Rishabh Instruments profit surges 292% to ₹823 million in FY26
Rishabh Instruments Limited reported a 292% increase in consolidated profit after tax to ₹823 million for FY26. Consolidated revenue from operations rose 7.6% to ₹7,751 million, while adjusted EBITDA surged 161.1% to ₹1,363 million.

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Rishabh Instruments Limited reported a significant improvement in profitability for the financial year ended March 31, 2026, driven by stronger execution and operating leverage. Consolidated revenue from operations grew 7.6% to ₹7,751 million, while profit after tax more than doubled, surging 292% to ₹823 million.
The company’s adjusted EBITDA rose 161.1% to ₹1,363 million, reflecting a substantial expansion in operating efficiency. Consequently, the adjusted EBITDA margin improved to 17.6%, and the profit after tax margin reached 10.6% for the year.
Financial Performance
The company’s financial performance highlights for FY 2025-26 show robust growth in key metrics compared to the previous year. The following table summarizes the consolidated financial results:
| Particulars | FY26 (₹ in Million) | FY25 (₹ in Million) | YoY Movement |
|---|---|---|---|
| Revenue from Operations | 7,751 | 7,203 | 7.6% |
| Gross Margin (%) | 62.1 | 58.2 | 390 bps |
| EBITDA (₹ in Million) | 1,264 | 484 | 161.1% |
| EBITDA Margin (%) | 16.3 | 6.7 | 960 bps |
| PAT (₹ in Million) | 823 | 210 | 292.0% |
| PAT Margin (%) | 10.6 | 2.9 | 770 bps |
| ROCE (%) | 15.2 | 5.7 | 950 bps |
The Electrical and Electronic Instruments (EEI) segment remained the primary growth driver, with revenue increasing by 17.5% to ₹5,369 million. Adjusted EBITDA for this segment grew 68.5% to ₹1,330 million, with the margin improving by 750 basis points to 24.8%.
Meanwhile, the High-Pressure Die Casting (HPDC) segment focused on portfolio optimization and cost discipline. While revenue for this segment moderated to ₹2,383 million from ₹2,636 million, it successfully turned profitable. Adjusted EBITDA improved to ₹33 million from a loss of ₹150 million in the previous year, resulting in a margin of 1.4% compared to a negative 5.7% in FY25.
Operational Highlights
nThe company’s strategy focused on disciplined execution and capability building. Key operational milestones included securing a large-scale monitoring and control system project for a major data center operated by a Fortune India 500 company. Additionally, Lumel SA secured a EUR 5 million contract in the German energy sector, strengthening its presence in energy and power infrastructure applications.
The company maintained a disciplined balance sheet with improved return ratios and lower leverage. The net cash flow from operating activities was strong at ₹1,085 million, providing the financial flexibility to invest in future capacity and capability building.
Historical Stock Returns for Rishabh Instruments
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.33% | +1.61% | +23.62% | +83.43% | +126.69% | +48.91% |
Can the company sustain the current 24.8% EBITDA margin in the EEI segment amidst potential competitive pressures?
What are the specific growth strategies planned to reverse the revenue decline in the HPDC segment?
How does the company plan to deploy the strong operating cash flow of ₹1,085 million regarding capacity expansion or M&A?































