Rishabh Instruments Ltd

Rishabh Instruments Limited reported consolidated revenue of INR1,983 million for Q1 FY27, up 4.2% year-on-year, with an EBITDA of INR333 million (up 17.3% YoY) and a PAT of INR194 million (down 1.4% YoY). The Electrical and Electronics Instrumentation (EEI) segment delivered 34% YoY revenue growth, with adjusted EBITDA up 69.1% to INR382 million and margins expanding to 24.8%. The standalone India business grew 25.6% YoY, while Lumel S.A. (EEI's international arm) reported 39% YoY revenue growth and adjusted EBITDA of INR153 million (up 175.3% YoY). Lumel Alucast, however, reported a 41.2% YoY revenue decline but remains breakeven at operating level. The solar inverter business saw strong growth, with new product launches and plans for hybrid inverters. Management emphasized strategic priorities: accelerating profitable growth in EEI, expanding international presence, and leveraging R&D for innovation. The company also highlighted new manufacturing capacity in Nashik and plans for Rishabh TMI Experience Centers in Mumbai and Delhi. While global macroeconomic uncertainties persist, management expressed confidence in long-term structural growth drivers, including renewable energy and digital infrastructure. The company remains net debt-free with INR1,606 million in cash as of June 30, 2026.

The document emphasizes strong revenue and EBITDA growth in key segments, strategic expansion, and confidence in long-term industry trends.