RMCBSERMC SWITCHGEARS LIMITEDMediumNeutral
Announced Wed, 16 Sept, 2026 · 11:11 IST

Q1 FY27: revenue down 56%, margins up on mix shift, order book hits 1188 cr

Order Pipeline DisclosedAnalyst Day Multiyear TargetsInvestor Communications View source PDFExplain this filing

RMC · price

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Price reaction · full curve 14 horizons · vs prior close
+12.6%1-day move
₹202.98
prior close
₹198.13
base price
In-mkt
timing
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+0.4+0.1+0.1+1.3+12.6+11.9+6.7+10.4+9.8+7.6-7.6———
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AI summary

RMC listed on BSE and NSE main boards on April 1, 2026. Q1 FY27 revenue fell to 37.24 cr from 84.53 cr (-56%) as larger contracts were in survey and design stage. EBITDA margin rose to 20.81% from 10.50% due to lower Solar EPC mix, not a permanent improvement per CEO. PAT was 2.08 cr. Order book grew to 1,188 cr from above 800 cr after 333.80 cr Paschim Gujarat Vij order plus 369.63 cr in other awards. Aiming for 30%+ CAGR over 3-5 years.

Likely market impact

Weak revenue print, but margin rise is mix-driven and not sustainable. Strong 1188 cr order book supports FY27-FY28 revenue visibility.