RIR Power Electronics Ltd — Important, 16-08-2025: Company Update

RIR Power Electronics announced its financial results for the quarter, reporting largely flat revenue at ₹21.01 Cr. Profitability declined, with PAT at ₹1.74 Cr and EBITDA at ₹2.89 Cr, primarily due to higher costs. Key strategic updates include Board approval for listing on the National Stock Exchange. Significantly, the Government of Odisha approved fiscal support for Phase 1 of the company's ₹618 Cr Silicon Carbide semiconductor manufacturing facility. This project is a turning point, positioning RIR Power among pioneers in India’s high-performance power electronics sector. The company also executed a 1:1 bonus issue and a 5:1 stock split to enhance shareholder accessibility and liquidity.