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Rishabh Instruments Subsidiary Lumel SA Secures ₹30 Crore Order from German Energy Firm
Rishabh Instruments' Polish subsidiary, Lumel SA, has secured a €3 million (approx. ₹30 Crores) order from a leading German energy sector company. This is a repeat order from the same client, reinforcing the company's strategic partnership and technical reliability in the European market. The contract involves the supply of advanced electronic devices for industrial automation through the end of 2027. This win follows recent manufacturing upgrades, including a new electronics assembly line commissioned in May 2025.
Key Highlights
Order value of €3 million (approx. ₹30 Crores) for industrial automation devices.
Repeat business from a major German energy company, following a June 2025 contract.
Contract execution timeline extends through the end of 2027.
Order leverages Lumel SA's modernized manufacturing facility and new assembly lines in Europe.
💼 Action for Investors
The repeat order confirms Rishabh's competitive edge in the European energy sector; investors should maintain a positive outlook on its international growth. Monitor for similar high-margin international contract wins.
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Rishabh Instruments Q3FY26 PAT Surges 161.5% YoY; EBITDA Margins Expand 920 Bps
Rishabh Instruments reported a strong Q3FY26 with consolidated PAT growing 161.5% YoY to ₹205.1 million, despite a modest revenue growth of 1.3%. The company witnessed significant margin expansion, with EBITDA margins jumping 920 bps to 17.1%, driven by operational efficiencies and a turnaround in the High Pressure Die Casting (HPDC) business. While the HPDC segment saw a planned revenue decline of 29.1% due to exiting loss-making contracts, its 9M EBITDA improved significantly to ₹64 million from a loss previously. The Electrical and Electronic Instruments (EEI) segment remains the primary growth driver, recording 17.7% revenue growth in Q3.
Key Highlights
Consolidated PAT for Q3FY26 grew by 161.5% YoY to ₹205.1 million
EBITDA margins expanded by 920 bps YoY to 17.1% in Q3FY26, driven by sourcing efficiencies
Electrical and Electronic Instruments (EEI) segment revenue grew 17.7% YoY to ₹1,388 million
HPDC business turned around with 9MFY26 EBITDA of ₹64 million vs a loss of ₹151 million in 9MFY25
Standalone PAT grew 110.8% YoY to ₹84.1 million with a PAT margin of 13.8%
💼 Action for Investors
Investors should note the significant operational turnaround in the HPDC segment and the substantial margin expansion across the group. The company's ability to triple its 9-month PAT despite single-digit revenue growth indicates strong operational leverage and successful cost optimization.
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Rishabh Instruments Reports Deviation in IPO Fund Utilization for Nashik Facility Expansion
Rishabh Instruments has disclosed a deviation in the utilization of its ₹750 million IPO proceeds for the quarter ended December 31, 2025. Following shareholder approval in September 2024, the company reallocated ₹300 million from the expansion of Nashik Manufacturing Facility I to a new Facility II. As of the reporting date, ₹224.31 million has been utilized for Facility I and ₹204.19 million for Facility II. The company has also utilized ₹77.20 million of the ₹79.20 million allocated for General Corporate Purposes.
Key Highlights
Total funds raised via Public Issue on September 11, 2023, amounted to ₹750 million.
Shareholders approved a reallocation of ₹300 million from Nashik Facility I to Nashik Facility II on September 13, 2024.
Utilization for Nashik Facility I stands at ₹224.31 million against a modified allocation of ₹321.80 million.
Utilization for Nashik Facility II stands at ₹204.19 million against an allocation of ₹300 million.
General Corporate Purpose funds are nearly exhausted with ₹77.20 million utilized out of ₹79.20 million.
💼 Action for Investors
Investors should track the completion timelines of both Nashik facilities to ensure the reallocated capital translates into expected production capacity. The deviation is not a cause for alarm as it was previously approved by shareholders and reflects strategic adjustments.
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Rishabh Instruments Q3 Standalone PAT Jumps 111% YoY to ₹84.1 Million
Rishabh Instruments reported a strong year-on-year performance for Q3 FY26, with standalone net profit more than doubling to ₹84.08 million from ₹39.85 million in the previous year. Revenue from operations saw a modest growth of 3% YoY, reaching ₹610.53 million. However, on a sequential basis, the company faced a decline in both revenue (down 7.5%) and PAT (down 33.5%) compared to Q2 FY26. The nine-month performance remains robust, with standalone PAT growing by 113% to ₹309.24 million.
Key Highlights
Standalone PAT for Q3 FY26 surged 111% YoY to ₹84.08 million compared to ₹39.85 million.
Revenue from operations grew 3.05% YoY to ₹610.53 million from ₹592.42 million.
9M FY26 Standalone PAT reached ₹309.24 million, a significant jump from ₹145.14 million in 9M FY25.
Total standalone expenses for the quarter decreased to ₹529.70 million from ₹570.21 million YoY.
Basic EPS for the quarter increased to ₹2.19 from ₹1.04 in the corresponding quarter of the previous year.
💼 Action for Investors
Investors should note the significant margin expansion and year-on-year profit growth, which indicates improved operational efficiency. While the sequential dip in revenue and profit requires monitoring, the strong nine-month performance supports a positive outlook.
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Rishabh Instruments bags Euro €1 million (₹10 Crores) contract
Rishabh Instruments has secured a new contract with a leading Electrical Equipment Supplier in Europe. The contract is valued at Euro €1 million, which is approximately ₹10 Crores. This contract involves the supply of Low Voltage Current Transformers (CTs). Deliveries are scheduled to be equally distributed across FY26 and FY27, indicating a steady revenue stream for the company over the next two fiscal years.
Key Highlights
Contract valued at Euro €1 million
Contract value approximately ₹10 Crores
Supply of Low Voltage Current Transformers (CTs)
Deliveries scheduled equally across FY26 and FY27
💼 Action for Investors
This new contract is a positive sign for Rishabh Instruments. Investors should monitor the company's progress in fulfilling this contract and its impact on future earnings.