Rmc Switchgears Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
RMC · price
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RMC Switchgears reported audited standalone and consolidated financial results for FY2026 ending March 31, 2026. Consolidated revenue grew 26.4% to Rs 40,159.24 lakhs from Rs 31,773.43 lakhs, driven by subsidiaries. However, standalone revenue declined 3.9% to Rs 30,346.78 lakhs from Rs 31,587.89 lakhs. Consolidated PAT fell 26.9% to Rs 2,241.58 lakhs from Rs 3,065.23 lakhs, while standalone PAT dropped 48.3% to Rs 1,581.71 lakhs from Rs 3,061.10 lakhs. The company reported negative operating cash flows of Rs 1,159.79 lakhs (consolidated) and Rs 1,863.26 lakhs (standalone). Short-term borrowings doubled to Rs 8,937.94 lakhs from Rs 4,037.17 lakhs. Auditors issued an unmodified (clean) opinion. The company migrated from SME to Main Board effective April 1, 2026. R&D expenditure of Rs 797.38 lakhs was incurred for a new product 'Pulsebox'.
The mixed results show revenue growth on consolidation but profit decline and negative cash flows are concerning. Doubling of short-term debt and negative operating cash flows signal liquidity pressure. Shareholders should monitor the company's ability to manage increased debt and reverse the profit decline trend.