Rattanindia Enterprises (REL), a prominent company establishing businesses in new-age industries like as e-commerce, fintech, drone solutions, and electric motorbikes, has released its financial results for the quarter and full year ending March 31, 2022.
Highlights of the performance For the fourth quarter of FY 22, the total consolidated profit was Rs. 565 crore.
All of the core businesses are generating revenue in accordance with the company plan.
Cocoblu’s ecommerce business has grown dramatically: YTD revenue of Rs. 400 crore (including REL’s consolidated revenue): Rs. 389 crore in Q1 FY23 (till May 29, 2022); Rs. 11 crore in Q4 FY22 19,000+ PIN Codes serviced across India499 major businesses have already signed up.
To reach 600 by the second quarter of FY2340 lakhs+ orders fulfilled15 lakhs+ unique items stocked and sold On the Amazon marketplace, I received four-star reviews.
To present, BankSe has disbursed 1,043 loans worth a total of Rs. 25 crore or more.
With the purchase of a 60% ownership in Throttle Aerospace (TAS), NeoSky has begun its revenue journey. Revolt’s revenue for FY22: Rs. 160 crore (does not get added to REL consolidated financials since Revolt is an associate)
“Our performance throughout the time fully depicts the growth of our business mix,” Anjali Rattan Nashier, Business Chairperson of RattanIndia Enterprises Limited, said of the results.
We’re scaling up as planned, capitalizing on a huge opportunity highlighted by India’s evolving consumer dynamics. Our desire to make a lasting impression in the business is only matched by our development in terms of delivering performance. Each of our verticals has witnessed a frenetic build-out of capabilities, guided by industry experts who are well-versed in new-age ways.
We’re proud with what we’ve accomplished thus far.” We’ve witnessed an increase in volume across Cocoblu in line with segments of operation. Our teams are dedicated to providing world-class service to brands and partners, assisting them in realizing their full potential on prominent e-commerce platforms. Our journey has only just begun, and we expect the pace of growth to pick significantly.
BankSe is establishing a strong consumer brand as India’s leading fintech intermediary, with the model poised to grow quickly in the future. Our NeoSky company is preparing to launch full-fledged drone solutions, including domestic manufacture. With the acquisition of a controlling share in TAS, we are now at the forefront of this rapidly growing industry. “We’re building a successful ecosystem, and we feel we have the proper ingredients and resources to turn our vision become reality. All of our businesses will experience multi-levered growth in the future “..