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Earnings Call

RMC Switchgears Earnings Call: Key Takeaways

RMC reports 26.4% revenue growth but faces severe margin pressure from input costs and execution delays. Management is pivoting from pure growth to a technology-led solution model featuring their new Pulse Box IOT device.

Why this was an Alfa AlertNot a filter event. Revenue growth of 26.4% is substantial but no explicit prior guidance beat of >10% was stated.
Highlights
Revenue growth26.4% YoY growth to ₹401.6 cr for FY26.
MarginsCompressed by solar module costs and aluminum/silver price spikes.
Order book₹850 cr+ unexecuted order book; ₹1500 cr tender pipeline.
Demand visibilityStrong visibility from India's power distribution network modernization and RDSS schemes.
Management confidenceCandid about H2 challenges; optimistic about technology-led differentiation.

Growth

Revenue reached ₹401.6 cr, up 26.4%, though H2 profitability was hit by rainfall and supply chain disruptions.

Outlook

Order book stands at ₹850 cr+ with a ₹1500 cr tender pipeline targeting ₹5000 cr revenue by FY30.

Risks

High trade receivables (₹205 cr), negative operating cash flows, and dependency on slow government (B2G) payment cycles.

Source

Earnings Call filed with NSE, NSE: RMC. Summary written with AI assistance from the document.

Read the document ↗

RMC Switchgears Ltd: key numbers

Share price
₹174.20
Market cap
₹184.3 Cr
Revenue (annual)
₹401.6 Cr
Net profit (annual)
₹22.32 Cr
P/E (TTM)
9.3×Sector 44.3×
Promoter holding
51.94%-0.03% QoQ
FII holding
2.06%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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11:26 IST NSE
Fund Raise

RMC Switchgears Fund Raise of ₹30 Cr

RMC Switchgears' Board approved a rights issue of up to ₹30 Crore to equity shareholders. Specific terms including price and record date to be determined later.

Value
₹30.00 Cr