| Metric | Value (₹ Cr) | Q1 FY26 |
|---|---|---|
| Revenue | 42.26 | 3.0% |
| Total Income | 42.44 | 2.4% |
| Expenditure | 41.83 | 7.8% |
| PBT | 0.61 | 76.8% |
| Net Profit | 0.50 | 72.0% |
| OPM | 6.49% | 2.26pp |
| NPM | 1.17% | 3.10pp |
| EPS | 0.51 | 73.4% |
Revenue growth was flat at 3% while OPM/NPM compressed sharply (OPM 8.7%→6.5%), driving a 72% PAT decline — a clear core margin deterioration for an industrials name.
Rishi Laser Q1 FY27 Revenue ₹42.26 Cr, PAT ₹0.50 Cr
13 Aug 2026 · 13 Aug, 10:30 pm
Summary
Rishi Laser Limited announced its Q1 FY27 results, with revenue growing to ₹42.26 crore, a 2.99% increase year-over-year, supported by the commencement of order intake at the new Malur facility. EBITDA for the quarter was ₹2.93 crore, and EBITDA margins decreased to 6.90% due to increased employee costs for manpower build-up at the Malur plant and higher finance and depreciation costs related to the facility's lease arrangement. Consequently, Profit After Tax (PAT) stood at ₹0.50 crore, a decrease from ₹1.77 crore in Q1 FY26. Management stated that these figures reflect transitional costs of the ramp-up phase and expressed confidence in the Malur facility progressively reaching full capacity utilization through FY27, with an expectation of contributing around ₹60 crore in revenue for FY27.
Key Highlights
- 1
Rishi Laser Limited reported Q1 FY27 revenue of ₹42.26 crore, reflecting 2.99% YoY growth over Q1 FY26.
- 2
EBITDA for the quarter stood at ₹2.93 crore, with EBITDA margins moderating to 6.90%.
- 3
PAT for the quarter stood at ₹0.50 crore, compared to ₹1.77 crore in Q1 FY26.
- 4
The Malur facility, though commissioned, is progressively ramping up towards full capacity utilisation.
- 5
The company expects meaningful capacity utilization from the Malur facility to be visible over FY27.
- 6
Management anticipates the Malur facility to contribute approximately ₹60 crore in revenue during FY27.
Management Comments
Harshad Patel
Q1 FY27 revenue grew to ₹42.26 crore, while we continued to onboard the Malur facility onto commercial operations. Product approvals from our largest customer are in place, billing and shipments from the plant have commenced, and we expect the facility to progressively ramp up towards full capacity utilisation through FY27. The quarter's numbers reflect the transitional cost of this ramp-up rather than any change in our underlying demand or strategy. The increase in employee costs during the quarter is on account of the manpower build-up at Malur, which will be progressively utilised as the plant's order book scales up. Finance costs and depreciation for the quarter were also higher, largely reflecting the lease arrangement for the Malur facility land, which under Ind-AS accounting is recognised partly as depreciation on the right-of-use asset and partly as finance cost on the lease liability. These are transitional costs tied to the plant's ramp-up phase, and we expect capacity utilisation, and the operating leverage that comes with it, to improve progressively through the remainder of FY27. Looking ahead, we remain on track for Malur to contribute approximately ₹60 crore in revenue during FY27, as part of our broader target of ₹100 crore from the facility by FY29 and 20% revenue CAGR over the next three years, supported by deeper automation and Industry 4.0 integration across our facilities. The Company remains focused on operational discipline and margin recovery as capacity utilisation at Malur improves through the year, and we remain committed to sustained value creation for all stakeholders.
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