RMC Switchgears Limited , a company operating in switchgear engineering and EPC contracts for power distribution and transmission sectors, has reported its financial results for the half-year ended September 30, 2025.

Financial Highlights

The company's standalone financial results show a significant downturn:

Operational Performance

RMC Switchgears has experienced a significant decline in its operational performance. The revenue from operations decreased to Rs 19.51 crores from Rs 105.21 crores in the previous year, representing a substantial drop of 81.45%.

Profitability

The company's profitability has been severely impacted:

• A net loss of Rs 19.48 crores was reported, compared to a profit of Rs 10.25 crores in the same period last year.
• Total expenses increased to Rs 169.53 crores from Rs 99.01 crores, a rise of 71.22%.

Consolidated Results

On a consolidated basis, the company posted a net profit of Rs 19.87 crores compared to Rs 10.29 crores in the corresponding period. This presents a contrasting picture to the standalone results.

Board Approval

The Board of Directors approved these unaudited standalone and consolidated financial results at their meeting held on November 4, 2025.

Conclusion

The financial results for RMC Switchgears reflect a challenging period for the company's standalone operations, with a significant decrease in revenue and a shift from profit to loss. However, the consolidated results show a positive net profit, indicating potential variations in performance across the company's different entities or operations. These results underscore the current difficulties faced by the company in its core switchgear engineering and EPC contract businesses for the power sector.

RMC Switchgears , a key player in the electrical infrastructure solutions sector, has announced a remarkable sales performance for the first half of the financial year. The company reported an impressive year-on-year growth of over 110% in its H1 sales, primarily fueled by the robust performance of its solar EPC (Engineering, Procurement, and Construction) business segment.

Financial Highlights

The company's total sales for H1 reached ₹221.00 crore, compared to ₹105.00 crore in the corresponding period of the previous fiscal year. This substantial growth underscores RMC Switchgears' strong market position and successful diversification strategy.

Solar EPC Segment Leads Growth

The Solar EPC segment emerged as the primary growth driver, contributing approximately ₹114.00 crore to the top line. This performance highlights the company's strategic focus on renewable energy solutions and aligns well with India's push towards clean energy adoption.

Strong Order Book

As of September 30, RMC Switchgears boasts a robust projects/orders/LOAs pipeline of ₹825.00 crore, to be executed over the next 12 months. This healthy order book provides visibility for sustained growth in the coming quarters.

Innovation in Power Distribution

During Q2, the company completed its proof of concept (POC) for the Pulse Box, an intelligent low-tension power distribution system. This innovative solution is designed to enhance grid safety, deter electricity theft, and reduce technical losses, aligning with RMC's smart distribution roadmap.

Management Commentary

Ankit Agrawal, CEO and Whole-Time Director of RMC Switchgears Limited, commented on the performance: "RMC's first-half performance reflects disciplined execution across our core segments and improved traction from the Solar EPC Segment. We have deepened our engineering capabilities, strengthened project planning, and optimized project turnaround times, which together are enhancing delivery reliability for our customers."

Future Outlook and New Plant Expectations

The company's upcoming Solar Module Manufacturing Plant is expected to provide a reliable and cost-efficient supply base, potentially enhancing project execution capabilities and improving overall margin profiles. This strategic move could further solidify RMC Switchgears' position in the renewable energy sector.

RMC Switchgears anticipates that the new plant will significantly improve its project execution capabilities and overall profit margins. The company believes this facility will strengthen its operational efficiency and financial performance, positioning it for continued growth in the competitive market.

RMC Switchgears continues to play a crucial role in India's power infrastructure development, contributing to the nation's goals of modernizing power distribution networks and promoting clean energy adoption. The company's diversified portfolio and focus on innovation position it well to capitalize on the growing opportunities in the electrical and renewable energy sectors.

Note: The sales figures mentioned are management-reported and unaudited, subject to review and confirmation by statutory auditors.