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RIR Power Electronics Ltd

Q2 FY27Electrical Equipment

RIR Power Electronics Q2 Results 2026 (FY27): Guides 20–40% Revenue Growth, Steady Margins

Q2 FY27 earnings call: what management said on revenue, margins and capex.

RIR Power Electronics Ltd Q2 FY27 key numbers

Revenue
Current revenue run rate (~Rs. 34 crore quarterly) is considered a base, with an expectation of incremental growth on top of this.

As stated in RIR Power Electronics Ltd's Q2 FY27 earnings call transcript · published 6 Nov 2026. Reported figures, not investment advice.

Price₹144
Market cap₹1.1K Cr
P/E122.0

The short version

FY'29 is anticipated as a key inflection point for significant revenue scale-up, driven by projects like the Odisha project completion and growth in railways and defense sectors. Revenue growth of around 30% year-over-year observed, with Q2 FY27 revenue at Rs. 33.98 crores (32.5% YoY increase).

From RIR Power Electronics Ltd's Q2 FY27 earnings-call transcript · updated 6 Nov 2026.

How did RIR Power Electronics' revenue grow in the September 2026 quarter?

Good growth
  • FY'29 is anticipated as a key inflection point for significant revenue scale-up, driven by projects like the Odisha project completion and growth in railways and defense sectors.
  • Continuous growth expected across all verticals including railways, defense (high-margin niche products), and exports.
  • Current revenue run rate (~Rs. 34 crore quarterly) is considered a base, with an expectation of incremental growth on top of this.
  • Expansion of capacity, especially in high-power devices, is underway, with bottlenecks being addressed to double certain operations and enhance assembly capacity.
  • Silicon carbide epitaxial (EPI) product revenue is expected to start within 3 months, followed by packaging (8-9 months), and eventually fabrication unit revenue post construction.

2 more points from RIR Power Electronics Ltd's call on revenue

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What happened to RIR Power Electronics' margins in Q2 FY27?

See what RIR Power Electronics Ltd said on profitability & margins — free account, 30 seconds.

What capex is RIR Power Electronics planning?

Capex planned
  • The company is investing in modernizing and automating its facility to maintain leadership and prevent new entrants from challenging its position.
  • Capacity expansion plans include adding equipment to bottleneck operations in high-power device production, potentially doubling capacity.
  • Phase 1B of the Odisha project is underway, funded through debt (with government interest subsidy) to accelerate build-out, with no further equity planned for this phase.
  • The silicon carbide epitaxial (EPI) plant is expected to start revenue-generating operations within three months.
  • Subsequent investments include scaling packaging (8-9 months timeline) and fab construction for full vertical integration.

2 more points from RIR Power Electronics Ltd's call on capex

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Top-ranked in Electrical Equipment

Ranked on what management guided this quarter

Guidance-ranked
1GP Eco Solutions
Rev 1Mar 1
2Karamtara Engg.
Rev 1Mar 2
3
Rev 1Mar 2
4
Rev 1Mar 3
5
Rev 1Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Is RIR Power Electronics raising money or cutting debt?

See what RIR Power Electronics Ltd said on fundraising & capital structure — free account, 30 seconds.

How big is RIR Power Electronics' order book?

Order book rising
  • As of September 30, 2026, the order backlog stood at approximately Rs. 39 crores.
  • The company has seen an increase in order backlog, almost doubling recently.
  • Current capacity bottlenecks are being addressed to meet growing order demand.
  • Repeat orders are coming in, especially from railways, with a 70%-80% growth in quantity and value over the previous year.
  • There are Letter of Intents (LOIs) covering about 90% of current capacity utilization, indicating strong customer interest.

2 more points from RIR Power Electronics Ltd's call on order book

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What the Q2 FY27 call signalled

4 of 5 strong

RevenueGood growth
MarginMargins steady
CapexCapex planned
FundraiseFundraise planned
Order bookOrder book rising

RIR Power Electronics Ltd — Quarterly revenue & net profit

Revenue Net profit
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26

Q2 FY27 figures are not in this chart yet. Latest shown: Mar 2026 (Q4 FY26). The Q2 FY27 numbers from the filing are in the analysis on this page.

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹24 Cr, net profit ₹1 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What RIR Power Electr's management said in earlier quarters

Others in Electrical Equipment this season

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  • Schneider Electric Infrastructure (Q2 FY27)

    Q2 FY27 Sales: ₹779 Cr., up 19.8% YoY (Q2 FY26 sales were ₹650 Cr.) . Key investor presentation takeaways from Schneider Electric Infrastructure Ltd's Q2 FY27 i

  • Thermax (Q2 FY27)

    2,756 crore, up 11% YoY (Page 9). Key investor presentation takeaways from Thermax Ltd's Q2 FY27 investor presentation — and how it ranks against sector peers.

  • Saatvik Green (Q2 FY27)

    Q2 FY27 Revenue from Operations: ₹9,026 Mn, up from ₹7,680 Mn in Q2 FY26 (+17.6% YoY). Key investor presentation takeaways from Saatvik Green Energy Ltd's Q2 FY

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Frequently Asked Questions

What were RIR Power Electronics Ltd Q2 FY27 results?

FY'29 is anticipated as a key inflection point for significant revenue scale-up, driven by projects like the Odisha project completion and growth in railways and defense sectors. Revenue growth of around 30% year-over-year observed, with Q2 FY27 revenue at Rs. 33.98 crores (32.5% YoY increase).

What is RIR Power Electronics Ltd share price analysis?

RIR Power Electronics Ltd currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 122.0 with a market cap of ₹1,149 Cr. Investors should review the full earnings analysis for detailed insights.

Is RIR Power Electronics Ltd planning capital expenditure?

The company is investing in modernizing and automating its facility to maintain leadership and prevent new entrants from challenging its position.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.