Rishi Laser Ltd — Updates, 26-05-2025: Company Update

Rishi Laser reported 9% revenue growth to INR 37.7 Cr in Q4 and 7.5% growth to INR 150 Cr for FY25, with EBITDA margins improving 100bps in Q4 to 10.26%. PAT declined slightly due to higher interest and depreciation. The new Bangalore facility, with a INR 15 Cr CapEx, aims to ramp up to INR 100 Cr turnover in 3–4 years, supporting future growth. The company’s largest revenue source remains earthmoving equipment (~60-65%), supplemented by electrical, metro, and rail sectors. Export share is currently low (~11%) but expected to rise, with Caterpillar aftermarket spares identified as a key growth area. Margin expansion is limited by competitive pricing; profit growth will mainly come from higher volumes and operational efficiencies, including increased automation and investments in human capital and process R&D. The company is also launching retail cut steel parts and tube processing segments, which will be lower margin but higher volume. Management remains optimistic on growth driven by deeper OEM relationships, export ramp-up, and capacity utilization improvements across plants.