RMC Switchgears Limited, a leading player in the electrical infrastructure solutions sector, has announced a remarkable sales performance for the first quarter of the financial year 2025-26. The company has reported a substantial increase in sales, with revenues soaring by over 165% compared to the same period in the previous year.

Financial Highlights

Strong Start to the Fiscal Year

The company's impressive first-quarter performance sets a solid foundation for the fiscal year 2025-26. RMC Switchgears has demonstrated its ability to capitalize on the growing opportunities in India's dynamic business environment, particularly in the areas of infrastructure expansion, renewable energy, and smart metering solutions.

Robust Order Book

RMC Switchgears reports a healthy order book exceeding ₹86.14 crore at the time of the announcement. This strong pipeline spans across its key verticals, including:

• Solar EPC (Engineering, Procurement, and Construction)
• Electrical infrastructure
• Smart metering solutions

Management Commentary

Mr. Ankit Agrawal, CEO & Whole-Time Director of RMC Switchgears, commented on the company's performance: "Achieving over 165% growth in Q1 is a strong testament to RMC's execution excellence and strategic focus, while also highlighting the vast opportunities emerging from India's dynamic business environment— propelled by infrastructure expansion, progressive policy reforms, and a rapidly growing renewable energy sector."

He further added, "With a healthy order book of over ₹86.14 crore across solar EPC, electrical infrastructure and smart metering, and with deeper backward integration underway, we are exceptionally well-positioned to convert this momentum into record full-year revenues and profits."

Future Outlook

The company is optimistic about sustaining its growth trajectory and aims to achieve even greater milestones in the upcoming quarters of FY 2025-26. RMC Switchgears anticipates that the second half of the financial year will see accelerated revenue recognition, particularly in EPC and turnkey projects. This expectation is based on historical trends where H2 performance has nearly doubled that of H1, driven by faster execution cycles, milestone-based billings, and back-ended order conversions.

Company Profile

RMC Switchgears specializes in manufacturing electrical enclosures designed to prevent electrical theft and enhance safety. The company has established a strong presence in the smart meter enclosure market, supporting utilities across India through initiatives such as the Revamped Distribution Sector Scheme (RDSS).

The company's offerings include manufacturing, installation, and Operations & Maintenance (O&M) services, making it a reliable partner for AMISPs, utilities, and state entities as India modernizes its power distribution networks. Additionally, RMC is positioning itself to participate in the ₹9 trillion investments planned by the Government of India for the transmission sector through its EPC model.

RMC Switchgears is also expanding its footprint in the renewable energy sector, contributing to India's clean energy goals. The company is venturing into solar EPC, green energy projects, and IPP solutions. Furthermore, RMC is pursuing backward integration with a proposed 1 GW solar module manufacturing plant, aligning with India's vision to reduce import dependencies and promote local manufacturing.

As RMC Switchgears continues to diversify and strengthen its position in the electrical infrastructure and renewable energy sectors, the company remains committed to supporting India's sustainable infrastructure development and power security objectives.

RMC Switchgears , a key player in the electrical equipment sector, has reported robust financial results for the fourth quarter, showcasing significant growth across key metrics.

Revenue Soars

The company witnessed a remarkable surge in revenue, which reached ₹2.13 billion in Q4, marking a substantial increase from ₹852.10 million in the same period last year. This impressive growth of over 150% year-over-year underscores the company's strong market position and increased demand for its products.

Profit Triples

RMC Switchgears' consolidated net profit for Q4 saw a dramatic rise, reaching ₹213.30 million. This figure represents a threefold increase from ₹68.30 million reported in the corresponding quarter of the previous year. Sequentially, the profit showed significant improvement, up from ₹101.30 million in the preceding quarter.

EBITDA Performance

The company's earnings before interest, taxes, depreciation, and amortization (EBITDA) demonstrated substantial growth, increasing to ₹334.00 million from ₹137.60 million year-over-year. This growth in EBITDA indicates improved operational efficiency and cost management.

Margin Slight Dip

Despite the overall positive performance, RMC Switchgears experienced a marginal decrease in its EBITDA margin. The margin slightly declined to 15.65% from 16.15% in the same period last year. This minor contraction in margin might be attributed to factors such as increased input costs or changes in product mix.

Financial Highlights Table

RMC Switchgears' Q4 results reflect a period of significant growth for the company, with substantial increases in revenue and profitability. The company's ability to more than double its revenue while maintaining a strong EBITDA performance suggests effective execution of its business strategies and potentially favorable market conditions in the electrical equipment sector.

As the company moves forward, investors and industry observers will likely keep a close eye on how RMC Switchgears maintains its growth trajectory and addresses the slight dip in EBITDA margin. The impressive quarterly performance sets a strong foundation for the company's prospects in the coming fiscal year.