RIR Power Electronics Reports Strong Financial Growth and Improved Liquidity in December 2024 Results

Feb 13 2025 10:07 AM IST
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RIR Power Electronics has announced its financial results for the quarter ending December 2024, highlighting a 23.53% increase in net sales to Rs 38.69 crore for the half-year. Profit after tax rose by 28.15% to Rs 5.19 crore, while cash equivalents reached Rs 38.58 crore, indicating improved liquidity.
RIR Power Electronics has recently reported its financial results for the quarter ending December 2024, showcasing a range of positive developments. The company recorded net sales of Rs 38.69 crore for the half-year, reflecting a year-on-year growth of 23.53%. This upward trend in sales indicates a favorable near-term outlook for the company.

Additionally, the profit after tax (PAT) for the nine-month period reached Rs 5.19 crore, marking a year-on-year increase of 28.15%. This growth in profitability further supports the positive trajectory observed in the company's financials.

RIR Power Electronics also reported its cash and cash equivalents at Rs 38.58 crore, the highest level seen in the last six half-yearly periods, suggesting an improvement in short-term liquidity. Furthermore, the debtors turnover ratio stood at 3.81 times, the highest in the last five half-yearly periods, indicating enhanced efficiency in settling receivables.

In light of these developments, RIR Power Electronics has experienced an adjustment in its evaluation, maintaining its score over the past three months.

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