RIR Power Electronics reports FY26 PAT of ₹6.72 crore
RIR Power Electronics Limited reported a net profit of ₹6.72 crore for FY26, a decrease of 18.81% YoY, while revenue increased by 5.41% to ₹90.87 crore. For Q4 FY26, net profit surged 212.53% QoQ to ₹1.39 crore, driven by operational efficiency, despite a 9.50% YoY decline in revenue. The company completed cleanroom construction at its Odisha plant, secured its first overseas SCR order, and developed a high-power semiconductor switch for defense applications.
*this image is generated using AI for illustrative purposes only.
RIR Power Electronics Limited reported a net profit of ₹6.72 crore for the financial year ended March 31, 2026, a decrease of 18.81% from ₹8.28 crore in the previous year. Revenue from operations for FY26 stood at ₹90.87 crore, an increase of 5.41% compared to ₹86.21 crore in FY25. The company's Adjusted EBITDA for the year was ₹10.58 crore, with a margin of 11.64%, reflecting a contraction of 158 basis points year-on-year.
For the quarter ended March 31, 2026 (Q4 FY26), the company reported a net profit of ₹1.39 crore, a significant increase of 212.53% quarter-on-quarter from ₹0.44 crore in Q3 FY26. Revenue from operations in Q4 FY26 was ₹23.95 crore, up 18.16% quarter-on-quarter. On a year-on-year basis, Q4 net profit declined by 45.54% from ₹2.55 crore, while revenue decreased by 9.50% from ₹26.46 crore. The Adjusted EBITDA for Q4 FY26 was ₹2.46 crore, with a margin of 10.29%.
Strategic Developments
The company announced that construction of the Cleanroom at its SiC Semiconductor Plant in Bhubaneswar, Odisha, is completed. Plant and machinery installation is in progress and estimated to be finished by the end of July 2026. Epitaxial wafer production is expected to be commissioned in the second quarter of FY27. Additionally, RIR Power Electronics secured its first overseas order to supply 5 kV silicon-controlled rectifier (SCR) thyristors, with execution expected by the end of 2026.
The company also achieved a technical milestone by developing a 25 kV–120 kA capacitor discharge vertically integrated semiconductor switch. This device is designed for high-energy pulse power systems, with applications in defense, medical equipment, and directed energy technologies.
Management Commentary
Dr. Harshad Mehta, Non-Executive Chairman, described FY26 as a transformative year focused on scale and efficiency. Mr. N Ramesh Kumar, Managing Director and CEO, highlighted a strong order backlog of approximately ₹17.5 crore, which provides revenue visibility and reinforces the resilience of the business model.
| Metric | Q4 FY26 (₹ in cr) | Q3 FY26 (₹ in cr) | Q4 FY25 (₹ in cr) | FY26 (₹ in cr) | FY25 (₹ in cr) |
|---|---|---|---|---|---|
| Revenue | 23.95 | 20.27 | 26.46 | 90.87 | 86.21 |
| Net Profit | 1.39 | 0.44 | 2.55 | 6.72 | 8.28 |
| Adjusted EBITDA | 2.46 | 0.86 | 3.44 | 10.58 | 11.39 |
| Basic EPS (₹) | 0.17 | 0.06 | 0.32 | 0.86 | 1.15 |
Historical Stock Returns for RIR Power Electronics
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.34% | -4.12% | -7.05% | -22.17% | -37.69% | +3,151.50% |
What is the projected revenue contribution from the SiC Semiconductor Plant once epitaxial wafer production is commissioned in Q2 FY27?
How will the successful development of the 25 kV–120 kA semiconductor switch translate into commercial orders for defense and medical applications?
What strategies will be implemented to reverse the year-on-year decline in net profit margins amidst rising operational costs?
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