RIR Power Electronics profit falls 39% despite stable revenue

RIR Power Electronics reported Q1 FY26 revenue from operations at ₹21.01 crore, largely flat compared to ₹21.05 crore in Q1 FY25. However, profit after tax fell to ₹1.74 crore from ₹2.83 crore in the prior year.

EBITDA decreased to ₹2.89 crore from ₹3.37 crore, with the EBITDA margin contracting to 13.75% from 16.02%. Basic earnings per share declined to ₹2.26 from ₹4.06.

The company's board approved listing on the National Stock Exchange and received fiscal support from Odisha's government for its ₹618 crore Silicon Carbide semiconductor manufacturing facility.