RIR Power Electronics Ltd — Important, 19-02-2026: Company Update

RIR Power Electronics shared its latest quarterly and nine-month results. Revenue stood at INR20.27 Cr for the quarter, with PAT at INR0.44 Cr. For the nine-month period, revenue was INR66.92 Cr. The company announced Mr. N. Ramesh Kumar as its new MD & CEO, who outlined priorities like strengthening sales, enhancing market reach, and operational excellence. The Odisha Silicon Carbide project's clean room is nearing completion, with commercial production anticipated 90 days after securing dedicated power. The company secured part of its Phase 1 funding and is negotiating further debt. Halol's unit continues high-power product development for defense and railways.