Press/ Earnings Release on the subject RIR Power Electronics Limited Announces Q1 FY26 Results
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RIR Power Electronics reported flat Q1 FY26 results with revenue holding steady at ₹21.01 crore versus ₹21.05 crore in Q1 FY25. However, profitability took a hit — EBITDA fell to ₹2.89 crore (margin 13.75% vs 16.02%), and profit after tax dropped sharply to ₹1.74 crore from ₹2.83 crore, a decline of about 38%. Basic EPS came in at ₹2.26 versus ₹4.06 last year, partly impacted by the recent bonus and stock split. On the strategic front, the Board approved listing on NSE, the Odisha government cleared fiscal support for the company's ₹618 crore Silicon Carbide (SiC) semiconductor plant in Bhubaneswar, and a committee was set up to formulate an ESOP scheme. The company completed a 1:1 bonus issue and 5:1 stock split during July 2025. Management called it a 'strategic investment phase' with margin recovery expected as recent capex starts contributing.
Near-term sentiment is likely mixed — flat revenue and a significant drop in profits signal margin pressure, which may weigh on the stock. However, government-backed semiconductor expansion, NSE listing approval, and improved share liquidity post-split could support longer-term investor interest.