Financial Performance Summary (Standalone Basis)

Key Financial Metrics (Amount in ₹ crore, except EPS):

| Metric | Q2 FY27 | Q2 FY26 | YoY Change | Q1 FY27 | QoQ Change |

| Revenue | 33.98 | 25.64 | +32.51% | 27.16 | +25.10% |

| Adjusted EBITDA* | 5.66 | 4.36 | +29.67% | 4.71 | +20.22% |

| Adjusted EBITDA Margin* | 16.65% | 17.01% | -36 bps | 17.32% | -67 bps |

| PAT | 4.45 | 3.15 | +41.2% | 3.14 | +41.72% |

| PAT Margin | 12.50% | 11.97% | +53 bps | 11.23% | +127 bps |

| Basic EPS (₹) | 0.56 | 0.47 | +18.92% | 0.39 | +41.73% |

*Adjusted EBITDA is before considering ESOP expenses of ₹1.03 crore in Q2 FY27 and ₹0.72 crore in Q1 FY27.

Strategic Developments

Odisha Facility Progress:

  • The project is being executed in two phases: Phase 1 (Epitaxy & Packaging) and Phase 2 (Fabrication)
  • Clean room construction and infrastructure for 33kV power supply lines were completed in Q1 FY27
  • In Q2 FY27, erection and installation of state-of-the-art Silicon Carbide (SiC) Epitaxial Wafer manufacturing reactors was completed
  • This marks progress toward establishing India's first vertically integrated SiC semiconductor production facility in Odisha
  • Senior officials of the Odisha state government witnessed the facility readiness in September 2026
  • Essential power connections, utilities, and supporting infrastructure have been commissioned and are in place
  • The facility is expected to commence commercial production in Q3 FY27 upon completion of remaining statutory and regulatory formalities

Business Focus:

  • Continued focus on new product development for Railway and Power sectors to sustain current growth trajectory
  • Company serves railway, defence, and satellite technology sectors with commitment to building indigenous capabilities

Management Commentary

Dr. Harshad Mehta, Non-Executive Chairman:

  • Q2 FY27 performance reflects steady progress in operational revenue and profitability
  • Installation of SiC epitaxial wafer manufacturing reactors advances India's semiconductor capabilities and strengthens Make in India initiative
  • Government's continued support and enabling policy environment are encouraging progress
  • Company maintains comfortable liquidity and strengthening balance sheet
  • Focus remains on developing new products and creating sustainable long-term value for stakeholders

Mr. N Ramesh Kumar, Managing Director and Chief Executive Officer:

  • Revenue from operations grew 32.5% year-on-year
  • PAT rose 41.2% to ₹4.44 crore with margin expansion from 11.97% to 12.50%
  • Progress achieved despite ongoing geopolitical uncertainties and cost pressures
  • Committed to building on performance and pursuing steady, sustainable growth
  • Bhubaneshwar facility installation completed and company remains on schedule for Q3 FY27 operations commencement

Company Background

RIR Power Electronics Limited is a global pioneer in high-power semiconductor solutions driving innovation and energy efficiency. The company's portfolio includes high-performance semiconductor devices, assemblies, and energy management systems serving evolving demands of modern energy systems.