RRP Semiconductor Ltd (RRP) Q2 Results FY27 Preview: Date, Time, Expectations & Key Things To Watch
RRP Semiconductor is a small, Navi Mumbai-based company that pivoted into semiconductor and electronics materials trading, but its semiconductor activities remain suspended pending an open offer process with SEBI. The Q2 FY27 print will hinge on whether any revenue from operations reappears after a nil quarter, and on updates around the SEBI interim order, the SAT appeal over 1,35,24,000 preferential shares, and the Rs. 12 crore Telecrown Infratech deposit recovery.
| Results date | November 14, 2026 |
|---|---|
| Quarter | Q2 FY 2026-2027 |
| Previous quarter revenue | Nil (Q1 FY27, standalone) |
| Previous quarter PAT | Rs. (32.89) lakh net loss (Q1 FY27, standalone) |
| Market cap | Rs. 10,850.09 Cr |
| CMP | Rs. 7,963.95 |
RRP Semiconductor Ltd Q2 Results Date and Time
Per the November 5, 2026 intimation, the Board meeting is scheduled for Saturday, November 14, 2026, to approve Unaudited Standalone Financial Results for the quarter and half-year ended September 30, 2026, with the Limited Review Report, under Regulations 29(1) and 33 of SEBI LODR. The insider trading window has been closed since October 1, 2026 and reopens 48 hours after results declaration.
What to expect from RRP Semiconductor Ltd's Q2 FY27 results
The central question for Q2 FY27 is whether revenue from operations reappears after Q1 FY27's Nil — the fourth nil-or-near-nil quarter in five — with semiconductor activities suspended pending the open offer by Mr. Rajendra Chodankar, which the company says will be resumed soon.
The regulatory gate remains unresolved: the April 10, 2026 SEBI Interim Order restrains named promoters/directors from dealing in the securities, SAT Appeal No. 221 of 2025 over the 1,35,24,000 preferential shares carries status quo directed on May 2, 2025, and on September 17, 2026 the preferential-allottee lock-in was extended to March 31, 2027 at BSE's request.
The balance sheet starting point is thin — cash of Rs. 2.86 lakh at March 31, 2026, net worth of Rs. 904.34 lakh, and FY26 finance charges of Rs. 58.77 lakh (up 158.90% YoY) including a Rs. 3.66 crore related-party borrowing from RRP Electronics. The single largest swing item is the Rs. 12 crore Telecrown Infratech security deposit, where IBC Form 3 proceedings were initiated on 11-03-2026 with no disclosed timeline; any provision, recovery or cheque-encashment disclosure would dominate the quarter.
The company has set no time-bound targets, so the call is expected to centre on the revenue line, regulatory status updates and liquidity rather than guidance.
Key Things To Watch
Guidance scorecard — all open-ended: The company has explicitly set no time-bound commitments, so only open-ended statements can be tracked.
- Semiconductor business resumption — stated as "will be resumed soon", tied to the pending open offer with SEBI by Mr. Rajendra Chodankar
- Trading growth — management narrative of "doing well... looking forward for growth in the future in trading activities"
- Semiconductor returns — open-ended statement that "the Indian semiconductor businesses will give good returns in the days to come"
Revenue resumption in Q2/H1 FY27
- Whether Q2/H1 FY27 shows any revenue from operations versus Q1 FY27's Nil, given semiconductor activities remain suspended pending the open offer
- The November 14, 2026 board meeting approves results for the quarter AND half-year ended September 30, 2026; H1 will aggregate Q1's net loss of Rs. (32.89) lakh with Q2
- Whether management re-ties the resumption timeline to the open-offer/SEBI status
Regulatory follow-ups: SEBI order, SAT appeal and open offer
- Status of SEBI's proceedings/investigation under the April 10, 2026 Interim Order, which restrained named promoters/directors and directed freezing of equity shares
- Outcome of SAT Appeal No. 221 of 2025 on the 1,35,24,000 preferential shares, where SAT directed status quo on May 2, 2025
- Status of the SEBI open offer referenced in the FY26 BRSR, plus any fresh BSE action after the September 17, 2026 lock-in extension to March 31, 2027
Telecrown Infratech Rs. 12 crore deposit recovery
- Progress on the Rs. 12,00,00,000 interest-free security deposit refund, with the company holding a post-dated cheque of Rs. 12.00 crores
- Any provision, recovery or cheque-encashment disclosure, or a timeline on the IBC Form 3 proceedings initiated on 11-03-2026
Costs, liquidity and reconciliation items
- Finance charges trajectory (FY26: Rs. 58.77 lakh, up 158.90% YoY) and the Rs. 3.66 crore related-party borrowing from RRP Electronics outstanding at March 31, 2026
- Cash position versus the Rs. 2.86 lakh FY26-end level, and whether the going-concern language changes in the limited review
- Clarification of the share-capital discrepancy (Rs. 14,12,40,000 / 1,41,24,000 shares vs 1,36,24,000 weighted shares) and the FY25 EPS difference (Rs. 5.99 vs Rs. 6.21)
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Frequently Asked Questions
Why was RRP Semiconductor's FY26 revenue negative?
FY26 standalone revenue from operations was negative at Rs. (682.14) lakh because the company decided to reverse revenue of up to Rs. 8 Crores plus taxes booked in the quarter ended December 31, 2024 on the terminated Telecrown Infratech solar-panel sub-contract. The company had executed work of Rs. 14.82 Crores plus taxes under that sub-contract before the termination.
Why has RRP Semiconductor suspended its semiconductor business?
The company states that semiconductor activities have not been carried on pending the open offer with SEBI given by Mr. Rajendra Chodankar, and that they will be resumed soon. Semiconductor trading contributed Nil % of turnover in FY26.
Has RRP Semiconductor given any timeline for commercial-scale semiconductor manufacturing?
No. The company explicitly states it has not set any specific time-bound commitments, goals or targets relating to commercial-scale semiconductor manufacturing or production.
What is the status of RRP Semiconductor's Rs. 12 crore deposit with Telecrown Infratech?
The company has issued a termination notice for the November 12, 2024 agreement and is seeking refund of the Rs. 12,00,00,000 interest-free security deposit, holding a post-dated cheque of Rs. 12.00 crores from Telecrown. IBC Form 3 proceedings were initiated on 11-03-2026, and no outcome or timeline has been disclosed.
What did SEBI's interim order against RRP Semiconductor cover?
The SEBI Interim Order dated April 10, 2026 recorded prima facie findings of an alleged coordinated scheme involving certain preferential allottees, promoters/directors and certain trading entities, and barred named entities — Mr. Ramesh Chandra Mishra, Mrs. Sumita Mishra and Ms. Ira Mishra — from dealing in the company's securities, with depositories directed to freeze equity shares. The directions are in force until further orders and the matter is subject to further proceedings; no fine was levied under the order.
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Disclaimer: This earnings preview is published for educational and informational purposes only. It is not investment advice, not a recommendation to buy, sell or hold any security.