RIR Power Electronics reported a 41.2 per cent rise in net profit to ₹4.45 crore for the quarter ended September 30, 2026. Revenue grew 32.5 per cent to ₹33.98 crore. Despite these strong results, the stock fell to a 52-week low of ₹144.68 on the NSE on October 27.
Revenue from operations grew 32.5% year-on-year to ₹33.98 crore in Q2 FY27, compared to ₹25.64 crore in the same quarter last year
RIR Power Electronics Limited reported a 41.2 per cent year-on-year rise in net profit to ₹4.45 crore for the second quarter ended September 30, 2026. The company stock closed at a 52-week low of ₹144.68 on the NSE on Tuesday.
Revenue from operations grew 32.5 per cent year-on-year to ₹33.98 crore in Q2 FY27, compared to ₹25.64 crore in the same quarter last year.
Sequentially, revenue rose 25.1 per cent over Q1 FY27's ₹27.16 crore. PAT margin expanded to 12.50 per cent from 11.97 per cent a year earlier, an improvement of 53 basis points.
On the capital expenditure front, the company completed the erection and installation of Silicon Carbide (SiC) Epitaxial Wafer manufacturing reactors at its Bhubaneswar facility in Odisha this quarter.
The readiness of the facility was witnessed by senior Odisha state government officials in September. Commercial production is expected to commence in Q3 FY27, pending regulatory and statutory clearances. The Odisha project is being executed in two phases -- epitaxy and packaging first, followed by fabrication.
Managing Director and CEO N. Ramesh Kumar said the company remains committed to sustainable growth despite geopolitical uncertainties and cost pressures.
Despite the strong earnings performance, RIR's stock fell 2.29 per cent to close at ₹144.68 on October 27, touching its 52-week low of ₹142.10 intraday. The stock has declined over 23 per cent in the past month. Total market capitalisation stood at approximately ₹1,151 crore.