RMC Switchgears hits the roof on reporting 165% YoY jump in Q1 business update

RMC Switchgears hit an upper circuit of 5% at Rs 771.75 after the company posted consolidated revenue of Rs 86.14 crore in the June quarter of FY26, recording over 165% YoY growth compared to Rs 34.04 crore in the same period last year.

According to an exchange filing, the company stated that this robust performance marks a solid start to the fiscal year and reaffirms its commitment to an ambitious growth vision. With an exceptional first-quarter performance laying a strong foundation, the company is optimistic about sustaining this growth trajectory and aims to achieve even greater milestones in the remaining quarters of FY 2025?26.

Given the nature of RMC's business?particularly in EPC and turnkey projects?revenue recognition typically accelerates in the second half of the financial year. Historically, the company?s H2 performance has nearly doubled that of H1, driven by milestone-based billings, faster execution cycles, and back-ended order conversions.

The company expects a similar trend this fiscal year, supported by a robust order book exceeding Rs 86.14 crore and a strong execution pipeline across its key verticals, solar EPC, electrical infrastructure and smart metering solutions.

Ankit Agrawal, CEO & whole-time director, said, ?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.? With a healthy order book of over Rs 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.?

RMC Switchgears is primarily engaged in the business of switchgear engineering and ECI contracts for the power distribution/transmission sector.

For FY25, RMC Switchgears has registered a consolidated net profit of Rs 31.45 crore (up 111.2% YoY) and net sales of Rs 318.16 crore (up 84.3% YoY).

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