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Earnings Call

RMC Switchgears Earnings Call: Key Takeaways

RMC delivered FY26 consolidated revenue of ₹401.59 cr (26.4% YoY growth). Strategy shifting from pure EPC to high-margin technology-led solutions like PulseBox to improve profitability and working capital.

Why this was an Alfa AlertNot a filter event. Profitability was lower than management expectations due to cost pressures and investments.
Highlights
Revenue growth26.4% YoY growth in FY26.
MarginsFY26 margins pressured by input costs and R&D; Q4 showed recovery.
Order bookCurrent unexecuted order book ₹850 cr+; tender pipeline ₹1,500 cr+.
Demand visibilityStrong demand from India's power distribution modernization (RDSS phase two).
Management confidenceCEO confident in FY30 aspiration of ₹5,000 cr revenue.

Growth

Revenue grew 26.4% YoY to ₹401.59 cr; Q4 net profit ₹9.3 cr, recovering from ₹7.07 cr Q3 loss.

Outlook

Unexecuted order book of ₹850 cr+; tender pipeline ₹1,500 cr. Target of ₹5,000 cr revenue by 2030 remains intact.

Risks

Input cost pressures (Al, Ag, Steel), China-linked supply chain disruptions, and government-linked payment delays (high trade receivables).

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
₹221.70
Market cap
₹234.6 Cr
Revenue (annual)
₹401.6 Cr
Net profit (annual)
₹22.32 Cr
P/E (TTM)
11.9×Sector 45.9×
Promoter holding
51.97%+0.00% QoQ
FII holding
2.70%Current quarter

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

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Value
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