Under Rs 100: EV Company Enters Sri Lanka, Marking First International Launch of Its Electric Motorcycles – Operating Profit surged by 51,450 Per cent from Rs 2 Crore to Rs 1,031 Crore!
The company’s shares have delivered an impressive return of over 3400 per cent in the past 5 years.
RattanIndia Enterprises Ltd’s Revolt Motors, India's top electric motorcycle manufacturer, has announced its entry into the Sri Lankan market through a partnership with Evolution Auto Pvt Ltd, a key player in the country's automotive industry. Following a successful showcase at the Colombo EV Expo, Revolt received a warm reception from Sri Lanka’s growing electric vehicle community.
The company plans to revolutionize Sri Lankan mobility with its advanced, AI-enabled electric motorcycles, offering customizable sound profiles, riding modes, and performance monitoring through the Revolt App. Catering to both thrill-seekers and daily commuters, Revolt's motorcycles combine speed, comfort, and eco-friendly technology in vibrant colors.
As part of its expansion strategy, Revolt Motors will open 15 dealerships within four months, aiming to reach 90 by 2029. The company's 3S service model will ensure top-tier support, bringing the same high standards of quality and service that have earned Revolt a trusted name in India.
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Currently, the shares of RattanIndia Enterprises Ltd are at around Rs 80.98 per share on the BSE. The company’s current market capitalization stands at Rs 11,193 crore. Additionally, the shares have delivered an impressive multibagger return of over 3450 per cent in the past 5 years.
As per the Quarterly Results, in the Q1 FY25, RattanIndia Enterprises Ltd recorded a revenue of Rs 2494 crore compared to Rs 1268 crore representing a growth of 97 per cent YoY. The operating profit stood at Rs 1031 crore compared to Rs 2 Crore. The net profit stood at Rs 851 crore compared to a profit of Rs 178 crore.
According to the shareholding pattern of the company, the promoters hold a significant 74.86 per cent stake. Public investors own 16.55 per cent of the shares, while Foreign Institutional Investors (FIIs) hold 8.42 per cent and Domestic Institutional Investors (DIIs) own 0.07 per cent.
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Disclaimer: The article is for informational purposes only and not investment advice.