Rishabh Instruments Limited has informed the Exchange regarding Board meeting held on May 27, 2025.
RISHABH · price
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On the reaction day the stock moved 4.6 pts less than Nifty Microcap 250 and 5.4 pts less than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The Board approved audited standalone and consolidated financial results for Q4 and FY ending March 31, 2025. Standalone revenue from operations grew modestly to ₹2,391.87 million (FY24: ₹2,245.70 million, ~6.5% growth), while consolidated revenue rose to ₹7,203.40 million (FY24: ₹6,897.46 million, ~4.4% growth). However, profit after tax fell sharply — standalone PAT declined to ₹233.75 million (FY24: ₹323.84 million, ~28% drop) and consolidated PAT dropped to ₹212.09 million (FY24: ₹398.94 million, ~47% drop), indicating significant margin compression. No dividend was recommended. Statutory auditor MSKA & Associates issued an unmodified (clean) opinion. Two new independent directors (Mr. Rajendra Bagwe and Mr. V. Subramaniam) were appointed for 5-year terms, and new internal, cost, and secretarial auditors were named for FY26.
The combination of a sharp PAT decline despite modest revenue growth signals margin pressure and is likely to weigh on investor sentiment. No dividend announcement is a disappointment for income-focused shareholders, though the strong balance sheet (no debt, healthy cash) and clean audit opinion provide some comfort.