RIR Power earnings rose 41.2% year over year to ₹4.45 crore in the quarter ended September 30, 2026, even as its shares touched a 52-week low on October 27. Revenue from operations increased 32.5% to ₹33.98 crore.

RIR Power earnings and margins

Revenue in the second quarter of fiscal 2027 was up from ₹25.64 crore a year earlier and ₹27.16 crore in the preceding quarter. Basic earnings per share were ₹0.56.

The profit-after-tax margin expanded to 12.50% from 11.97% a year earlier. Adjusted EBITDA rose 29.67% to ₹5.66 crore, although its margin narrowed by 36 basis points to 16.65%, partly reflecting employee stock option expenses of ₹1.03 crore.

The shares fell 2.29% to close at ₹144.68 on the NSE on October 27, after touching an intraday 52-week low of ₹142.10. They had declined more than 23% over the preceding month.

Odisha wafer project awaits clearances

RIR Power completed the erection and installation of silicon carbide epitaxial wafer manufacturing reactors at its Bhubaneswar facility during the quarter. Commercial production is expected to begin in the third quarter of fiscal 2027, subject to regulatory and statutory clearances.

The Odisha project is being executed in two phases: epitaxy and packaging first, followed by fabrication.

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