Disclosure pursuant to Regulation 30 of SEBI (LODR) Regulations 2015: Press Release w.r.t RMC Switchgears Reports 112% YOY Revenue & >97% PAT Growth in H1 FY26
RMC · price
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RMC Switchgears reported consolidated revenue of ₹221.61 crore for H1 FY26, more than doubling from ₹104.78 crore in H1 FY25, a 111.5% jump. Profit After Tax nearly doubled to ₹20.05 crore from ₹10.13 crore, up 97.9%, while EBITDA rose 71.5% to ₹34 crore and EPS climbed to ₹19.26 from ₹9.89. Growth was driven by strong execution in Solar EPC projects and steady performance in Electrical EPC and Products, with order wins of ₹61 crore in Solar EPC, ₹59 crore in Electrical EPC, and ₹16 crore in Products. Margins dipped slightly — gross margin to 24.74%, EBITDA margin to 15.34%, and PAT margin to 9.05% — as the company prioritized scaling volumes in EPC. Management highlighted a cash conversion cycle of around 60 days and participation in tenders worth over ₹1,500 crore.
Strong top-line and profit growth signals robust business momentum, though the slight margin compression shows the company is trading some profitability for market share gains. The healthy order pipeline and expansion into solar manufacturing position RMC well for sustained growth, likely to be viewed positively by investors.