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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Rishi Laser Limited reported Q3 FY26 results showing stable revenue but sharply lower profits due to expansion-linked costs. Total Income for Q3 was nearly flat at ₹36.73 crore versus ₹37.07 crore a year ago (down 0.91%), while quarterly PAT collapsed 96.22% to just ₹0.05 crore from ₹1.36 crore. For the nine months ended FY26, Total Income grew 6.93% to ₹121.10 crore and EBITDA rose 14.65% to ₹11.34 crore with margins improving to 9.36%, but 9M PAT fell 22.18% to ₹3.93 crore. Management attributed the profit decline to higher employee costs from workforce expansion, increased finance costs and depreciation from Ind AS 116 lease accounting for new premises, and a one-time regulatory provision under the New Labour Codes, 2020. The new Bangalore facility has begun ramping up production, and management expects better cost absorption and margin normalization as utilization improves.
Near-term profitability is under pressure from expansion costs and regulatory provisioning, but 9M revenue and EBITDA growth signal underlying operational strength. Investors should watch for margin recovery as the Bangalore facility ramps up; stock sentiment may remain cautious until utilization improves.