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Revenue
₹20.27 Cr
verified against source
Revenue YoY
—
reported change
EBITDA
₹0.86 Cr
latest reported figure
Source
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record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
RIR Power Electronics reported Q3 FY26 revenue of ₹20.27 crore and EBITDA of ₹0.86 crore, with PAT at ₹0.44 crore. The quarter was impacted by customer-driven scheduling changes, higher material costs, and new labor law provisions. Management highlighted progress at the Odisha facility, with the clean room expected by end-February and power connection targeted by March 31. The company generated ₹1 crore in revenue from silicon carbide contract manufacturing and shipped a $20,000 sample to a global distributor. A new MD/CEO, Romesh Kumar, has been appointed to drive growth. Key risks include further delays in power availability and bank debt tie-up for the Odisha project.
Colored figures show movement against the previous available record.
Guidance to track
- Clean room construction to be completed by February end or mid-March, subject to power availability.
- Once power is received, commercial production at Odisha facility will start within 90 days.
- Management targets NSE listing completion by March 31, 2026.
- In-principle approval for ₹70 crore debt expected this week, final approval by first or second week of March.
Risks flagged
- Power connection from 33 KV line is delayed due to government changes; management pushing for March 31 deadline but no guarantee.
- Negotiations for ₹70 crore debt have been ongoing for months; collateral issues previously caused delays.
- Q3 revenue was impacted by customer-driven scheduling changes, indicating potential volatility in order flow.
Key quotes
- We are the only company in India to be able to provide this component. We are by the way replacing ABB from these applications.
- I have taken three targets for internally and three targets externally. Externally is strengthening my sales organization, enhancing the reach, and strengthening the inquiry pipeline.
- We are pushing for March 31st and because by that time both our reactors will be on ground and we should be able to start qualification for the fab.
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