Shares of RattanIndia Power slumped 6% on July 26th after the company reported increased losses and narrowing margins for the June quarter. Revenue grew only 1% while net loss was Rs 549.36 crore, up from Rs 389.3 crore in Q1 FY24. The EBITDA margin contracted to 18.5%, attributed mainly to higher fuel, power and labour costs. In the past three months, the stock has shot up by 60%.