Q1 FY27 results: sharp YoY revenue decline, JV with Continental Petroleum approved
RMC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 12.3 pts less than Nifty Microcap 250 and 11.7 pts less than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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RMC Switchgears posted Q1 FY27 (Jun 2026) consolidated revenue of Rs. 37.24 crore vs Rs. 84.53 crore in Q1 FY26, a decline of about 56%. PAT fell to Rs. 2.08 crore from Rs. 4.08 crore (-49%). On standalone basis, revenue dropped to Rs. 31.85 crore from Rs. 75.88 crore (-58%). Board also approved authorised share capital hike, 1500 ESOP grants, a joint venture with Continental Petroleum for power tenders, and loans of up to Rs. 500 crore to subsidiaries.
Sharp revenue and profit decline YoY may pressure the stock near-term. New JV in power and subsidiary investments signal a growth push.