Rishabh Instruments reported a positive start to FY27, with consolidated revenue rising 4.2% year-on-year to ₹1,983 crore in Q1FY27. Consolidated EBITDA increased 17.3% to ₹333 crore, driven by improved sourcing, operational efficiencies, and favourable product mix. The company’s EBITDA margin expanded by 190 basis points to 16.8% from 14.9% in the corresponding period of the previous fiscal year.

Despite the strong operating performance, consolidated net profit (PAT) declined marginally by 1.4% to ₹194 crore from ₹196 crore in Q1FY26. This decline was primarily attributed to higher depreciation charges, which rose to ₹95 crore from ₹75 crore, and a higher tax provision of ₹72 crore compared to ₹43 crore in the prior year quarter.

Segment performance

The Electrical & Energy Infrastructure (EEI) segment continued to be the primary growth engine, delivering robust revenue growth of 34.0% year-on-year to ₹1,540 crore. EEI contributed 77.7% of total consolidated revenue in Q1FY27, up from 39.6% in Q1FY26. The segment maintained healthy EBITDA margins of approximately 24%, with adjusted EBITDA margins reaching 24.8%.

In contrast, the High-Pressure Die Casting (HPDC) business at Lumel Alucast faced headwinds, with revenue falling 41.2% to ₹443 crore from ₹754 crore in Q1FY26. The company stated that it remained breakeven at the operating level in Q1FY27 after exiting lower-margin contracts. Management indicated that the priority is not pursuing volume at the cost of profitability, but rather filling capacity with higher-value opportunities. The company expects to remain breakeven at adjusted EBITDA for the full FY27.

Financial highlights

The table below captures the key consolidated financial metrics for Q1FY27 on a year-on-year basis:

What the Numbers Show

The divergence between operating profits and net profit highlights the impact of non-cash and tax items on bottom-line results. While adjusted EBITDA grew 16.6% to ₹353 crore, reported EBITDA was lower due to ESOP costs and Stock Appreciation Rights (SAR) amounting to ₹20 crore. Furthermore, depreciation expenses increased significantly to ₹95 crore from ₹75 crore, absorbing much of the operating gain. This suggests that capital-intensive investments or asset additions are impacting near-term net profitability despite strong top-line and operating leverage improvements.

Outlook and strategy

Management highlighted a structurally attractive industry outlook driven by investments in electrification, grid modernization, renewable energy, and industrial automation. The rapid expansion of AI and data centres is creating new opportunities for energy measurement and power quality solutions.

The company is accelerating global diversification across the US, Africa, and Southeast Asia while strengthening its presence in India and Europe. Strategic priorities for FY27 include profitable growth, better product mix, new product development in energy meters and solar inverters, and disciplined capital allocation.

Rishabh Instruments will host an earnings conference call on Monday, August 17, 2026, at 5:00 PM IST to discuss its financial and operational performance for the quarter ended June 30, 2026. The event provides investors with a direct channel to management for insights into Q1FY27 results, addressing market interest in the company’s quarterly trajectory. This disclosure is made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015.

Call Details and Participants

The conference call will feature key executives from Rishabh Instruments Limited. Investors can join via universal dial-in numbers +91 22 6280 1488 or +91 22 7115 8869. Pre-registration is available to minimize wait times.

Compliance and Contact Information

The intimation was issued on August 11, 2026, by Ajinkya Joglekar, Company Secretary and Compliance Officer (ICSI Membership No.: A57272). For further information, investors may contact Ajinkya Joglekar at ajinkya.joglekar@rishabh.co.in or Nishant Dudhoria at nishant.dudhoria@rishabh.co.in . The company’s CIN is L31100MH1982PLC028406.