Risk Intelligence
Power availability delay at Odisha
View Risks →RIR Power Electronics reported Q3 FY26 revenue of ₹20.27 crore and EBITDA of ₹0.86 crore, with PAT at ₹0.44 crore.
✓ Verified against BSE filing
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.
Power availability delay at Odisha
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Read Transcript →Revenue from silicon carbide contract manufacturing in Q2-Q3 FY26.
First international shipment to Richardson Electronics for evaluation.
Total capex for phase one of the Odisha facility, 50% funded by government.
Negotiating debt financing for Odisha phase one; in-principle approval expected this week.
Clean room construction to be completed by February end or mid-March, subject to power availability.
Power connection from 33 KV line is delayed due to government changes; management pushing for March 31 deadline but no guarantee.
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