RIR Power Electronics reports a significant surge in first-quarter profits driven by increased revenue, new overseas orders, and strategic expansion into silicon carbide manufacturing, signalling a robust growth trajectory in high-power semiconductor markets.
RIR Power Electronics Limited reported a sharp rise in first-quarter profit and revenue, helped by stronger operating performance and improving margins as it expanded in high-power semiconductor devices.
The Mumbai-based company said standalone revenue climbed 29.28% year on year to ₹27.16 crore in the quarter ended June 30, up from ₹21.01 crore a year earlier. Profit after tax increased 80.59% to ₹3.14 crore from ₹1.74 crore, while adjusted EBITDA rose 62.87% to ₹4.71 crore. The EBITDA margin widened to 17.32% from 13.75% a year earlier and the PAT margin improved to 11.23% from 8.14%.
On a sequential basis, the improvement was even more pronounced. Profit after tax more than doubled from ₹1.39 crore in the previous quarter, reflecting what appears to be a stronger run-rate heading into the new fiscal year.
The results come as RIR is pushing ahead with broader strategic moves. According to the company, it has secured its first overseas order for 120 units of 125mm 5kV SCR thyristors, with completion expected by the end of 2026. The order is a notable step beyond its domestic business and comes as the company builds out a silicon carbide, or SiC, manufacturing plant in Odisha.
RIR has also been active on the industry and technology front. It showcased railway power electronics solutions at RailTrans Expo 2026 in New Delhi and had two research papers selected for IEEE MWSCAS 2026 in collaboration with Silicon University, both focused on SiC semiconductor technology. Managing Director N Ramesh Kumar said the company will focus on sustaining profitable growth while expanding its semiconductor portfolio, particularly in SiC technologies.
The latest earnings also follow a busy corporate patch. The company appointed Ankit Shah as chief financial officer and added Vivek Patel as a non-executive independent director. Shah, a chartered accountant, brings more than 15 years of experience in mergers and acquisitions, restructuring and regulatory matters.
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