Slide 1: Exchange covering letter for results presentation
February 6, 2026 To, To, National Stock Exchange of India Limited, BSE Limited, Exchange Plaza, Plot No. C/1, G Block, Bandra- Phiroze Jeejeebhoy Towers, Kurla Complex, Bandra (East), Mumbai – 21st Floor, Dalal Street, 400051 Mumbai – 400001 NSE Symbol: RISHABH BSE Scrip Code: 543977 Dear Sir/Madam,
Slide 2: Investor Presentation – Q3 & 9M FY26
RISHABH INSTRUMENTS LIMITED Investor Presentation – Q3 & 9M FY26 Measure Control Record Analyze Click Here for Rishabh’s Corporate Video
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Rishabh Instruments Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any s
Slide 4: Financial Performance
1 FINANCIAL PERFORMANCE
Slide 5: Management Commentary
Management Commentary Commenting on the Q3 & 9MFY26 results, Mr Dineshkumar Musalekar, said, “Our consolidated revenue grew 1.3% YoY in Q3FY26 and 7.0% in 9MFY26, supported by product expansion and steady demand across key markets. Consolidated EBITDA margins expanded by 920 bps, with EBITDA increas
Slide 6: Q3 & 9MFY26 Standalone Financial Highlights
Q3 & 9MFY26 Standalone Financial Highlights Revenue (Rs. Mn) EBITDA (Rs. Mn) PAT (Rs. Mn) +10.6% +111.3% +113.1% 1,888 443 309 1,708 +3.1% +117.7% 210 145 +110.8% 592 611 129 84 59 40 Q3FY25 Q3FY26 9MFY25 9MFY26 Q3FY25 Q3FY26 9MFY25 9MFY26 Q3FY25 Q3FY26 9MFY25 9MFY26 Gross Margin (%) EBITDA Margin (
Slide 7: Q3 & 9MFY26 Consolidated Financial Highlights
Q3 & 9MFY26 Consolidated Financial Highlights Revenue (Rs. Mn) EBITDA (Rs. Mn) PAT (Rs. Mn) +7.0% +188.8% +317.9% 5,703 932 622 5,329 +1.3% +119.5% +161.5% 1,812 1,836 314 323 205 149 143 78 Q3FY25 Q3FY26 9MFY25 9MFY26 Q3FY25 Q3FY26 9MFY25 9MFY26 Q3FY25 Q3FY26 9MFY25 9MFY26 Gross Margin (%) EBITDA M
Slide 8: Segment Financial Highlights: EEI and HPDC
Q3 & 9MFY26 Consolidated Financial Highlights Revenue (Rs. Mn) Adj EBITDA* (Rs. Mn) Adj EBITDA Margins (%) Electrical and Electronic +74.9% +970 bps +14.0% +845 bps 945 Instruments 3,897 26.6% 3,419 24.2% +17.7% +84.9% 540 16.9% 15.8% 1,388 369 1,180 200 Q3FY25 Q3FY26 9MFY25 9MFY26 Q3FY25 Q3FY26 9MF
Slide 9: Margin Profile on a Growth Trajectory
Margin Profile on a Growth Trajectory Standalone EBITDA & EBITDA Margins EBITDA (%) EBITDA 200 26.1% 30 Key Highlights 23.1% 20.5% 21.1% 25 150 ❖Standalone EBITDA margins 15.4% 20 includes provision of ₹32 Mn, 100 11.5% 15 10.0% 172 comprising ₹8 Mn towards ESOP 140 143 129* 10 50 costs and ₹24 Mn d
Slide 10: 9MFY26 Product & Geography wise Revenue
9MFY26 Product & Geography wise Revenue 9MFY25 9MFY26 Key Highlights ❖ We have restructured our reporting 34.3% 31.5% segment into two business Division for improved operational focus, market positioning, and ease of 65.7% understanding: 68.5% ❑ Electrical and Electronic Instruments (EEI) – Integrat
Slide 11: Q3 & 9MFY26 Standalone Profit & Loss Statement
Q3 & 9MFY26 Standalone Profit & Loss Statement Profit & Loss [Rs. Mn] Q3FY26 Q3FY25 YoY / Bps 9MFY26 9MFY25 YoY / Bps Revenue from Operations 610.5 592.4 3.1% 1,888.4 1,708.0 10.6% COGS 263.9 327.3 826.9 900.5 Gross Profit 346.6 265.1 30.7% 1,061.5 807.4 31.5% GP Margin % 56.8% 44.8% 1,202 bps 56.2%
Slide 12: Q3 & 9MFY26 Consolidated Profit & Loss Statement
Q3 & 9MFY26 Consolidated Profit & Loss Statement Profit & Loss [Rs. Mn] Q3FY26 Q3FY25 YoY / Bps 9MFY26 9MFY25 YoY / Bps Revenue from Operations 1,836.2 1,811.9 1.3% 5,702.8 5,328.9 7.0% COGS 645.9 772.9 2,081.8 2,281.1 Gross Profit 1,190.3 1,038.9 14.6% 3,621.0 3,047.8 18.8% GP Margin % 64.8% 57.3%
Slide 13: About Us
2 ABOUT US
Slide 14: About Rishabh Instruments
About Rishabh Instruments Rishabh Instruments Limited - A Leading Global Energy Efficiency Solution Provider Established in 1982 3000* 145+ 100+ Rishabh Instruments Limited is a leading engineering Global Product Lines Countries company to design, develop Customers Served and manufacture Global Ener
Slide 15: Company Timeline
Company Timeline › Started Constructi on of New › Incorporated › Agreement for technical › Sifam Tinsley › Acquisition of Shanghai › Received M-SIPs › Listed on Stock Facility in assistance with M/s Instrumentation Yihua V&A approval from Govt. of Exchanges Nashik Gossen – Metrawatt Ltd acquired Ins
Slide 16: Diversified Product Portfolio
Diversified Product Portfolio… High Pressure Die Electrical and Electronic Instruments (EEI) Casting (HPDC) Temperature Temperature Analog Panel Current Rotary CAM Digital Digital Digital Solar String I/O Controller and Humidity Meter Transformer Switch Multi Clamp Insulation Invertors Converter Rec
Slide 17: Leading Market Positioning in Key Segments
… with Leading Market Positioning in Key Segments... High Pressure Die Electrical and Electronic Instruments (EEI) Casting (HPDC) #1 #1 #2 #3 3mn 3rd player in the Digital 1st player in Electrical First company in India 2nd player in Portable Aluminum cast housings Panel Meters in India transducers
Slide 18: Manufacturing Presence across Geographies
… and Manufacturing Presence across Geographies… Our 5 Manufacturing units are in India, Poland and China and 2 modifications center are in UK and US Large facilities with an average spread area of 10,000+ sq. mt. Annual Installed Capacity of 38.5 mn products per annum* Current Capacity utilisation
Slide 19: Five State of the Art Facilities
With five State of the Art Facilities… Nashik | Indian Manufacturing Facilities Poland | Polish Manufacturing Facilities Lumel SA Facility I Facility 1 spread over 10,240 sq. mt. Facility 1 spread over 12,000 sq. mt. Lumel Alucast Facility II Facility 2 spread over 9,195 sq. mt. Facility 2 spread ov
Slide 20: Two Modification Centres
And two Modification Centres… Shanghai | China Manufacturing Facility Sifam Tinsley | Modification Centre UK Czech Republic | SCADA Software Company US 19
Slide 21: Marquee Clientele Base
… and Marquee Clientele Base with long standing relationship Note: The Brand Names mentioned are the property of their respective owners and are used here for identification purpose only 20
Slide 22: Installed Capacity and Utilisation; Capex Plans
… serving through our in-house ample capacities Total Installed Capacity and Utilisation As of March 31, As of March 31, As of March 31, As of March 31, As of March 31, Total of all Manufacturing Facilities (All Products) 2021 2022 2023 2024 2025 Installed Capacity (Annual Units p.a. in millions) 28
Slide 23: Backed by History of Strong Acquisitions
Backed by History of Strong Acquisition’s Successful Integration of Acquired Businesses across Geographies to drive growth Poland UK Poland Restructuring China Czech Republic 2012 2013/14 2016 2019 2020 2024 o Acquired Sifam meter o Restructured “Lumel” into o Acquired Shanghai VA o Lumel acquired a
Slide 24: Growth Drivers
3 Growth Drivers
Slide 25: Our Core Expertise
Our Core Expertise Strong and demonstrated management capabilities Acquired a loss-making business in Europe in 2012 and turnaround the company to 18% EBITDA margin Ability to drive technology and innovation through advanced and accredited R&D capabilities New product launch contributed to around 10
Slide 26: Vertically Integrated Business Model
Vertically Integrated Business Model Product Conceptualization Vertical Integration with Die-casting Vertical Integration with Electrical • Uncovers the unarticulated needs of consumers business to produce moulds Post Lifecycle Support • Drives efficiency and consumer manufacturing units value 01 De
Slide 27: In-House R&D Capabilities
In-House R&D Capabilities Launched and developed technology through continuous R&D 3 2 Design Registrations Global Patents Clamp Meter Invented and patented the rotary jaw mechanism and Multimeter, current Clamp meters with rotary safe trigger mechanism for clamp meters and voltage transducer, jaw m
Slide 28: Key Growth Strategies
Key Growth Strategies Promote product Target new customers cessible localization and Capitalize Be Ac and expand existing on company’s presence in customer accounts China, India and Europe ss Ha ompetitivene ve a Reliable Pr ost c o C duc t Continue to pursue long Enhance product term growth strateg
Slide 29: Industry Growth Drivers
Industry Growth Drivers 01 02 Electronics & Semiconductor Connected Vehicle/EV • Rising adoption of Industrial IoT solutions • Aluminum Die Casting expected to receive and integration of OT-IT shop floor significant fillip from EVs • Emphasis on DER* expands the need for • Integrated solutions of hi
Slide 30: Prestigious Awards received by Lumel SA
Prestigious Awards received by Lumel SA Lumel SA has received 3 prestigious awards, underscoring its exceptional performance and consistent growth over the past three years FORBES DIAMONDS 2025 BUSINESS GAZELLES 2024 INNOVATION AWARD A Symbol of From the Three Years of Financial Marshal of the Consi
Slide 31: Key Events in FY25
Key Events in FY25 Rishabh Instruments Conducts 5-year Global Product Rishabh Instruments partnership with ASPIRE-IITB Development strategy workshop Research Park Foundation Rishabh Instruments partnership with ASPIRE-IITB Research Park Foundation, Rishabh Instruments hosted an intensive, weeklong G
Slide 32: Huge Opportunity on Solar Business
HUGE Opportunity on Solar Business…. Launch of PM Suryaghar Muft Bijli Yojana, installing solar panels in Introducing next Market generation 1 crore households. The 2024-25 Budget allocates Rs 7,327 crore Opportunity to solar projects. solar inverters now made in India In-house R&D team has 23% In-h
Slide 33: Acquired SCADA Software in FY25
Acquired SCADA Software in FY25 MICROSYS, spol. s r.o. company was established in 1991 as a Czech company with the headquarters in Ostrava Engaged in development of PROMOTIC visualization software (SCADA) and implementation of applications in the field of industrial process automation Focused on R&D
Slide 34: Corporate Structure
4 CORPORATE STRUCTURE
Slide 35: Corporate Structure at a Glance
Corporate Structure at a Glance Rishabh Instruments Limited 99.6% 100% 100% 99.94% Energy Solution Labs Pvt. Ltd. Dhruv Enterprises Ltd. Sifam Tinsley Instrumentation Shanghai VA Instrument Co. Ltd. (India) (Cyprus) Inc. (USA) (China) 100% 50.1% 100.0% Lumel Alucast Sp. Z.o.o Sifam Tinsley Instrumen
Slide 36: Experienced Board of Directors
Experienced Board of Directors Narendra Joharimal Goliya Dineshkumar Musalekar Promoter, Executive Chairman Whole Time Director o Experience: 40+ years in manufacturing and o Experience: 30+ years in manufacturing and electrical industry electrical industry o Previously associated with Avire India P
Slide 37: Strong Management Team
Strong Management Team Narendra Joharimal Goliya Dineshkumar Musalekar Vishal Kulkarni Promoter, Executive Chairman Wholetime Director Chief Financial Officer o Experience: 40+ years in manufacturing and electrical industry o Experience: 30+ years in manufacturing and electrical industry o Associate
Slide 38: Awards and Accolades
Awards and Accolades 37
Slide 39: Approvals and Certifications
Approvals and Certifications 38
Slide 40: Environmental Health and Safety Management System
Environmental Health and Safety Management System Energy Saving Devices Manufactures wide range of cost-effective process optimization products Zero Carbon Emission – RoHS Compliant • Conservation of natural resources like energy, water by implementation of resource management program • Prevention o
Slide 41: Corporate Social Responsibility
Corporate Social Responsibility IIT Collaboration Tied up with IIT Jodhpur to setup a center for innovation in Green Energy. Started engagement with IIT Bombay as part of the ASPIRE (Applied Science Park for Innovation Research & Entrepreneurship) where RIL will be working on innovative ideas in the
Slide 42: Historical Financial Highlights
5 Historical Financial Highlights
Slide 43: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Profit and Loss (Rs. Mn) FY25 FY24 FY23 FY22 FY21 Revenue from Operations 7,203 6,897 5,695 4,703 3,900 Cost of Goods Sold 3,009 2,899 2,563 1,972 1,562 Gross Profit 4,194 3,998 3,132 2,731 2,337 Gross Profit Margin 58.2% 58.0% 55.0% 58.1% 59.9% Employee Cost 2,0
Slide 44: Consolidated Balance Sheet
Consolidated Balance Sheet Assets (Rs. Mn) Mar-25 Mar-24 Mar-23 Mar-22 Mar-21 Equity & Liabilities (Rs. Mn) Mar-25 Mar-24 Mar-23 Mar-22 Mar-21 Non - Current Assets 3,589.6 2,917.9 2,391.6 2,313.6 2,320.9 Total Equity 6,142.8 5,637.7 4,087.5 3,461.0 3,021.3 Property Plant & Equipment's 2,770.8 2,395.
Slide 45: Consolidated Abridged Cash Flow Statement
Consolidated Abridged Cash Flow Statement Particulars (Rs. Mn) FY25 FY24 FY23 FY22 FY21 Net Profit Before Tax 301.3 510.5 607.2 592.4 458.0 Adjustments for: Non -Cash Items / Other Investment or Financial Items 364.9 469.0 285.4 166.8 196.4 Operating profit before working capital changes 666.3 979.5
Slide 46: Thank You
T h a n k Yo u . . For more information, please contact Company: Investor Relations Advisor: Rishabh Instruments Limited. Strategic Growth Advisors Pvt. Ltd. CIN - L31100MH1982PLC028406 CIN - U74140MH2010PTC204285 Mr. Ajinkya Joglekar (CS) Mr. Sagar Shroff / Mr. Vatsal Shah ajinkya.joglekar@rishabh.