RIR power electronics reports strong Q2 profit growth, bonus share issuance

RIR Power Electronics Limited reported its un-audited standalone financial results for Q2 2025, with Profit Before Tax reaching INR 435.41 Lakhs for the quarter, an increase from INR 241.58 Lakhs in Q2 2024. For the half year, standalone Profit Before Tax was INR 691.99 Lakhs, up from INR 588.28 Lakhs in the previous year. Total standalone income for the quarter stood at INR 2,630.56 Lakhs.

On a consolidated basis, Profit Before Tax for the quarter was INR 543.12 Lakhs, compared to INR 231.53 Lakhs in Q2 2024. The half-year consolidated Profit Before Tax reached INR 812.52 Lakhs, significantly higher than INR 523.54 Lakhs for the same period last year. Consolidated total income for the quarter was INR 2,624.88 Lakhs. The company's Earnings per Equity Share (Basic) on a standalone basis was INR 0.47 for the quarter and INR 0.70 for the half year, while on a consolidated basis, it was INR 0.63 for the quarter and INR 0.87 for the half year.

The results highlight the company's strong operational performance. The company issued bonus shares in a 1:1 ratio and subdivided its equity share face value from INR 10/- to INR 2/- each during the quarter. An allotment of 28,35,150 equity shares (face value INR 2/- each) was also made. The company received a grant of INR 32.56 Crores from the State Government of Odisha for a new project and sold its entire holdings in its wholly-owned subsidiary, Visicon Electronics Pvt Ltd.