Rishabh Instruments Limited has informed the Exchange about Transcript
RISHABH · price
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Rishabh Instruments posted a strong Q3 FY26 with consolidated revenue of Rs. 183.6 crore (1.3% YoY) and a sharp jump in profitability — EBITDA rose 119.5% YoY to Rs. 31.4 crore with margins expanding 920 bps to 17.1%, while nine-month PAT tripled to Rs. 62.2 crore. The Polish subsidiary LUMEL S.A. grew 22.4% YoY with healthy 26.7% EBITDA margins, and the standalone India business delivered 10.6% nine-month revenue growth with 23.5% EBITDA margins. The die-casting (Alucast) segment is undergoing a planned transition away from automotive, with Q3 revenue down 29% YoY, though management targets Rs. 150-160 crore revenue and 4-5% EBITDA margin for FY27. Management raised FY26 adjusted EBITDA guidance to Rs. 115-120 crore (already achieved Rs. 100.9 crore in just nine months) and outlined a five-year strategic roadmap targeting 20-25% growth and 20-25% EBITDA margins in the electronics business. The company remains net debt-free with Rs. 123 crore in cash, and policy tailwinds from the India-EU FTA, Union Budget (ISM 2.0 with Rs. 40,000 crore outlay), and reduced India-US tariffs are expected to support the export-led growth story.
Strong execution and significant margin expansion well ahead of revenue growth signals improving operating leverage; raised FY26 guidance, a clear multi-year growth roadmap, and a debt-free balance sheet are positive, though the die-casting segment's near-term decline remains a soft spot worth monitoring.