Announcement under Regulation 30 Of SEBI LODR Regulations- 2015- Quarterly Business Update -( April- June 2025 Issue)
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RMC Switchgears reported consolidated revenue of ₹86.14 crore in Q1 FY2025-26, up 165% YoY from ₹34.04 crore, driven by strong execution in solar EPC, smart metering, and electrical infrastructure. The company highlighted an order book exceeding ₹700 crore, providing strong near-term revenue visibility. It injected an additional ₹2.6 crore into its solar subsidiary RMC Green Energy (taking its stake to 99.58%), supporting plans for a 1 GW solar module manufacturing plant. Key leadership moves included appointing Mr. Samujjal Ganguly (30+ years solar experience) as Business Head of the green energy arm and Mrs. Shivani Bairathi as Compliance Officer. CEO Ankit Agrawal reaffirmed the company's long-term vision to become a ₹5,000 crore enterprise by 2030.
The sharp 165% revenue jump and ₹700+ crore order book suggest strong growth momentum, which is positive for sentiment. However, the absolute quarterly revenue base remains small (₹86 crore), and the ₹5,000 crore by 2030 target is highly ambitious — investors should view execution on the solar subsidiary and order book conversion as key things to watch.