RIR Power Electronics Limited has reported a 32.5% year-on-year increase in revenue from operations and a 41.2% rise in Profit After Tax (PAT) to ₹4.44 crore for the second quarter of FY27, ended September 30, 2026. The company also announced significant progress in the development of its upcoming Silicon Carbide (SiC) semiconductor manufacturing facility in Odisha, with the installation of key epitaxial wafer manufacturing reactors completed during the quarter.
Latest Strategic Developments
- With respect to the upcoming facility in Odisha, the project will be executed in two phases, where phase one consists of Epitaxy & Pakaging and phase 2 is the fabrication. The clean room construction and infrastructure for sourcing the power supply through 33kV lines has already been completed in Q1 this year.
- Furthermore in this quarter the erection and installation of state-of-the-art Silicon Carbide (SiC) Epitaxial Wafer manufacturing reactors is completed. This development marks a significant milestone in the company’s plans to establish India’s first vertically integrated SiC semiconductor production facility in Odisha, strengthening its commitment to developing advanced semiconductor manufacturing capabilities in India. The readiness of this facility was also witnessed by senior officials of the Odisha state government in September this year.
- The Bhubaneshwar facility is expected to commence commercial production upon completion of the remaining statutory and regulatory formalities. The key equipment required for the SiC epitaxial wafer manufacturing process has been installed, while essential power connections, utilities and other supporting infrastructure have been commissioned and are in place. The completion of these critical infrastructure elements represents an important step towards operationalising the facility thereby delivering India’s first SiC Epitaxial wafers for domestic and global markets.
- RIR’s focus on new product development for Railway and Power sectors will continue to sustain the current growth trajectory
Commenting on the company’s performance, Dr. Harshad Mehta, Non-Executive Chairman of RIR Power Electronics Limited, said, “Our Q2 FY27 performance reflects steady progress in terms of operational revenue and profitability. Beyond our financial performance, the installation of SiC epitaxial wafer manufacturing reactors at our Odisha facility marks an important step towards advancing India’s semiconductor capabilities and strengthening the Make in India initiative. Our focus on serving the railway, defence and satellite technology sectors reflects our commitment to building indigenous capabilities in strategically important industries. The government’s continued support and enabling policy environment are further encouraging progress in these areas. With comfortable liquidity and a strengthening balance sheet, we remain focused on developing new products and creating sustainable, long-term value for our stakeholders.”
Mr. N. Ramesh Kumar, Managing Director and Chief Executive Officer of RIR Power Electronics Limited, said, “Our Q2 FY2027 results are encouraging, with revenue from operations growing 32.5% year-on-year while Profit After Tax (PAT) rose 41.2% to ₹4.44 crore. The expansion in PAT margin from 11.97% to 12.50% is another positive indicator of our progress, particularly amid the ongoing geopolitical uncertainties and cost pressures. We remain committed to building on this performance and pursuing steady, sustainable growth in the years ahead. With regards to our Bhubaneshwar facility, we have completed the erection and installation of the Epitaxial Wafer manufacturing reactors, the readiness of which was also witnessed by senior officials of the Odisha state government in September this year. Overall we are on schedule and we are awaiting for a few statutory and regulatory formalities before commencing operation sometime in Q3 this year.”
