorded in the same quarter in the previous year, FY2025.
In terms of return ratios, the company’s ROCE and ROE stand at 9.53 percent and 10.8 percent, respectively. Ravindra Energy Limited has an earnings per share (EPS) of Rs. 4.54, and its debt-to-equity ratio is 0.98x.
Business Development:
Ravindra Energy Limited is expanding its renewable energy portfolio with 158 MWp of operational solar capacity, while 87 MWp is under construction and 258 MWp is under development, reflecting strong growth plans in the solar power segment.
The company is also diversifying into electric mobility. It has completed homologation for 55-ton EV tractors, sold 125 EV tractors, and is in the process of setting up an EV assembly plant in Pune, strengthening its presence in the EV ecosystem.
In September 2025, Ravindra Energy Limited had a majority stake held by the promoters at 64.77 percent, foreign institutional investors at 2.59 percent, domestic institutional investors at 1.91 percent, and the public at 30.73 percent. Ace investor Mukul Agrawal, under his name, holds a 1.21 percent stake in Ravindra Energy Limited, valued at Rs. 33.1 crores, consisting of 21,62,162 shares.
Ravindra Energy Limited was established on May 28, 1980, originally as Ravindra Trading and Agencies Limited. The company specializes in renewable energy solutions, focusing on developing and installing solar-powered systems across India. The company engages in selling solar irrigation pumps, constructing rooftop and ground-mounted solar power plants, and generating clean energy for sale to utilities and consumers.
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