RIR Power Electronics announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2024.Powered by Capital Market - Live News

The Board of RIR Power Electronics at its meeting held on 05 September 2024 has approved allotment of 4 lakh equity shares on conversion of warrants. Post allotment of these shares, the paid up equity share capital stands increased to Rs. 7,35,72,400 comprising of 73,57,240 equity shares of Rs.10/ - each. Powered by Capital Market - Live News

RIR Power Electronics has inaugurated its new factory at Bhubaneshwar, Odisha. This project represents a significant step towards enhancing the company`s capabilities in the Silicon Carbide based technology. The inauguration of this new Factory is considered a step towards realizing the company`s vision of becoming a leader in the semiconductor industry both locally and globally.Powered by Capital Market - Live News

Net profit of RIR Power Electronics rose 67.65% to Rs 2.28 crore in the quarter ended June 2024 as against Rs 1.36 crore during the previous quarter ended June 2023. Sales rose 51.77% to Rs 21.05 crore in the quarter ended June 2024 as against Rs 13.87 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales21.0513.87 52 OPM %15.6812.91 - PBDT3.092.14 44 PBT2.921.88 55 NP2.281.36 68 Powered by Capital Market - Live News

RIR Power Electronics will hold a meeting of the Board of Directors of the Company on 12 August 2024.Powered by Capital Market - Live News