RIR Power Electronics Ltd (RIR) Q2FY27 Concall Summary - Sep-2026 Qtr
Key Takeaways
- The SiC epitaxy plant is ready, awaiting only government clearances, with commercial production and initial revenues of INR 12-15 crore expected within 4-6 months post-approval.
- Management confirmed the current quarterly revenue of ~INR 34 crore is a sustainable base, supported by a growing order book of INR 39 crore.
- Phase 1B (packaging) will be funded by a term loan, now in its final approval stage, with no further equity dilution planned for this phase.
Performance Overview
- RIR Power Electronics reported a strong quarter with a 32.5% year-over-year revenue growth, driven by healthy demand across industrial, power, and infrastructure segments.
- The company achieved a significant milestone with the installation of state-of-the-art silicon carbide (SiC) epitaxial wafer manufacturing reactors at its Odisha facility.
- Order backlog has increased by 38.9% since March 2026, reaching INR 39 crores, indicating strong future revenue visibility.
- Profitability improved, with PAT growing 41.2% year-on-year and PAT margins expanding by 53 basis points to 12.5%.
- Management focus has shifted from securing market orders to enhancing manufacturing capabilities to ensure on-time delivery amidst a doubling order book.
Financial Metrics
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Operating Performance / Business Segments
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Key Discussions & Insights
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Outlook and Guidance
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Challenges / Concerns
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Industry / Competitive Landscape
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Overall Summary
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Tone & Disclosure
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