Rishabh Instruments Limited — PPTs, 07-02-2025: Investor Presentation

**Financial Highlights**

Consolidated revenues for Q3FY25 reached INR 1,812 Mn, a year-on-year growth of 13.7%, while the nine-month figure was INR 5,329 Mn, up 4.1% YoY. The gross margin improved to 57.3%, reflecting a rise of 270 bps YoY. Adjusted EBITDA stood at INR 172 Mn, showing a significant recovery from Q2FY25's negative margin. Profit Before Tax (PBT) increased to INR 109 Mn, yielding a PBT margin of 6.0%. The net profit for Q3FY25 was reported at INR 79 Mn.

**Strategic Initiatives and Growth Drivers**

Rishabh Instruments is focused on enhancing its solar business, with a projected revenue surge, especially with new product launches in Solar Inverters. The company is strategically investing in expanding its capacity, particularly at its facilities in Nashik and Poland. They aim to capture more market share through innovative product offerings and improved operational efficiencies.

**Business Developments**

The acquisition of SCADA software from Microsys will enhance Rishabh's capability in process automation, aligning with their long-term digital strategy.

**Market Position and Competitive Advantage**

Rishabh continues to solidify its leadership in electrical automation and related product segments, leveraging strong brand recognition and expanding its geographical footprint, particularly in Europe and Asia.

**Investor Implications**

With encouraging growth in revenues and strategic initiatives poised to enhance profitability, there appears to be a positive outlook for continued growth. Investors should monitor progress closely, particularly in the solar and automation segments, as they expand their market presence and improve financial health.