RMC Switchgears Reports FY26 Consolidated Revenue of ₹401.59 Crore, Marking 26.40% Year-on-Year Growth
RMC Switchgears Limited, a Jaipur-based power infrastructure and EPC solutions company, announced its audited consolidated financial results for the financial year ended March 31, 2026. The company reported consolidated revenue from operations of ₹401.59 crore for FY26, achieving a significant growth of 26.40% year-on-year.The company stated that its strong annual performance was supported by continued execution across its power infrastructure and EPC businesses, alongside sustained demand within its core operating segments.
Financial Performance Snapshot (₹ crore)
The financial performance for FY26 and Q4 FY26 highlights the company's operational activities. The following table summarizes the key consolidated financial metrics:| Particulars | Q4 FY26 | Q4 FY25 | YoY Change (Q4) | FY26 | FY25 | YoY Change (FY) |
|---|---|---|---|---|---|---|
| Revenue from Operations | 142.94 | 165.66 | -13.7% | 401.59 | 317.73 | +26.4% |
| Gross Profit | 31.61 | 29.81 | +6.0% | 95.06 | 94.31 | +0.8% |
| Gross Margin % | 22.11% | 17.99% | +412 bps | 23.67% | 29.68% | -601 bps |
| EBITDA | 17.63 | 16.66 | +5.8% | 47.10 | 52.36 | -10.0% |
| EBITDA Margin % | 12.34% | 10.06% | +228 bps | 11.73% | 16.48% | -475 bps |
| Profit Before Tax | 12.98 | 13.75 | -5.6% | 30.40 | 41.97 | -27.6% |
| PBT Margin% | 9.08% | 8.30% | +78 bps | 7.57% | 13.21% | -564 bps |
| Profit After Tax | 9.30 | 9.85 | -5.6% | 22.45 | 30.89 | -27.3% |
| PAT Margin % | 6.51% | 5.95% | +56 bps | 5.59% | 9.72% | -413 bps |
| EPS (₹) | 8.81 | 9.53 | -7.6% | 21.18 | 29.80 | -28.9% |
Operational Highlights
The company noted a significant Q4 turnaround. In Q4 FY26, RMC reported consolidated revenue from operations of ₹142.94 crore and consolidated EBITDA of ₹17.63 crore. The net profit for the quarter stood at ₹9.30 crore. This performance reflected a significant recovery from Q3 FY26, when the company had recorded a loss of ₹7.07 crore.For the full financial year, consolidated EBITDA stood at ₹47.10 crore, and consolidated net profit was ₹22.45 crore.
RMC continues to operate across a diversified power infrastructure platform, encompassing switchgear engineering, smart metering solutions, electrical safety products, and EPC projects.
Market Positioning and Outlook
Speaking on the results, Mr. Ashok Kumar Agarwal, Managing Director, RMC Switchgears Limited, stated that the strong consolidated revenue growth by 26.40% to ₹401.59 crore reflected the strength of the company's execution capabilities and the depth of its project portfolio.He observed that despite the challenging environment for the broader electrical and EPC sectors, including rising commodity costs and global supply chain disruptions, the company remained focused on protecting project quality and delivery commitments.
The Managing Director emphasized the significant recovery seen in the second half of the year. This turnaround was attributed to improved project execution, better cost controls, a stronger project mix, and operational efficiencies across the business.
RMC Switchgears Limited serves utilities, infrastructure companies, and government-led projects across multiple states in India, leveraging its manufacturing and project execution capabilities. The company is well-positioned to participate in opportunities arising from power distribution modernization, transmission infrastructure, smart metering, and renewable energy development across India.
About RMC Switchgears Limited
RMC Switchgears Limited is a Jaipur-headquartered company specializing in the power infrastructure sector. Established in 1994 as RFH Metal Castings Pvt. Ltd., the company has evolved into an integrated player. RMC manufactures smart energy meter enclosures, distribution boxes, electrical safety products, and other power infrastructure solutions, while also undertaking EPC projects for power distribution and transmission networks.RMC Stock Price Movement
Shares of RMC Switchgears Limited on Friday slipped by 3.91% to settle at ₹388.65. The stock shed ₹15.65 on the day, trading amid a volume of 26,618 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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