RIR Power Electronics Q1 Results Gain Total Rvenue of ₹21.05 crores & Net Income ₹2.28 crores

RIR Power Electronics Growth Overview

RIR Power Electronics Q1 Results: RIR Power Electronics recently shared its financial results for the first quarter (Q1) of the fiscal year ending in June 2024. The company reported a total revenue of ₹21.05 crores, which is a 51.78% increase compared to the same period last year (YoY). However, there was a small quarter-on-quarter (QoQ) decline of 2.42% when compared to the previous quarter's revenue of ₹16.26 crores. The selling, general, and administrative expenses rose by 40.41% YoY to ₹2.55 crores, showing that the company is spending more compared to last year. 

In contrast, RIR Power Electronics’ depreciation and amortization expenses dropped significantly, decreasing by 41.35% QoQ to ₹0.16 crores, and YoY, it fell by 36.35% from ₹0.26 crores last year. Overall, the operating income saw a remarkable increase of 104.67% YoY, reaching ₹3.13 crores. Although this was a drop of 14.28% QoQ, the increase YoY indicates strong overall growth. Finally, the net income was ₹2.28 crores, marking a 45.89% rise YoY, despite a 17.88% drop QoQ from the previous quarter's earnings. This summary shows the company's growth compared to last year while noting the changes from the last quarter.

Here’s a summary of RIR Power Electronics' Q1 results presented in a table format for clarity:

(₹ in crores)

RIR Power Electronics Q1 Results

The RIR Power Electronics table presents important financial information for the company over different periods. The table includes data for three main timeframes: the audited year ending on March 31, 2024, and the unaudited quarters ending on June 30, 2023, and June 30, 2024. The first row shows the Revenue from Operations, which is the money the company made from its main business activities. This number grew from ₹1,386.88 Lakhs in June 2023 to ₹2,105.04 Lakhs in June 2024, indicating that the company is increasing its sales.

RIR Power Electronic income dropped from ₹86.93 Lakhs to ₹60.06 Lakhs over the same period. The Total Income, combining both revenue and other income, also increased, showing overall financial growth.

The table also details the RIR Power Electronics expenses, such as costs for materials, employee salaries, and other operational costs. Total expenses grew but were outpaced by the rise in income, leading to a healthy Profit before Tax. Finally, the Profit for the Period shows the company's net earnings after all expenses and taxes, further emphasizing the company's positive financial performance in recent periods.

Here’s a simplified summary of the financial data provided for the standalone entity, including the audited and unaudited figures for various periods:

(in Lakhs)

RIR Power Electronics Financial Metrics

The RIR Power Electronics table shows important financial information about the company's stock. The Market Cap of ₹ 3,247 Crores means that the total value of all shares is this amount. The Current Price is ₹ 4,414, which is what each share costs right now. The High/Low shows the highest price at ₹ 4,879 and the lowest at ₹ 567 over a specific time. The Stock P/E ratio of 419 indicates how much investors are willing to pay for each unit of earnings, showing high expectations. 

Here’s a summary of the financial data you provided in a simple table format:

Quarterly Results 

Here's the transposed version of the quarterly results for Dec 2023, Mar 2024, and Jun 2024, along with the particulars:

(₹ in crores)

About RIR Power Electronics

RIR Power Electronics , formerly known as Ruttonsha International Rectifier , is a global company that specializes in semiconductors. These are essential electronic components used in various devices. The company develops and delivers a wide range of products for the power electronics industry. Their offerings include semiconductor devices like thyristors and diodes, which are crucial for controlling electrical power. They also provide semiconductor modules that help in managing electricity in different applications.

RIR Power Electronics manufactures various types of equipment, such as power rectifiers and battery chargers, that support power management systems. This company plays a significant role in the power electronics ecosystem by creating solutions that help improve energy efficiency and performance. With its innovative products, RIR Power Electronics aims to meet the needs of its customers and partners around the world, contributing to advancements in technology and sustainability.