RISHABH Q4 FY26 Guidance vs Delivery (RISHABH Management Mirror)

EEI Top-Line Growth

Management expects 20% to 25% growth in the Electrical and Electronics Instrumentation (EEI) segment for the fiscal year ending Mar'27, reaffirming the outlook introduced in the Dec'25 Qtr following an upgrade of FY26 expectations from 12%-15% in the Sep'25 Qtr to 15%-20%. In the Mar'26 Qtr, management highlighted that standalone and Lumel SA entities will grow 20% to 22%, while smaller subsidiaries are expected to outpace at 30%, with US revenue specifically targeted to grow 40% to 50% toward a long-term INR 1,000 million milestone. [Status: Reaffirmed]