RIR Power Electronics Limited announced its financial results for the quarter and financial year ended 31st March 2026 via a regulatory filing submitted to the Bombay Stock Exchange.

Financial Performance (Standalone Basis)

Full Year FY26 Performance:

  • Revenue: ₹90.87 crore, increased by 5.41% from FY25 (₹86.21 crore)
  • Adjusted EBITDA: ₹10.58 crore, decreased by 7.16% from FY25 (₹11.39 crore)
  • Adjusted EBITDA Margin: 11.64%, decreased by 158 basis points from FY25 (13.22%)
  • PAT: ₹6.72 crore, decreased by 18.81% from FY25 (₹8.28 crore)
  • PAT Margin: 7.20%, decreased by 218 basis points from FY25 (9.38%)
  • EPS (Basic): ₹0.86, decreased by 25.25% from FY25 (₹1.15)

Quarterly Performance (Q4 FY26 vs Q3 FY26 vs Q4 FY25):

  • Revenue: ₹23.95 crore (Q4 FY26) vs ₹20.27 crore (Q3 FY26) vs ₹26.46 crore (Q4 FY25)
  • QoQ Growth: +18.16%
  • YoY Growth: (9.50%)
  • Adjusted EBITDA: ₹2.46 crore (Q4 FY26) vs ₹0.86 crore (Q3 FY26) vs ₹3.44 crore (Q4 FY25)
  • QoQ Growth: +185.48%
  • YoY Growth: (28.42%)
  • Adjusted EBITDA Margin: 10.29% (Q4 FY26) vs 4.26% (Q3 FY26) vs 13.01% (Q4 FY25)
  • QoQ Change: +603 bps
  • YoY Change: (272 bps)
  • PAT: ₹1.39 crore (Q4 FY26) vs ₹0.44 crore (Q3 FY26) vs ₹2.55 crore (Q4 FY25)
  • QoQ Growth: +212.53%
  • YoY Growth: (45.54%)
  • PAT Margin: 5.55% (Q4 FY26) vs 2.15% (Q3 FY26) vs 9.43% (Q4 FY25)
  • QoQ Change: +340 bps
  • YoY Change: (388 bps)
  • EPS (Basic): ₹0.17 (Q4 FY26) vs ₹0.06 (Q3 FY26) vs ₹0.32 (Q4 FY25)
  • QoQ Growth: +190.75%
  • YoY Growth: (45.54%)

Note: Adjusted EBITDA is before considering ESOP expenses of ₹0.37 crore.

Strategic Developments

SiC Semiconductor Plant at Bhubaneswar, Odisha:

  • Cleanroom construction is completed at the Odisha facility
  • Plant and machinery installation is under progress
  • Estimated completion of installation by July end
  • Epitaxial wafer production expected to be commissioned in Q2 FY2027
  • This initiative supports the "Make in India" initiative and strengthens India's semiconductor manufacturing ecosystem

New Overseas Order:

  • First overseas order won to supply 5 kV silicon-controlled rectifier (SCR) thyristors
  • Order involves supply of 125-mm press-pack SCR devices for high-power and high-current applications
  • Order to be executed in phases with completion expected by end of 2026

Technical Innovation:

  • Developed a 25 kV–120 kA capacitor discharge vertically integrated semiconductor switch
  • Designed for high-energy pulse power systems
  • Applications include defense systems requiring controlled high-current pulses, advanced medical equipment, precision and selective directed energy technologies

Management Commentary

Dr. Harshad Mehta, Non-Executive Chairman:

  • FY26 described as a "transformative year" marked by investments in scale, efficiency, and customer relationships
  • Highlighted the development of the 25 kV–120 kA capacitor discharge semiconductor switch as a key milestone
  • Focus for FY27 remains on execution excellence, technological innovation, and value creation
  • Expressed confidence in playing a leading role in India's semiconductor ambitions

Mr. N Ramesh Kumar, Managing Director and CEO:

  • Reported strong order backlog of approximately ₹17 crore
  • Backlog provides predictable revenue visibility for coming quarters
  • Company positioned to convert order backlog into steady cash flows and strengthen operating leverage
  • Focus on scaling responsibly, enhancing efficiencies, and creating sustainable value