RMC Switchgears Limited delivered an outstanding first half of FY26, showcasing 112% year-on-year revenue growth to ₹221.61 crore and a 98% PAT surge to ₹20.05 crore. Growth was driven by efficient execution in solar EPC projects and stabilized performance in electrical EPC and products.
In a strong financial performance for H1 FY26, RMC Switchgears Limited reported stellar growth on multiple fronts. Revenue from operations soared by 111.5% to ₹221.61 crore compared to the same period last year, while Profit After Tax (PAT) nearly doubled to ₹20.05 crore. Earnings per share (EPS) similarly surged 95%, underscoring operational strength.
This robust performance was fueled by remarkable execution in solar EPC projects, consistent contributions from electrical EPC and product segments, and enhanced operational efficiencies. The company secured key contracts totaling ₹136 crore across multiple sectors, boosting its order pipeline and affirming its competitive edge.
RMC Switchgears is advancing its 1GW solar module manufacturing plant initiative, aligning with its backward integration strategy to reinforce its solar business. Recognized on Forbes Asia's Best Under a Billion List 2025, RMC is focused on sustainable growth, leveraging digital initiatives and expanding its footprint in transmission and distribution infrastructure.
CEO Ankit Agrawal commented that the company’s growth is structural and proactive, with continued emphasis on capacity utilization, vendor partnerships, and sector diversification as it capitalizes on India’s expanding clean energy ecosystem.
Key Highlights
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Revenue surges 111.5% YoY to ₹221.61 crore in H1 FY26
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PAT climbs 97.93% to ₹20.05 crore with EPS up 94.74%
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Major contract wins totaling ₹136 crore propel future growth
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Progress on 1GW solar module plant under backward integration strategy
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Inclusion in Forbes Asia's Best Under a Billion 2025 reflects governance and innovation
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Focused growth in solar EPC, electrical EPC, transmission & distribution sectors
Sources: Business Standard, ScanX Trade, MoneyControl, MNCL Group, Economic Times.