RMC Switchgears Limited reported a 26.40% year-on-year increase in consolidated revenue to ₹401.59 crore for the financial year ended March 31, 2026. The company posted a consolidated net profit of ₹22.45 crore for the year, while the fourth quarter marked a strong turnaround with a net profit of ₹9.30 crore compared to a loss of ₹7.07 crore in the preceding quarter. The audited financial results were approved by the board on May 31, 2026.

Consolidated EBITDA for FY26 stood at ₹47.10 crore, with an EBITDA margin of 11.73%. Revenue growth was driven by continued execution across power infrastructure and EPC businesses, alongside sustained demand in core segments. Mr. Ashok Kumar Agarwal, Managing Director, attributed the Q4 recovery to improved project execution, better cost controls and operational efficiencies.

On a standalone basis, net profit for FY26 fell to ₹1,581.71 lakh from ₹3,061.10 lakh in the previous year. Revenue from operations stood at ₹30,346.78 lakh, compared to ₹31,587.89 lakh in FY25. The company noted that the profit for the year was impacted by an expenditure of ₹797.38 lakhs towards research and development activities for a new product, Pulsebox, of which ₹285.12 lakhs was capitalised.

Consolidated Financial Performance (₹ crore)

Standalone Financial Results (Year Ended March 31, 2026)

The board approved the re-appointment of M/s. DLS and Associates LLP as Internal Auditors and M/s. Deepak Mittal & Associates as Cost Auditors for the financial year 2026-27. The company confirmed it does not fall under the Large Corporate category as per SEBI circulars regarding debt securities. RMC Switchgears remains focused on opportunities arising from power distribution modernisation, transmission infrastructure and renewable energy development.

RMC Switchgears Limited has established a Structured Digital Database (SDD) for the financial year ended March 31, 2026, though it recorded only half of the required events during the period. V.M. & Associates, Practising Company Secretaries, certified that the company maintains a non-tamperable system capable of storing records for eight years, with controls in place to regulate access. The compliance certificate, submitted to the stock exchanges on May 28, 2026, confirms the database captures the nature of Unpublished Price Sensitive Information (UPSI) along with the date and time of entry.

The certification reveals that while the company was required to capture 10 events, it successfully recorded 5. The auditor confirmed the existence of an internal audit trail and the system's capability to prevent data tampering. The database is maintained internally to ensure the secure handling of sensitive corporate information.

The report highlighted specific instances of non-compliance observed during the financial year ended March 31, 2026. No entries were made in the SDD regarding UPSI shared for the preparation of financial results for the half year ended March 31, 2025. Additionally, UPSI shared internally and with Statutory Auditors for the half year ended September 30, 2025, was not recorded.

Further gaps were identified concerning changes in Key Managerial Personnel. The SDD lacked entries for UPSI related to the appointment of a Company Secretary and the appointment and resignation of the Chief Financial Officer. The company also failed to record UPSI regarding further investments made by the company in its subsidiary during the period.

RMC Switchgears attributed these delays to inadvertent errors and stated that appropriate measures have been implemented to ensure the timely recording of entries in the SDD moving forward. The compliance certificate was issued by V.M. & Associates, Jaipur, and signed by Partner CS Priyanka Agarwal.