Rishabh Instruments Limited — Investor Meet, 21-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Rishabh Instruments reported robust Q2 FY26 consolidated revenue growth of 7.7% and EBITDA soaring 220% to ₹33.4 Cr, with PAT up 475% to ₹22.1 Cr. Standalone EBITDA margin reached 26.1%, Lumel SA 24.4%. Lumel Alucast's H1 adjusted EBITDA turned positive at ₹7.8 Cr after exiting low-margin contracts, aiming for 10-11% EBITDA next year. Management projects full-year consolidated EBITDA of ₹100 Cr, citing sustainable 20-22% electronics margins from procurement and operational efficiencies. India's CAPEX will double production capacity by mid-2026. New solar inverter launched with 1000 orders. The company focuses on new products and market expansion in Middle East, US, and Southeast Asia, showing confidence in achieving targets despite global headwinds.