Rishabh Instruments Limited has submitted the complete transcript of its Q3 FY 2025-26 earnings conference call to the National Stock Exchange of India Limited and BSE Limited on February 12, 2026, in compliance with regulatory requirements under Regulation 30.

Transcript Submission Details

The company filed the earnings conference call transcript six days after the original call was conducted on February 6, 2026. The transcript covers discussions on unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025.

Management Participation

The earnings conference call featured key management personnel including Mr. Narendra Goliya (Promoter & Executive Chairman), Mr. Dinesh Musalekar (Whole-Time Director), Mr. Vishal Kulkarni (Chief Financial Officer), and Mr. Nishant Dudhoria (Additional General Manager Strategy, Finance, & Public Relations).

Previous Documentation

The company had earlier uploaded the audio recording of the earnings conference call on February 6, 2026, immediately following the call. The transcript submission provides additional documentation for stakeholder reference and ensures comprehensive compliance with disclosure requirements.

Corporate Communication

The transcript submission was signed by Ajinkya Joglekar, Company Secretary and Compliance Officer (ICSI Membership No. A57272), with digital signature applied on February 12, 2026, at 17:24:30 +05'30', ensuring authenticity and regulatory compliance.

Rishabh Instruments Limited has delivered exceptional financial performance in Q3FY26, with consolidated net profit surging 138% to ₹200 million and EBITDA more than doubling to ₹315 million. The company demonstrated strong operational leverage with EBITDA margin expanding significantly to 17.16% from 7.89% in the corresponding quarter last year.

Consolidated Financial Performance

The company's consolidated operations showed robust growth across key financial metrics. Revenue reached ₹1.84 billion compared to ₹1.8 billion in the year-ago quarter, while the substantial improvement in profitability metrics reflects enhanced operational efficiency and strong business execution.

Management Commentary and Business Outlook

Commenting on the Q3 and 9MFY26 results, Mr. Dineshkumar Musalekar, Whole Time Director, highlighted the company's diversified growth strategy. "Our consolidated revenue grew 1.30% YoY in Q3FY26 and 7.00% in 9MFY26, supported by product expansion and steady demand across key markets. Consolidated EBITDA margins expanded by 920 bps, with EBITDA increasing 119.50% YoY in Q3FY26, driven by sourcing efficiencies, operational improvements, and operating leverage."

Operational Excellence and Strategic Initiatives

The standout performance was driven by significant margin expansion, with EBITDA margin improving by over 900 basis points year-on-year. Rishabh Standalone revenue increased 3.10% YoY in Q3FY26 and 10.60% YoY in 9MFY26 respectively, led by strong export growth. Continued cost optimization resulted in a standalone adjusted EBITDA margin of 26.30% in Q3FY26.

Lumel SA delivered strong growth of approximately 22.40% YoY in Q3FY26, supported by product diversification and geographic expansion. The EEI business recorded robust growth, with revenue up 17.70% in Q3FY26 and 14.00% in 9MFY26, alongside strong EBITDA expansion.

Board Meeting and Results Approval

Rishabh Instruments Limited conducted its board meeting on February 5, 2026, to consider and approve the quarterly financial results. The meeting was held through video conferencing from 2:30 PM to 3:40 PM IST, in accordance with regulatory requirements under SEBI listing obligations. The company subsequently released a comprehensive results presentation on February 6, 2026, providing detailed insights into its financial performance and strategic direction.

Global Expansion and Future Growth

The company remains confident in its growth trajectory, supported by a diversified business model and expanding global footprint across the Middle East, South Africa, South America, and Southeast Asia, where it is seeing encouraging traction. The HPDC business saw a planned revenue decline due to the phased exit from loss-making legacy contracts; however, 9MFY26 EBITDA improved to ₹64 million from a loss of ₹151 million last year, in line with expectations.