Rishi Laser missed its FY26 target. Now it's guiding for a ₹30 crore revenue jump.
Management blamed execution failures at its new Malur plant for the shortfall. It's now guiding for ₹190 crore in FY27 as the plant finally comes online.
— 1 earlier story on Rishi Laser Ltd. →What's new
- Rishi Laser's FY26 revenue grew just 7% to ₹160 crore, missing its target; net profit fell 55% to ₹3.67 crore.
- Management blamed poor execution at the new Malur plant and a lack of ready staff.
- The company is guiding for ₹190 crore in FY27 and has shelved a planned tube-processing segment for at least a year.
Why this matters
This is a company admitting its expansion stumbled on execution, not demand. The Malur plant is now operational with a new paint shop running, and the ₹190 crore guide implies a 19% revenue jump. The question is whether last year's stumbles were a one-time setup issue or a pattern.
What we're watching
- Whether the Malur plant can actually deliver the guided ₹60 crore in FY27.
- If the 20% three-year CAGR target holds up after a year of missed targets.
- The stability of margins after a 55% profit drop in FY26.
The full read
Rishi Laser's FY26 was a miss. Revenue grew 7% to ₹160 crore but net profit cratered 55% to ₹3.67 crore. Management didn't hedge: it blamed itself, citing botched execution at the new Malur plant and staff who weren't ready. The plant is now fully operational, a paint shop started in June, and the company is pointing to ₹190 crore for FY27. That implies a 19% revenue jump, with Malur alone expected to contribute ₹60 crore. The three-year CAGR target is 20%. To hit those numbers after a year of stumbles, the company is shelving a planned tube-processing segment for at least a year. It's a clear bet on fixing what broke before adding anything new.
Questions answered
- Why did Rishi Laser miss its FY26 revenue target?
- Management directly blamed execution failures at its new Malur plant and an insufficiently trained workforce for the shortfall. The company hit ₹160 crore in revenue for the year, falling short of its goal.
- What is the new revenue guidance for FY27?
- Management is guiding for FY27 revenue of ₹190 crore, which represents a 19% increase from the ₹160 crore recorded in FY26. A key driver is the Malur plant, which is expected to contribute ₹60 crore.
- What happened to the company's profits?
- Net profit slumped 55% to just ₹3.67 crore in FY26, despite the 7% revenue growth. The filing attributes this to the execution and human-capital issues at the new plant.
- Has the company changed its long-term plans?
- Yes. Rishi Laser has shelved plans for a new tube processing segment for at least twelve months. The priority is now stabilising operations at the existing facilities, including Malur.
Story so far
All notes on RISHILASE →- 9 Jun 2026 · 2:33 PM IST Rishi Laser missed its FY26 target. Now it's guiding for a ₹30 crore revenue jump.
- 4d ago Rishi Laser's Malur plant took too long. Profit fell 55%. Now it wants ₹190 cr.