Unaudited Financial Results for the Quarter and Nine Months Ended 31st December, 2025.
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RIR Power Electronics posted Q3 FY26 revenue of Rs 20.27 crore, up 2% YoY from Rs 19.87 crore but down about 21% sequentially from Rs 25.64 crore in Q2 FY26. For the nine months, revenue grew 12% YoY to Rs 66.92 crore versus Rs 59.74 crore in the same period last year. Q3 net profit fell sharply to Rs 44 lakh from Rs 1.37 crore in Q3 last year and Rs 3.15 crore in the previous quarter, signalling margin pressure despite stable topline. Nine-month PAT dipped to Rs 5.33 crore from Rs 5.73 crore. The auditor (Kirtane & Pandit LLP) issued a clean limited review report. Key updates include receipt of Rs 9.7 crore (out of Rs 26 crore sanctioned) as Odisha government grant for a new project, sale of the wholly-owned subsidiary Visicon Electronics during the quarter, and approval of an ESOP plan via postal ballot in January 2026.
The sharp sequential drop in revenue and profit is a red flag that may pressure the stock in the short term, even as nine-month growth stays positive. Investors should watch margin recovery, the Odisha project ramp-up, and how the new labour code liabilities play out by March 2026.