RIR Power Electronics LimitedCapital Goods & EngineeringRIR
Q1 FY27 concall · earnings callRIR Power Electronics Limited
RIR Power delivered strong Q1 revenue growth of 29.3% and an 80.6% profit impact, while nearing the start of epitaxy wafer production at its new Odisha facility.
Numbers
| Metric | This quarter | Change | Five-quarter trend |
|---|---|---|---|
| Revenue | ₹27.16 Cr | 29.3% | |
| EBITDA | ₹3.98 Cr | 80.6% | |
| Earnings Per Share | 39 paisa per share | — |
TL;DR
- Revenue grew 29.3% YoY to Rs. 27.16 crores with a sharp 80.6% profit impact.
- EBITDA was Rs. 3.98 crores and EPS was 39 paisa.
- Odisha plant's clean room and power infrastructure are ready; epitaxy operations are expected to commence by end of Q2 FY27.
- Company listed on NSE on July 16, 2026, and strengthened its board and CFO appointment.
- Targeting Rs. 30+ crore quarterly revenue run-rate from the Halol facility this year, with growth driven by high-power devices and new systems.
- Odisha plant's phase 1 capex is ~Rs. 225 crores, with revenue from epi wafer sales targeted at Rs. 12-15 crores for H2 FY27.
Said on the call
“We started Q1 FY'27 on a very strong note, with revenue growing by 29.3% year-on-year to Rs. 27.16 crores, along with an 80.6% growth impact, reflecting the continued improvement in our operating performance and profitability.”
From the Q&A
| Topic | What management said |
|---|---|
| Revenue Run-Rate (Halol) | Management targets Rs. 30+ crore per quarter from the Halol facility this year, with a path to Rs. 50 crore per quarter possibly in the next 6-9 months. |
| Growth Drivers | Future growth at Halol will come from high-power devices (HPD) in the Indian market and new systems/equipment, as low-power devices (LPD) are seen as saturated. |
| Odisha Plant Status | Power transformer has been charged; plant and machinery installation is under progress and expected to be completed by end-August or mid-September. Epitaxy operations are expected to commence by end of Q2 FY27. |
| Price Increases and Margins | Q1 EBITDA margin improvement was driven by passing on ~80-85% of raw material cost increases to customers and cost control. Management aims for long-term sustainable margins in the 15%-17% range. |
| Odisha Capex and Funding | Total Odisha plant capex is Rs. 618 crores (Phase 1: ~Rs. 225 crores, Phase 2: ~Rs. 395-400 crores). For Phase 1, Rs. 58 crores subsidy received and company contributed ~Rs. 70 crores; a Rs. 70 crore bank loan is pending final sanction. |
| Odisha Revenue Target | The company is targeting revenue from the sale of epi wafers in the range of Rs. 12 crores to Rs. 15 crores for the second half of FY27. |
| R&D Spend | Management targets an R&D spend of about 8%-10% as a long-term investment. |
Guidance
- Targeting to grow at least 3 to 4 times in top-line growth compared to last year.
- Expecting revenue from the Odisha plant's epi wafer sales to commence in Q3 FY27.
- Aiming for long-term sustainable EBITDA margins in the range of 15%-17%.
- Targeting a quarterly revenue run-rate of Rs. 30+ crores from the Halol facility in the current year.
Source
Summary written from the transcript filed by RIR Power Electronics Limited for the call held on 13 Aug 2026; published 22 Aug 2026, 10:28 IST.
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