RMC Switchgears sees over 110% YoY growth in H1 Sales for FY 2025-26, driven by strong Solar EPC performance

RMC Switchgears Limited announced its unaudited sales for the first half of the financial year 2025-26 (April to September) at ₹221 crore, compared with ₹105 crore in the corresponding period of FY2024-25, representing a yearon-year growth of over 110%.

This robust performance was primarily driven by strong traction in the Solar EPC segment, which contributed approximately ₹114 crore to the top line, followed by Electrical EPC and Electrical Products, which contributed ₹57 crore and ₹50 crore, respectively.

The strong momentum in the Solar EPC business further reinforces the strategic importance of the Company's upcoming Solar Module Manufacturing Plant, which will provide a reliable and cost-efficient supply base. Once operational, the plant is expected to enhance project execution capabilities and improve the overall margin profile. The performance reflects progress across the company's core business segments and provides a firmer base for execution in the second half. As of 30th September 2025, the Company has a projects/orders/LOAs pipeline of ₹825 crore to execute across the next ~12 months.

During the second quarter of FY2026, the company also completed its proof of concept (POC) for its Pulse Box, an intelligent low-tension power distribution system designed to enhance grid safety, deter electricity theft and help reduce technical losses. The Pulse Box forms part of RMC's smart distribution roadmap. Further deployment of this innovative solution will hinge on utility acceptance and approvals, field performance and commercial arrangements.

Commenting on the development, Mr. Ankit Agrawal, CEO and Whole-Time Director of RMC Switchgears Limited, said: "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. As these operational improvements compound, we are building stronger references and a more defensible market position. This will support quality order inflow and sustained growth while we remain focused on prudent capital allocation and governance."

Shares of RMC Switchgears Ltd was last trading in BSE at Rs. 718.55 as compared to the previous close of Rs. 747.85. The total number of shares traded during the day was 46250 in over 271 trades.

The stock hit an intraday high of Rs. 763.90 and intraday low of 715.00. The net turnover during the day was Rs. 33667900.00.

Source : Equity Bulls

Keywords

RMCSwitchgears INE655V01019 H1FY26 H1FY2026 Sales