RIR Power Electronics Q1 FY27: Revenue up 29.3% to ₹27.16 Cr, Odisha plant nears completion.
RIR Power Electronics reported Q1 FY27 revenue growth of 29.3% to ₹27.16 crore and EBITDA of ₹3.98 crore. The Odisha facility's epitaxy operations are set to begin by end of Q2 FY27, with initial revenue expected in H2 FY27. The company aims for ₹30+ crore quarterly revenue in FY27 and targets 15-17% EBITDA margins.
The announcement includes significant financial performance metrics, progress on a major new facility (Odisha plant), and strategic updates like NSE listing and new appointments, which are material to investors.
The company reported strong year-on-year revenue growth, progress on its new facility, and strategic appointments, indicating positive operational and financial performance.
RIR Power Electronics Limited announced its Q1 FY2026-27 earnings, with revenue growing 29.3% year-on-year to ₹27.16 crore. EBITDA stood at ₹3.98 crore, and Earnings Per Share (EPS) was ₹0.39 paisa per share. The company is progressing with its new facility in Odisha, which is being set up in two phases: epitaxy and packaging (Phase 1), and fabrication (Phase 2). The cleanroom construction for epitaxy is complete, and power supply infrastructure is ready. Plant and machinery installation is underway, with epitaxy operations expected to commence by the end of Q2 FY'27. The Odisha plant will initially sell epi wafers to external fabricators and later produce SiC devices. The company also recently listed on the NSE, commenced trading on July 16, 2026, and appointed Mr. Vivek Patel as an Independent Director. Additionally, Mr. Ankit Shah has been elevated to Chief Financial Officer. RIR Power Electronics secured its first overseas order for 120 numbers of 125 mm 5 kV SCR thyristors. The company also showcased its railway power electronic solutions at RailTrans Expo 2026. Management indicated a target of crossing ₹30 crore per quarter for the core business in the current fiscal year, with potential to reach ₹50 crore quarterly run rate in the next 6-9 months, excluding the Odisha plant's contribution. The total CAPEX for the Odisha plant is estimated at ₹618 crore, with Phase 1 at ₹225 crore and Phase 2 at ₹395-400 crore. Phase 1 is expected to generate revenue from the sale of epi wafers in the range of ₹12 crore to ₹15 crore for the second half of FY'27. The company aims for sustainable EBITDA margins of 15%-17% and has successfully passed on 80%-85% of input cost increases to customers. R&D spending is maintained at 8-10% of revenue, focusing on innovation in silicon carbide and silicon technologies for sectors like electric mobility, renewable energy, and railways.
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