SiC Contract Manufacturing Revenue
₹1 crore
New
Revenue from silicon carbide contract manufacturing in Q2-Q3 FY26.
RIRPOWERELECTRONICS
Energy
11 Feb 2026
RIR Power Electronics Ltd — Q3 FY26
RIR Power Electronics reported Q3 FY26 revenue of ₹20.27 crore and EBITDA of ₹0.86 crore, with PAT at ₹0.44 crore.
Financial stats pending filing verification
2-Minute Summary
✦ AI-Generated from Full Transcript
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.
Key Numbers
International Sample Order
$20,000
New
First international shipment to Richardson Electronics for evaluation.
Odisha Phase 1 Capex
₹225 crore
Ongoing
Total capex for phase one of the Odisha facility, 50% funded by government.
Bank Debt Tie-up
₹70 crore
Pending
Negotiating debt financing for Odisha phase one; in-principle approval expected this week.
Management Guidance
Odisha clean room ready by end-February 2026
Clean room construction to be completed by February end or mid-March, subject to power availability.
Management guidance expansionCommercial production 90 days after power
Once power is received, commercial production at Odisha facility will start within 90 days.
Management guidance growthNSE listing by March 31, 2026
Management targets NSE listing completion by March 31, 2026.
Management guidance otherBank debt approval by March 2026
In-principle approval for ₹70 crore debt expected this week, final approval by first or second week of March.
Management guidance capexKey Risks
Power availability delay at Odisha
Power connection from 33 KV line is delayed due to government changes; management pushing for March 31 deadline but no guarantee.
high · management_commentaryBank debt tie-up uncertainty
Negotiations for ₹70 crore debt have been ongoing for months; collateral issues previously caused delays.
medium · analyst_questionRevenue moderation from order realignment
Q3 revenue was impacted by customer-driven scheduling changes, indicating potential volatility in order flow.
medium · data_observationNotable 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.
Frequently Asked Questions
What was RIR Power Electronics's revenue in Q3 FY26?
RIR Power Electronics reported revenue of ₹20 Cr in Q3 FY26, representing a — change compared to the same quarter last year.
What guidance did RIR Power Electronics management give for FY27?
Odisha clean room ready by end-February 2026: Clean room construction to be completed by February end or mid-March, subject to power availability. Commercial production 90 days after power: Once power is received, commercial production at Odisha facility will start within 90 days. NSE listing by March 31, 2026: Management targets NSE listing completion by March 31, 2026. Bank debt approval by March 2026: In-principle approval for ₹70 crore debt expected this week, final approval by first or second week of March.
What are the key risks for RIR Power Electronics in FY27?
Key risks include Power availability delay at Odisha — Power connection from 33 KV line is delayed due to government changes; management pushing for March 31 deadline but no guarantee.; Bank debt tie-up uncertainty — Negotiations for ₹70 crore debt have been ongoing for months; collateral issues previously caused delays.; Revenue moderation from order realignment — Q3 revenue was impacted by customer-driven scheduling changes, indicating potential volatility in order flow..
Did RIR Power Electronics meet its previous quarter's guidance?
Scorecard data is being built as historical quarters are processed.
Where can I read the full RIR Power Electronics Q3 FY26 concall transcript?
The full earnings conference call transcript or source release is available on the linked source material. This page provides an AI-generated summary with filing verification status shown on the financial stats.