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Mumbai: Heavy electrical infrastructure component manufacturer RIR Power Electronics Limited has seen its Profit After Tax (PAT) rise 18.81% to ₹8.28 crore in FY26 from ₹ 6.72 crore reported last year. The company has witnessed strong domestic growth in its rolling stock, heavy defence traction, and green energy inverter industries.
The company has been working to address its order backlog worth ₹17 crores, as the company looks to fulfill its near-term deliveries. Besides this, RIR Power is looking to commission India’s first end-to-end Silicon Carbide (SiC) fabrication plant by July 2026, with the cleanroom construction to get completed soon, with plant and machinery installation in progress currently. With this, RIR aims to reinforce its commitment to PM Modi’s ‘Make In India’ commitment to strengthen India’s semiconductor manufacturing ecosystem.
RIR Power is also moving beyond its traditional client base by securing its first overseas order to supply 5kV of silicon-controlled rectifier (SCR) thyristors, to be executed by the end of 2026.
“FY26 has been a transformative year for RIR Power Electronics, marked by focused investments in scale, efficiency, and customer relationships. A key milestone was the development of a 25 kV–120 kA capacitor discharge semiconductor switch, strengthening India’s high-power electronics capabilities. As we enter FY27, our focus remains on execution excellence, technological innovation, and value creation for all stakeholders. We are confident that we are well-positioned to play a leading role in India’s semiconductor ambitions while continuing to deliver profitable growth.” Dr. Harshad Mehta, Non-Executive Chairman, RIR Power Electronics Ltd, said in a press release.
“Our strong order backlog of ~ ₹ 17 crs reflects sustained demand for our products and the continued trust our clients have placed in our execution capabilities. This backlog not only provides us with predictable revenue visibility over the coming quarters but also reinforces the resilience of our business model across the market cycles. With this momentum, we are strategically positioned to convert order backlog into steady cash flows, strengthen operating leverage, and deliver consistent, profitable growth. Looking ahead, we remain focused on scaling responsibly, enhancing efficiencies, and creating sustainable value for all the stakeholders.” Mr. N Ramesh Kumar, Managing Director and Chief Executive Officer at RIR Power Electronics Ltd, added.
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