Electrical Equipment & Products company Rishabh Instruments announced Q3FY25 results Consolidated revenue for Q3FY25 stood at YoY Rs 1,812 million, saw a growth of 14% YoY basis. Gross margins in Q3FY25 remained at 57.3%, registering a growth of 270 bps on YoY levels. The Adjusted EBITDA for Q3FY25 stood at YoY Rs 172 million. ESOP cost charged to P&L; in Q3FY25 is YoY Rs 30 million PBT for Q3FY25 stood at YoY Rs 109 million and PAT for Q3FY25 stood at YoY Rs 79 million. Dinesh Musalekar, Whole Time Director Rishabh Instruments, said: “I am happy to state that we have achieved Consolidated Revenues of YoY 1,812 million in Q3FY25, registering a growth of 13.7% on a YoY basis and in 9MFY25 we achieved revenue of YoY 5,329 million, registering a modest growth of 4.1% on a YoY basis. The Electronic business in Lumel SA (Poland) and Rishabh (India) have been gaining good momentum due to increased commitment for industrial automation and transition to clean energy sources. Lumel SA had a notable increase of 19%+ on a YoY basis in 9MFY25 topline, while Rishabh India's domestic business expanded by 19% YoY. Lumel Alucast, reported a modest growth of 6% on a YoY basis in Q3FY25 and remained flat in 9MFY25 as compared to 9MFY24. The challenges emerged from the Auto industry in last few quarters is now being rationalized. In Q3FY25, we have been able to spinoff our EBITDA margin by ~1,000 bps on a QoQ basis to -3.7% in Q3FY25 from -14.0% in Q2FY25. This has been achieved by our consistent efforts in re-negotiating the contracts with key customers and several cost controlling measures. We now believe that the worst is behind us, and we are on a right track to transform the Alucast business in coming quarters and achieve breakeven at EBITDA levels. Our Solar business, is steadily gaining momentum and we have also appointed a new team lead to scale our Solar Inverters Sales. He comes with 13+ years of experience in developing solar business for global MNC. With all our concentrated efforts along with an emphasis on building a good leadership team at Rishabh we believe that we are on the right track and worst is now behind. We remain optimistic to deliver growth on quarter-on-quarter basis for our stakeholders.” Result PDF