Rishi Laser Limited announced its unaudited financial results for the quarter ended December 31, 2025, presenting a mixed performance picture. The Board of Directors approved these results at their meeting held on February 13, 2026, with the company operating in the precision metal fabrication segment.

Regulatory Compliance and Board Meeting Details

The company submitted its quarterly results to BSE Limited under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board meeting commenced at 11:00 a.m. and concluded at 12:25 p.m. on February 13, 2026, where directors considered, approved and took on record the unaudited financial results along with the Limited Review Report.

Quarterly Financial Performance

The company's Q3 FY26 performance showed sequential decline in key metrics. Revenue from operations decreased to ₹3,639.18 lakhs from ₹4,284.01 lakhs in the previous quarter, though it remained relatively stable compared to ₹3,695.75 lakhs in Q3 FY25.

Impact of Exceptional Items

The quarter's profitability was significantly affected by exceptional items worth ₹37.39 lakhs. The company recognized an incremental provision towards the impact of new Labour Codes, 2020, classified as exceptional due to its regulatory-driven, non-recurring nature. This provision reduced the profit after exceptional items to a loss of ₹6.37 lakhs before tax adjustments.

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, Rishi Laser demonstrated resilient performance despite quarterly challenges. Revenue from operations increased to ₹12,026.40 lakhs compared to ₹11,295.08 lakhs in the corresponding period of the previous year.

Operational Metrics and Key Highlights

The company maintained stable operational parameters during the quarter. Employee benefits expense increased to ₹814.35 lakhs in Q3 FY26 from ₹666.12 lakhs in Q3 FY25, reflecting business expansion activities. Finance costs rose to ₹116.40 lakhs compared to ₹66.45 lakhs in the corresponding quarter of the previous year.

Key operational developments included:

• Application of lease accounting under Ind AS 116 for new lease premises
• Reclassification of rental expenses into finance charges and amortization
• Continued monitoring of Labour Code implementations and state rule finalizations

Auditor Review and Compliance

Shah Mehta & Bakshi Chartered Accountants (Firm Registration No: 103824W) conducted the Limited Review of the unaudited financial results. Partner Himesh D. Gajjar (Membership No.: 177342) signed the review report on February 13, 2026, confirming compliance with Indian Accounting Standards and SEBI regulations.

Financial Position and Equity Structure

Rishi Laser maintained a stable capital structure with paid-up equity share capital of ₹919.26 lakhs, consisting of shares with a face value of ₹10 each. The basic and diluted earnings per share for Q3 FY26 stood at ₹0.46, significantly lower than ₹2.30 in the previous quarter due to the impact of exceptional items and reduced profitability.

The company's other equity excluding revaluation reserve was ₹2,606.39 lakhs as of March 31, 2025. Total comprehensive income for the quarter was ₹2.38 lakhs after accounting for other comprehensive income adjustments.

Rishi Laser Limited , a pioneer in laser cutting technology, has reported a robust performance for the second quarter of fiscal year 2026, with revenue growth and the commencement of operations at its new Bangalore facility.

Financial Highlights

For Q2 FY26, Rishi Laser Limited posted the following results:

The company demonstrated solid top-line growth, with revenue increasing by 9.83% year-over-year. EBITDA saw a significant improvement of 19.50%, indicating enhanced operational efficiency. However, the PAT margin experienced a slight contraction of 38 basis points, despite a modest increase in absolute PAT figures.

New Bangalore Facility

A key highlight of the quarter was the commencement of operations at Rishi Laser's new 70,000 sq ft facility in Bangalore. This strategic expansion aims to capitalize on the growing demand in the construction equipment segment, which currently contributes 54.19% of the company's revenue. The management has set a target of generating ₹100 crores in revenue from this facility over the next four years.

Segment Focus

The construction equipment segment remains a crucial driver for Rishi Laser's growth, accounting for more than half of its current revenue. This focus aligns with India's infrastructure development plans and the government's push for increased construction activity.

Investor Presentation Insights

The company's recent investor presentation revealed several key points:

1. Diverse Manufacturing Footprint: Rishi Laser operates across multiple locations in India, including Pune, Bangalore, Savli, Chennai, and Kundli.
2. Comprehensive Offerings: The company provides end-to-end capabilities in sheet metal fabrication, including CNC laser cutting, bending, welding, and surface treatment.
3. Industry Diversification: While construction equipment is the largest segment, Rishi Laser also serves other sectors such as automotive, electrical equipment, and agriculture machinery.
4. Future Roadmap: The company is focusing on scaling up operations, enhancing automation, and expanding into new segments like tubes for infrastructure projects.

Market Position

As of November 14, 2025, Rishi Laser's stock was trading at ₹125.75, with a market capitalization of ₹115.60 crores. The 52-week high/low range stood at ₹163.00 / ₹88.00, indicating significant price movement over the past year.

Outlook

With the new Bangalore facility operational and a strong focus on the construction equipment segment, Rishi Laser appears well-positioned to capitalize on India's infrastructure growth story. The company's diversified manufacturing presence and comprehensive service offerings provide a foundation for future growth.

However, investors should note that while revenue and EBITDA have shown impressive growth, the slight decline in PAT margin warrants attention. The company's ability to manage costs and improve bottom-line performance will be crucial in the coming quarters.

As India continues to invest in infrastructure development and with global supply chains shifting, Rishi Laser's expertise in precision metal fabrication could present opportunities for expansion and market share growth in the medium to long term.