Rishabh Instruments Limited — PPTs, 14-08-2025: Investor Presentation

Here's a summary of the Q1 FY26 updates for Rishabh Instruments Limited:

**1. Financial Highlights:**

Q1 FY26 consolidated revenue rose 12.4% to Rs 190.3 Cr. EBITDA surged 275.9% to Rs 28.4 Cr, and PAT soared 510.2% to Rs 19.6 Cr. The High-Pressure Die Casting (HPDC) business (Lumel Alucast) notably achieved a remarkable turnaround with double-digit EBITDA margins.

**2. Strategic Initiatives & Growth Drivers:**

The Electrical and Electronic Instruments (EEI) business’s five-year roadmap targets 50% incremental turnover from new products. Nashik capacity is doubling, and Lumel Alucast's 1.5 MW solar rooftop is operational. Company focuses on product localization and the booming "Made in India" solar inverter market.

**3. Business Developments:**

Lumel Alucast's turnaround resulted from strategic contract and cost optimization. Lumel SA, despite European headwinds, secured a Rs 50 Cr electronics order. Reporting is now split into EEI/HPDC. Lumel SA also received prestigious Forbes Diamonds and Business Gazelles awards.

**4. Market Position & Competitive Advantage:**

Rishabh leads globally in analog panel meters and low voltage current transformers, with extensive in-house manufacturing. It pioneered India's end-to-end solar string inverters and is a top European non-ferrous casting player. Strong R&D and successful acquisitions fortify its competitive edge.

**5. Investor Implications:**

Strong Q1 FY26 results, driven by HPDC's turnaround and margin expansion, signal positive growth potential. Strategic innovation and solar investments position the company for sustainable profitability. Continued momentum is likely; Lumel SA's European market recovery remains a key monitor.