Rishi Laser Limited announced its financial results for the quarter and half year ended 30th September, 2026 through a regulatory filing submitted to BSE Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Quarterly Performance (Q2 FY27)

  • Total Income: ₹54.38 crore, representing a 26.65% year-on-year increase from ₹42.94 crore in Q2 FY26
  • Revenue: ₹54.23 crore, up 26.58% year-on-year
  • EBITDA: ₹3.97 crore, compared to ₹4.27 crore in Q2 FY26, representing a decline of 6.90%
  • EBITDA Margin: 7.30%, down 263 basis points from 9.94% in Q2 FY26
  • PAT: ₹1.14 crore, compared to ₹2.11 crore in Q2 FY26, representing a decline of 45.87%
  • PAT Margin: 2.10%, down 281 basis points from 4.92% in Q2 FY26
  • EPS: ₹1.15

Half-Yearly Performance (H1 FY27)

  • Total Income: ₹96.82 crore, representing a 14.77% year-on-year increase from ₹84.37 crore in H1 FY26
  • Revenue: ₹96.48 crore, up 15.04% year-on-year
  • EBITDA: ₹6.90 crore, compared to ₹8.25 crore in H1 FY26, representing a decline of 16.39%
  • EBITDA Margin: 7.13%, down 265 basis points from 9.78% in H1 FY26
  • PAT: ₹1.64 crore, compared to ₹3.88 crore in H1 FY26, representing a decline of 57.78%
  • PAT Margin: 1.69%, down 290 basis points from 4.60% in H1 FY26
  • EPS: ₹1.66

Operational Highlights and Expense Analysis

  • Revenue growth was driven by the ramp-up of the Malur facility and higher capacity utilization across plants
  • Employee Benefit Expense: Increased 31.06% due to higher headcount and annual increments, with the workforce not yet fully utilized
  • Other Expenses: Rose 35.12% due to higher processing charges for outsourced job work
  • Depreciation: Increased 72.86% due to machines purchased for in-house machining centre and paint shop at Malur and Pune facilities
  • Finance Costs: Increased 51.51% due to financing of new machinery for the same facilities

Management Commentary

Mr. Harshad Patel, Managing Director of Rishi Laser Limited, stated that the company continues to target approximately 20% revenue CAGR over the next three years. This growth is expected to be supported by:

  • Malur facility ramp-up
  • Deeper automation
  • In-house capabilities being commissioned

The management expects operational discipline and margin recovery through better capacity utilization. They specifically noted that processing charges for outsourced job work are expected to come down in the coming quarters as the internal set-up of the machining centre and paint shops becomes operational.

Company Background

Rishi Laser Limited, incorporated in 1992, is described as one of India's pioneers in laser cutting and steel fabrication. The company provides end-to-end metal fabrication services including design, cutting, welding, machining, painting, and assembly.

Manufacturing Facilities: Six facilities across India

Recent Additions: In-house machining centres and paint shops at select plants (capabilities not previously available)

Sectors Served: Construction, energy, transportation, and heavy engineering sectors

Forward-Looking Statements

The document contains a disclaimer noting that it contains forward-looking statements subject to risks and uncertainties including government actions, local developments, and technological risks. The company does not commit to publicly updating these statements.