ALFA Finder| Revenue growth | Consolidated Q2 +8.4%; H1 +6.3% YoY |
|---|---|
| Margins | Consol GM -350bps Q2; EEI adj EBITDA margin 23.1%, +10bps H1 |
| Demand visibility | Industry outlook favourable: electrification, grid, AI data centres |
| Management confidence | Calls performance steady; HPDC FY27 guidance on track |
Growth
EEI H1 revenue +29.3% and adj EBITDA +29.9%; HPDC revenue -36.6%. Consolidated Q2 PAT ₹181 Mn, down 17.9% YoY.
Outlook
No numeric FY27 growth guidance; HPDC to stay adj EBITDA breakeven for FY27; new products targeted at US, Africa, SE Asia.
Risks
Consolidated gross margin down 350 bps in Q2 on product mix; HPDC adj EBITDA ₹(32) Mn in H1; ₹25 Mn WHT provision.
Last quarter's promises, checked
Delivered
- EEI top-line ~20% YoY → H1 EEI revenue +29.3% (= BEAT)
- EEI adj EBITDA margin 20–22% → H1 23.1% (= BEAT)
Partly delivered
- HPDC/Lumel Alucast adj EBITDA breakeven by FY27-end → H1 adj EBITDA ₹(32) Mn, still loss-making (= PARTIAL)
Investor Presentation filed with BSE, NSE: RISHABH. Summary written with AI assistance from the document.
Rishabh Instruments Ltd: key numbers
- Share price
- ₹635.80
- Market cap
- ₹2,468 Cr
- Revenue (annual)
- ₹775.1 Cr
- Net profit (annual)
- ₹81.53 Cr
- P/E (TTM)
- 32.2×Sector 42.6×
- Promoter holding
- 69.28%-0.12% QoQ
- FII holding
- 2.32%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Rishabh Instruments Ltd
All →Rishabh Instruments Results Correction
Rishabh Instruments corrected EPS figures in its September 30, 2026 quarter and half-year financial results. The revisions affect EPS only, with no change to other reported financials.
Rishabh Instruments Other Announcement
Rishabh Instruments filed its Reg 32 IPO proceeds statement for the quarter ended 30 September 2026. It reports a shareholder-approved deviation in Nashik facility funding.
Rishabh Instruments Q2 FY27 Results: Net Profit ₹18.1 Cr, Down 18.1% YoY
Rishabh Instruments Ltd reported revenue from operations of ₹212.8 Cr (+8.4% YoY) and net profit of ₹18.1 Cr (-18.1% YoY) for Q2 FY27.
- Key figure
- Net profit ₹18.1 Cr · -18.1% YoY
Rishabh Instruments Board Meeting Date
Rishabh Instruments will hold a board meeting on 13 November 2026 to consider unaudited standalone and consolidated results for the quarter and half year ended September 30, 2026. This is an advance notice, so the outcome is not yet known.
Rishabh Instruments Employee Stock Options
Rishabh Instruments Limited allotted 1,22,295 equity shares under its Employee Stock Option Plan 2022 - Scheme A to eligible employees, pursuant to exercise of options.
Rishabh Instruments Other Announcement
The company filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026.