Ravindra Energy Ltd. · NSE:RELTD
Ravindra Energy — Investor Presentation (September 2025)
30 slides from Ravindra Energy's investor presentation, Sep 21, 2025
Slide 1: Regulation 30 intimation letter to stock exchanges
September 20, 2025 To, Dept. of Corporate Services, National Stock Exchange of India Limited BSE Limited Exchange Plaza, Plot No. C/1, Phiroze Jeejeebhoy Towers, G Block, Bandra-Kurla Complex, Dalal Street, Mumbai- 400001, Bandra (E) Mumbai - 400 051, Maharashtra, India. Maharashtra, India. Scrip Co
Slide 2: Ravindra Energy Limited Corporate Presentation September 2025
RAVINDRA ENERGY LIMITED Corporate Presentation- September, 2025
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Ravindra Energy Limited (the “Company”) solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities and shall not f
Slide 4: Company's Snapshot
Company’s Snapshot Business Verticals Renewable Electric Energy Business Vehicle Business • Establishing nationwide network of Charging cum Battery Swapping Stations Rs 250 Cr Service / • Distributed Renewable Product Offering Energy Generation • Assembly of Electric Tractors and Batteries Revenue •
Slide 5: Business Updates: Renewable Energy Business
Business Updates Renewable Energy Business
Slide 6: Key Management Team: RE Business
Key Management Team: RE Business Dr Vidya Murkumbi Shantanu Lath Yash Marwari Vikas Pawar Chairperson and Director - REL Chief Executive Officer & Director - REL Business Development Head - REL Chief Financial Officer • Co-Founder of Shree Renuka • 20+ years of corporate experience • 12+ years of ex
Slide 7: Renewable Energy Business: Summary
Renewable Energy Business: Summary We are a Renewable Energy Developer We focus on distributed solar (smaller plants; multiple locations) • We sell Renewable Energy against long term • Government: rural feeder level solarization power purchase agreements • Corporate & Industrial consumers: open acce
Slide 8: Rural Feeder Solarization: Opportunity Rationale
Rural Feeder Solarization: Opportunity Rationale Policy Direction Key issues with rural supply and consumption • Install small solar projects at rural substations- cap the • Increasing revenue subsidy burden on the state cost of supply for long term and provide energy during utilities the day a • El
Slide 9: Rural Feeder Solarization: Project Snapshot
Rural Feeder Solarization: Project Snapshot Operating projects # of Locations Capacity (in MWp) Maharashtra 17 117 Under Construction projects # of Locations Capacity (in MWp) 17 76 Operating projects Karnataka # of Locations Capacity (in MWp) 14 34 Corporate Presentation 2025 8
Slide 10: Corporate Business: Key Driver
Corporate Business: Key Driver Annual installation of solar open access projects in India was 6.9 GW in CY 2024 Solar Open Access Installations in MW 6,900 3,900 3,900 3,300 1,700 683 Till CY 2019 CY 2020 CY 2021 CY 2022 CY 2023 CY 2024 Solar Open Access Installations in MW Hedge against inflation i
Slide 11: Corporate Business: Project Snapshot
Corporate Business: Project Snapshot Developed 700 MWp RE Parks in Rajasthan, Long term PPA under group captive model Maharashtra and Karnataka • Sold the portfolio to iSquared Capital and others • 11 MWp PPA signed with multiple C&I customers • Clients included Hyundai Construction Equipment Pvt. L
Slide 12: Existing Portfolio
Existing Portfolio Sr. Project Name Offtaker Capacity (in MWp) COD/SCOD Net Avg. Tariff (Rs/unit) A Operating 1 Karnataka Karnataka DISCOMs 34.15 Aug-2017 7.16 2 Rooftop Multiple Pvt Consumers (MH & KA) 5.08 2018-2025 3.50 - 7.50 3 Wind Asset1 Private Consumer (Maharashtra) 1.25 Mar-2006 3.50 - 4.50
Slide 13: Earnings Guidance
Earnings Guidance Particulars UoM FY 2025 FY 2026 FY 2027 FY 20281 Operating Capacity at the start of the FY (in MWp) 40.1 64.3 244.5 502.0 Operating Capacity added during the FY (in MWp) 24.2 180.3 257.5 - Revenue from Electricity Generation2 (in Rs Cr) 71.9 80.8 144.9 266.6 Revenue from EPC (in Rs
Slide 14: Business Updates: Electric Vehicle Business
Business Updates Electric Vehicle Business (49.5% held by Ravindra Energy Limited)
Slide 15: Key Management Team: EV Business
Key Management Team: EV Business Narendra Murkumbi Mahesh Keskar Amit Agarwal CEO and Managing Director – EIM Senior Vice President – Manufacturing President – Sales & Marketing • Vice Chairman of Ravindra Energy • 30+ years of experience in Mfg. in • 32+ years of experience in sales & Limited autom
Slide 16: Key Management Team: EV Business
Key Management Team: EV Business Kapil Baidya Munjal Savla Basavaraj Koraddi Vice President & Head – Battery Technology General Manager – Technology Senior General Manager – Aftersales Service • 30+ years of experience in R&D • 10+ years of experience in • 18+ years of experience in after- and engin
Slide 17: Our Strategy in EV Business
Our Strategy in EV Business EIM strategy is based on: High performance & reliable vehicles from a 01 strong OEM partner 02 Swapping & charging stations in easy reach Arranging financing for customers on par with 03 diesel vehicle financing 100% renewable energy solutions for charging 04 the EVs Buil
Slide 18: Our Business Model
Our Business Model Sale of e-Tractors Battery as a Service Battery pack Ownership Corporate Bare e-Tractor Charging / Swapping Or Infrastructure Ownership Transporters End to end supply of green energy Corporate Presentation 2025 17
Slide 19: Opportunity size: Learning from China's experience
Opportunity size: Learning from China’s experience Market share of Electric Trucks amongst heavy Heavy Duty Truck market size in India duty trucks in China has increased from 5% in CY 2023 to 25% in June 2025 ✓Heavy Duty Trucks sold in India in CY 2024: 2,69,013 Units ✓Sales of 55 T GVW HDT in CY 20
Slide 20: Unit Economics of EV are already compelling
Unit Economics of EV are already compelling Diesel Tractor EIM e-Tractor Sale Price without battery (in Rs) 31,00,000 63,00,000 Variable costs per km for the user (in Rs) 39.2 28.0 Usage per month (in kms) 6,000 6,000 Variable costs per month (in Rs) 2,35,200 1,68,000 Savings per month over Diesel T
Slide 21: Our Technology partner: FOTON
Our Technology partner: FOTON China-based FOTON is one of the largest Key tenets of CV manufacturers in the world the Agreement It sold over 600,000 CVs last year globally. 6 years of exclusivity to market, assemble and distribute electric heavy duty commercial (cargo) In comparison, Tata Motors has
Slide 22: Current Status
Current Status • 6 vehicles operating in JNPT • Issued the first invoice for 1 e-Tractor • Signed MoU with Government of for last 9 months on trial. on 01st August 2025. Maharashtra to set up our assembly plant in Pune. • Successfully completed • Order booked for 125 e-Tractors. homologation of our
Slide 23: Battery Swapping Station: Key advantages
Battery Swapping Station: Key advantages Battery Swapping cum Charging Charging Swapping station ensures increased productivity and Swapping time < 8 mins Battery charging time > 75 mins efficiency, saving time, cost and space Simultaneous charging cum swapping of Single vehicle per charging gun 4 v
Slide 24: Battery Tech Strategy
Battery Tech Strategy EIM aims to develop deep expertise in battery design and life-cycle management Our vehicles use battery packs from CATL - World’s foremost producer. We have established direct techno-commercial relationship with CATL. Battery cells expected to be imported for the foreseeable fu
Slide 25: Earnings Guidance
Earnings Guidance FY 2026 FY 2027 Annual Deployment Tractor Sales 400 - 600 Units 1000 - 1500 Units Swap Stations 8 - 10 Units 20 - 30 Units Sale Price Tractors Sale Price Rs 63 Lakhs Rs 60 Lakhs BaaS Revenue per Tractor per year Rs 15 - 20 Lakhs Rs 15 - 20 Lakhs Capex per Swap Station Rs 35 - 40 La
Slide 26: Historical Financial Performance
Historical Financial Performance
Slide 27: Consolidated: Profit and Loss Statement
Consolidated: Profit and Loss Statement Particulars (All amounts are in Rs Crs. except otherwise stated) FY23 FY24 FY25 Revenue from Operations 252.63 130.97 250.42 COGS 194.79 58.94 154.1 Gross Profit 57.84 72.02 96.32 Total Expenditure 44.37 38.98 53.89 EBITDA 13.47 33.05 42.43 EBITDA Margins (%)
Slide 28: Consolidated: Balance Sheet
Consolidated: Balance Sheet Particulars (in Rs Crs.) FY23 FY24 FY25 Particulars (in Rs Crs.) FY23 FY24 FY25 Equity Non-Current Assets Equity share capital 137.68 154.48 178.80 317.57 Property plant and equipment 187.27 257.03 Instruments entirely equity in nature 17.50 2.30 0.00 Intangible Assets 0.
Slide 29: Management Team
Management Team Board of Directors Non - Executive Directors Mr. Narendra Murkumbi Mr. Sidram Kaluti Vice Chairman Mrs. Vidya Murkumbi Mr. Shantanu Lath Executive Chairperson Chief Executive Officer Independent Directors Mr. Ramesh Mr. Robert Mrs. Poonam Mr. Vinay Abhishek Taylor Lahoty Namjoshi Key
Slide 30: Thank You
Thank You For further information, please get in touch with: Madhukar R Shipurkar madhukar.shipurkar@ravindraenergy.com Monali Jain: Investor Relations monali@GoIndiaadvisors.com Sheetal Khanduja: Investor Relations sheetal@GoIndiaadvisors.com
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