RIR Power Electronics Ltd — Updates, 02-06-2025: Company Update

RIR Power Electronics Limited has announced a board meeting to discuss the financial results for the quarter and half-year. The company reported a Q4 revenue of INR26.46 Cr, EBITDA of INR3.44 Cr, and PAT of INR2.55 Cr, with FY25 revenue at INR86.21 Cr and EBITDA at INR11.39 Cr. The Odisha silicon carbide plant project entails INR618 Cr capex over 2-2.5 years, with phase-wise commercial operations expected from Q4 FY26, generating initial revenue of INR10-12 Cr in FY26. Full ramp-up is projected by FY30, targeting INR1,200 Cr revenue with EBITDA margins of 25-28%. The company secured 50% subsidy commitment from Odisha and potential central subsidies, planning funding through a mix of equity and debt. The firm focuses on vertically integrated power semiconductors, targeting growth in energy, railways, defense, and EV sectors, with expanding global marketing efforts led by the new Chief Marketing Officer.