Press Release on the subject "RIR Power Electronics Limited announces Q3 FY26 Results."
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RIR Power Electronics reported weak Q3 FY26 results, with revenue at ₹20.27 crore (down ~21% QoQ but up 2% YoY). EBITDA fell sharply to ₹0.86 crore (down 80% QoQ) with margins compressing to 4.26% from 17.01% in the previous quarter. Profit after tax dropped to ₹0.44 crore (down ~86% QoQ) and EPS stood at ₹0.06. For the 9-month period, revenue grew 12% YoY to ₹66.92 crore, though full-year PAT declined ~7% YoY. Management blamed the weak quarter on customer-driven order rescheduling, new labour codes, and higher raw material costs, while expecting a recovery ahead. Key updates include the appointment of Mr. N. Ramesh Kumar as MD & CEO, nearing completion of the SiC semiconductor clean-room facility in Odisha by end-February 2026, and shareholder approval of the ESOP 2025 plan.
Sharp sequential decline in profitability is likely to weigh negatively on the stock in the near term, despite management's outlook for recovery. Long-term positives remain: new leadership, the upcoming Odisha SiC plant, and the ESOP scheme signal a strategic growth push that investors may monitor closely.