RMC Switchgears (RMC) — Financial Results

RMC Switchgears reported FY26 revenue of ₹401.59 crores, up 26.4% YoY, with net profit of ₹9.3 crores in Q4FY26 after a ₹7.07 crore loss in Q3FY26. The company highlighted a [amount context mismatch] crore unexecuted order book and ₹1,500 crore tender pipeline, targeting 75 lakh transformers in India. It emphasized PulseBox, an IoT solution for grid safety and theft reduction, with a ₹50,000 crore addressable market. Management aims for 10-13x revenue growth by 2030 and ₹5,000 crore by FY30, driven by B2B expansion and technology-led innovation. Cash flow is expected to turn positive in FY27 as retention payments are realized. The shift from EPC to differentiated electrical solutions underpins long-term growth.

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About RMC Switchgears Limited (RMC)

Capital Goods · Capital Goods - Electrical Equipment · Listed on NSE

Market Cap: ₹245.22 Cr P/E: 29.2 ROE: 6.4% ROCE: 11.4%

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