Rishabh Instruments FY26 Consolidated Net Profit Surges 292% to INR 822.59 Million

Rishabh Instruments has announced its audited financial results for the quarter and year ended March 31, 2026. The Board of Directors approved the results at its meeting held on May 18, 2026, alongside the recommendation of a final dividend and the appointment of statutory auditors for the upcoming fiscal year. The statutory auditors, MSKA & Associates LLP, issued an unmodified opinion on both the standalone and consolidated financial results.

Financial Performance Overview

For the financial year ended March 31, 2026, Rishabh Instruments reported a consolidated net profit of INR 822.59 million, a substantial increase from INR 209.73 million in the previous year. Consolidated total income for the year rose to INR 7,958.43 million from INR 7,348.71 million. On a standalone basis, net profit for the year stood at INR 416.66 million compared to INR 233.75 million in the corresponding period, while standalone total income grew to INR 2,810.14 million from INR 2,491.16 million.

The following table summarizes the audited annual financial results:

Metric: FY26 (INR Million) FY25 (INR Million) Consolidated Revenue from Operations: 7,751.46 7,203.40 Consolidated Total Income: 7,958.43 7,348.71 Consolidated Profit Before Tax: 1,059.77 298.39 Consolidated Net Profit (PAT): 822.59 209.73 Standalone Revenue from Operations: 2,676.17 2,391.87 Standalone Total Income: 2,810.14 2,491.16 Standalone Profit Before Tax: 559.32 313.99 Standalone Net Profit (PAT): 416.66 233.75 Basic EPS – Consolidated (Rs.): 21.21 5.86 Diluted EPS – Consolidated (Rs.): 21.07 5.84 Basic EPS – Standalone (Rs.): 10.84 6.12 Diluted EPS – Standalone (Rs.): 10.77 6.10

Quarterly Performance

In the quarter ended March 31, 2026, consolidated net profit was INR 200.34 million compared to INR 61.09 million in the same quarter of the previous year. Consolidated revenue from operations for the quarter stood at INR 2,048.63 million. On a standalone basis, quarterly net profit reached INR 107.42 million against INR 88.60 million in the year-ago quarter, with standalone revenue from operations at INR 787.78 million.

Metric: Q4 FY26 (INR Million) Q3 FY26 (INR Million) Q4 FY25 (INR Million) Consolidated Revenue from Operations: 2,048.63 1,836.20 1,874.50 Consolidated Net Profit: 200.34 205.13 61.09 Standalone Revenue from Operations: 787.78 610.53 683.90 Standalone Net Profit: 107.42 84.08 88.60

Geographical Segment Performance

The Group's operations span three geographical segments. Europe remained the largest contributor to consolidated revenue from operations for the year ended March 31, 2026, followed by Asia and Other regions.

Geography: FY26 Revenue (INR Million) Q4 FY26 Revenue (INR Million) Asia: 1,922.96 539.61 Europe: 5,268.40 1,349.76 Other: 560.10 159.26 Total: 7,751.46 2,048.63

Balance Sheet Highlights

On a consolidated basis, total assets stood at INR 10,027.64 million as at March 31, 2026, compared to INR 8,880.03 million in the previous year. Total equity increased to INR 7,490.73 million from INR 6,140.39 million. On a standalone basis, total assets were INR 5,062.93 million against INR 4,497.85 million, with total equity at INR 4,596.35 million compared to INR 4,087.38 million.

Balance Sheet Metric: Consolidated FY26 (INR Million) Consolidated FY25 (INR Million) Total Assets: 10,027.64 8,880.03 Total Equity: 7,490.73 6,140.39 Total Non-Current Assets: 4,699.66 3,606.63 Total Current Assets: 5,327.98 5,273.40 Cash and Cash Equivalents: 964.11 900.48

Cash Flow Summary

For the year ended March 31, 2026, consolidated net cash flow from operating activities was INR 1,084.82 million, up from INR 649.54 million in the previous year. Net cash used in investing activities was INR 1,168.18 million, primarily on account of capital expenditure of INR 1,103.89 million. Net cash used in financing activities was INR 282.40 million. On a standalone basis, net cash inflow from operating activities was INR 581.00 million compared to INR 373.04 million in the prior year.

Cash Flow Metric: Consolidated FY26 (INR Million) Consolidated FY25 (INR Million) Net Cash from Operating Activities: 1,084.82 649.54 Net Cash used in Investing Activities: (1,168.18) (815.99) Net Cash from/(used in) Financing Activities: (282.40) 374.94 Closing Cash & Cash Equivalents: 964.11 900.48

Dividend Declaration

The Board has recommended a final dividend of Rs. 2/- (20%) per equity share of Rs. 10 each, fully paid, for the financial year ended March 31, 2026. This dividend is subject to the approval of shareholders at the ensuing Annual General Meeting. The final dividend, if declared, will be paid within the statutory period of 30 days from the date of approval at the AGM. The Record Date for determining eligibility will be communicated to the stock exchanges separately.

Restatement of Prior Period Figures

The consolidated financial results for the year ended March 31, 2025 have been restated following the completion of Purchase Price Allocation for the acquisition of MICROSYS, spol. s.r.o by the Group's step-down subsidiary Lumel S.A. Sp. Z.O.O. The acquisition was made through a share purchase agreement dated August 06, 2024 for a consideration of EURO 13,48,837. The restatement resulted in an adjustment to consolidated profit after tax for the year ended March 31, 2025, revised to INR 209.73 million from INR 212.09 million as previously reported, and basic EPS restated to Rs. 5.86 from Rs. 5.92.

Auditor Appointments

The Board appointed M/s. Rajendra P. Shah & Co., Chartered Accountants, Nashik, as Internal Auditors of the Company for FY 2026-27. Mr. Hareesh Shetty, Cost Accountant, Nashik, was appointed as Cost Auditor for the same period. Both appointments were made at the Board Meeting held on May 18, 2026.

Rishabh Instruments Limited has announced that its wholly owned subsidiary Lumel SA has secured a significant €3 million contract from a Germany-based energy sector company. The contract, valued at ₹30.00 crores, represents another milestone in the company's European expansion strategy and strengthens its position in the global energy automation market.

Contract Details and Scope

The contract encompasses the supply of advanced electronic devices specifically designed for industrial automation applications within the energy sector. According to the regulatory filing made under Regulation 30 of SEBI Listing Regulations, the agreement extends through the end of 2027, providing a clear timeline for project execution and delivery.

Parameter: Details Contract Value: €3 million (₹30.00 crores) Client: Germany-based energy sector company Product Scope: Advanced electronic devices for industrial automation Contract Duration: Through end of 2027 Nature: One-time order Entity Type: International

Strategic Partnership Development

This contract marks the second order from the same German customer, following a previous announcement. The repeat business demonstrates the strength of the relationship between Lumel SA and the German partner, reflecting continued confidence in the subsidiary's capabilities and solutions. The strategic engagement follows several months of collaborative development and engineering between the teams, resulting in tailored solutions designed to address specific technical and operational requirements of the energy sector.

Manufacturing Capabilities Enhancement

Lumel SA's ability to secure this contract is supported by recent investments in manufacturing infrastructure. The subsidiary commissioned one of Europe's most advanced electronics assembly lines as part of its modernization program, significantly strengthening production capacity and operational flexibility. These enhancements position the company to meet growing demand for advanced energy automation solutions.

Management Commentary

Mr. Dineshkumar Musalekar, Whole-Time Director of Rishabh Instruments Limited, highlighted the significance of this achievement: "This €3 million contract marks an important milestone in our European expansion strategy and reinforces our position as a trusted technology partner in the global energy sector. Securing a second order from the same German customer highlights our ability to build long-term relationships and deliver high-quality, customized solutions for critical industrial automation applications."

Company Background

Rishabh Instruments Limited, incorporated in 1982, specializes in manufacturing, design and development of global energy efficiency solutions. The company focuses on electrical automation, electrical instrumentation, metering and measurement, and precision engineered products. With 350+ global authorized dealers and stockists catering to 70+ countries, the company operates manufacturing facilities in India, Poland and China, supported by 5 international and 8 domestic sales and marketing offices.

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