Latest news with #RMCSwitchgears
Business Standard
11-07-2025
- Business
- Business Standard
RMC Switchgears hits the roof on reporting 165% YoY jump in Q1 business update
RMC Switchgears hit an upper circuit of 5% at Rs 771.75 after the company posted consolidated revenue of Rs 86.14 crore in the June quarter of FY26, recording over 165% YoY growth compared to Rs 34.04 crore in the same period last year. According to an exchange filing, the company stated that this robust performance marks a solid start to the fiscal year and reaffirms its commitment to an ambitious growth vision. With an exceptional first-quarter performance laying a strong foundation, the company is optimistic about sustaining this growth trajectory and aims to achieve even greater milestones in the remaining quarters of FY 202526. Given the nature of RMC's businessparticularly in EPC and turnkey projectsrevenue recognition typically accelerates in the second half of the financial year. Historically, the companys H2 performance has nearly doubled that of H1, driven by milestone-based billings, faster execution cycles, and back-ended order conversions. The company expects a similar trend this fiscal year, supported by a robust order book exceeding Rs 86.14 crore and a strong execution pipeline across its key verticals, solar EPC, electrical infrastructure and smart metering solutions. Ankit Agrawal, CEO & whole-time director, said, achieving over 165% growth in Q1 is a strong testament to RMCs execution excellence and strategic focus, while also highlighting the vast opportunities emerging from Indias dynamic business environment propelled by infrastructure expansion, progressive policy reforms, and a rapidly growing renewable energy sector. With a healthy order book of over Rs 86.14 crore across solar EPC, electrical infrastructure and smart metering, and with deeper backward integration underway, we are exceptionally well-positioned to convert this momentum into record full-year revenues and profits. RMC Switchgears is primarily engaged in the business of switchgear engineering and ECI contracts for the power distribution/transmission sector. For FY25, RMC Switchgears has registered a consolidated net profit of Rs 31.45 crore (up 111.2% YoY) and net sales of Rs 318.16 crore (up 84.3% YoY).
Business Standard
04-07-2025
- Business
- Business Standard
RMC Switchgears appoints Neha Agarwal as interim CFO effective 4 July 2025
RMC Switchgears said that its audit committee has appointed Neha Agarwal as the interim chief financial officer (CFO) and key managerial personnel of the company, effective 4 July 2025. Neha will assume the responsibilities of CFO until a suitable candidate is formally appointed to the position. Neha Agrawal, aged 43, possesses an experience of 16 years in the field of management and administration. She holds the degree of Bachelor of Business Administration from Eastern Institute for Integrated Learning in Management. She has been awarded several awards in the name of the Company. She is a whole-time director of the company and presently looks after the overall administration and day to day operations of the Company and possesses a strong knowledge of finance and accounts. She is a strong promoter of Women Empowerment and enhances companys responsibilities towards the society. RMC Switchgears is primarily engaged in the business of switchgear engineering and ECI contracts for the power distribution/transmission sector. For FY25, RMC Switchgears has registered a consolidated net profit of Rs 31.45 crore (up 111.2% YoY) and net sales of Rs 318.16 crore (up 84.3% YoY). Shares of RMC Switchgears shed 0.17% to Rs 764 on the BSE.
Mint
23-05-2025
- Business
- Mint
From ₹13 to ₹775: Multibagger small-cap stock turns ₹1 lakh into ₹60 lakh in 5 years. Do you own?
Multibagger small-cap stock: RMC Switchgears, which is engaged in switchgear engineering and ECI contracts for the power distribution and transmission sector, has seen its share price rise rapidly in recent years, significantly multiplying shareholders' wealth. Despite a sharp pullback in recent months—amid market volatility and profit booking—RMC Switchgears' stock is still trading with a massive 3,211% gain over the last three years and a phenomenal 5,900% gain over the past five years, making it one of the biggest wealth creators in the Indian stock market. During this period, the stock has zoomed from ₹ 13 to its current trading price of ₹ 775 apiece, turning a ₹ 1 lakh investment into ₹ 60 lakh After remaining on the sidelines between CY18 and CY20, during which it lost 75% of investor value, the stock picked up momentum in CY21, ending the year with a 45% gain, followed by an impressive 1,039% rise in 2022 and another 83% gain in 2024. The stellar rally in the stock can be attributed to improved financial performance and its expansion into renewable energy, particularly in solar and green energy EPC and IPP solutions, as part of its broader strategy to create value from India's clean energy transition. Notably, it recently bagged an order for rooftop solar systems from the Government of Rajasthan. In mid-March, the company announced that it had received a Letter of Acceptance (LOA) from the Government of Rajasthan for the installation of rooftop solar systems with a total capacity of 50 MW across state government buildings in Jaipur and Dausa. Valued at ₹ 320 crore (including GST), the LOA includes a one-time revenue opportunity of ₹ 229 crore and recurring revenue of ₹ 91 crore over the next 25 years for operations and maintenance (O&M) services—establishing a steady long-term income stream for RMC, the company stated in its March 15 regulatory filing. Meanwhile, the stellar rise in RMC Switchgears' share price has rewarded retail shareholders handsomely, as they collectively own 42.1% of the company as of the end of March 2025. Foreign Institutional Investors (FIIs) hold 5.1%, while the promoters retain a majority stake of 52.1%. The company's shares have made significant strides on the exchanges in recent sessions, hitting the 5% upper circuit limits following the release of its financial performance for H2 FY25. It posted a consolidated net profit of ₹ 21.26 crore in H2 FY25—more than three times the PAT of ₹ 6.83 crore recorded in H2 FY24. Net sales during the same period surged 150.4% year-on-year to ₹ 213.38 crore. In the corresponding period last year, the company's sales stood at ₹ 85.21 crore. For the full FY25, RMC Switchgears reported a consolidated net profit of ₹ 31.45 crore, up 111.2% YoY, and net sales of ₹ 318.16 crore, reflecting an 84.3% YoY increase. The company is a leading player in the electrical infrastructure solutions sector, specializing in the manufacturing of electrical enclosures that help prevent power theft and enhance safety by reducing the risk of electrocution. It is also pursuing backward integration with a proposed 1 GW solar module manufacturing plant, aimed at strengthening its market position and aligning with India's broader goal of reducing import dependence and promoting domestic manufacturing. In addition to its core business, RMC said it is expanding into water management infrastructure, incorporating advanced technologies such as IoT to enhance operational efficiency and service delivery.
Mint
23-05-2025
- Business
- Mint
From ₹13 to ₹775: Multibagger small-cap stock turns ₹1 lakh into ₹60 lakh in 5 years. Do you own?
Multibagger small-cap stock: RMC Switchgears, which is engaged in switchgear engineering and ECI contracts for the power distribution and transmission sector, has seen its share price rise rapidly in recent years, significantly multiplying shareholders' wealth. Despite a sharp pullback in recent months—amid market volatility and profit booking—RMC Switchgears' stock is still trading with a massive 3,211% gain over the last three years and a phenomenal 5,900% gain over the past five years, making it one of the biggest wealth creators in the Indian stock market. During this period, the stock has zoomed from ₹ 13 to its current trading price of ₹ 775 apiece, turning a ₹ 1 lakh investment into ₹ 60 lakh After remaining on the sidelines between CY18 and CY20, during which it lost 75% of investor value, the stock picked up momentum in CY21, ending the year with a 45% gain, followed by an impressive 1,039% rise in 2022 and another 83% gain in 2024. The stellar rally in the stock can be attributed to improved financial performance and its expansion into renewable energy, particularly in solar and green energy EPC and IPP solutions, as part of its broader strategy to create value from India's clean energy transition. Notably, it recently bagged an order for rooftop solar systems from the Government of Rajasthan. In mid-March, the company announced that it had received a Letter of Acceptance (LOA) from the Government of Rajasthan for the installation of rooftop solar systems with a total capacity of 50 MW across state government buildings in Jaipur and Dausa. Valued at ₹ 320 crore (including GST), the LOA includes a one-time revenue opportunity of ₹ 229 crore and recurring revenue of ₹ 91 crore over the next 25 years for operations and maintenance (O&M) services—establishing a steady long-term income stream for RMC, the company stated in its March 15 regulatory filing. Meanwhile, the stellar rise in RMC Switchgears' share price has rewarded retail shareholders handsomely, as they collectively own 42.1% of the company as of the end of March 2025. Foreign Institutional Investors (FIIs) hold 5.1%, while the promoters retain a majority stake of 52.1%. The company's shares have made significant strides on the exchanges in recent sessions, hitting the 5% upper circuit limits following the release of its financial performance for H2 FY25. It posted a consolidated net profit of ₹ 21.26 crore in H2 FY25—more than three times the PAT of ₹ 6.83 crore recorded in H2 FY24. Net sales during the same period surged 150.4% year-on-year to ₹ 213.38 crore. In the corresponding period last year, the company's sales stood at ₹ 85.21 crore. For the full FY25, RMC Switchgears reported a consolidated net profit of ₹ 31.45 crore, up 111.2% YoY, and net sales of ₹ 318.16 crore, reflecting an 84.3% YoY increase. The company is a leading player in the electrical infrastructure solutions sector, specializing in the manufacturing of electrical enclosures that help prevent power theft and enhance safety by reducing the risk of electrocution. The company is also pursuing backward integration with a proposed 1 GW solar module manufacturing plant, aimed at strengthening its market position and aligning with India's broader goal of reducing import dependence and promoting domestic manufacturing. In addition to its core business, RMC is expanding into water management infrastructure, incorporating advanced technologies such as IoT to enhance operational efficiency and service delivery. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
Business Standard
21-05-2025
- Business
- Business Standard
RMC Switchgears hits the roof after PAT rises over threefold to Rs 21 crore in H2 FY25
RMC Switchgears was locked in 5% upper circuit at Rs 723.65 after the company reported a consolidated net profit of Rs 21.26 crore in H2 FY25, which is over three times the PAT of Rs 6.83 crore recorded in H2 FY24. Net sales during the period under review rose by 150.4% YoY to Rs 213.38 crore. The company sales in the same period last year were Rs 85.21 crore. Total operating expenditure for H2 FY25 was Rs 179.99 crore as against Rs 71.45 crore in H1 FY24. Profit before tax for the second half of FY 2024-25 was Rs 27.71 crore as compared with the pre-tax profit of Rs 8.95 crore reported in the corresponding period of FY2023-24. For FY25, RMC Switchgears has registered a consolidated net profit of Rs 31.45 crore (up 111.2% YoY) and net sales of Rs 318.16 crore (up 84.3% YoY). RMC Switchgears is primarily engaged in the business of switchgear engineering and ECI contracts for the power distribution/transmission sector.
