RMC Switchgears Ltd

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 2025'26. Given the nature of RMC's business'particularly in EPC and turnkey projects'revenue recognition typically accelerates in the second half of the financial year. Historically, the company's 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 RMC's execution excellence and strategic focus, while also highlighting the vast opportunities emerging from India's 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). Powered by Capital Market - Live

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 company's 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. Powered by Capital Market - Live

RMC Switchgears has approved the grant of 3,000 Stock Options (ESOPs) which has right to exercise for equal number of Equity Shares of Rs. 10/- each to Eligible Employees in accordance with RMC Switchgears Limited Employees Stock Option Scheme 2024.Powered by Capital Market - Live

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. Powered by Capital Market - Live

RMC Switchgears will hold a meeting of the Board of Directors of the Company on 20 May 2025.Powered by Capital Market - Live

The key equity indices traded with significant gains in early afternoon trade, as investors awaited the Q4 results of ICICI Bank and HDFC Bank, which are scheduled to be announced later this week. The Nifty traded near the 23,650 mark. Private bank shares surged for the fourth consecutive trading session. At 12:25 IST, the barometer index, the S&P BSE Sensex, advanced 767.50 points or 1% to 77,824.58. The Nifty 50 index added 208.75 points or 0.89% to 23,645.95. In the broader market, the S&P BSE Mid-Cap index advanced 0.30% and the S&P BSE Small-Cap index rose 0.61%. The market breadth was strong. On the BSE, 2,447 shares rose and 1,304 shares fell. A total of 193 shares were unchanged. Derivatives : The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, advanced 2.23% to 16.22. The Nifty 24 April 2025 futures were trading at 23,663.70, at a permium of 17.75 points as compared with the spot at 23,645.95. The Nifty option chain for the 30 April 2025 expiry showed a maximum call OI of 8.2 lakh contracts at the 23,500 strike price. A maximum put OI of 7.8 lakh contracts was seen at a 23,000 strike price. Buzzing Index: The Nifty Private Bank index rose 1.12% to 26,852.75. The index jumped 7.4% in the four trading sessions. ICICI Bank (up 2.43%), HDFC Bank (up 1.06%), Axis Bank (up 1.04%), IndusInd Bank (up 0.9%), Yes Bank (up 0.9%), Kotak Mahindra Bank (up 0.47%), Bandhan Bank (up 0.15%) and IDFC First Bank (up 0.11%) surged. Stocks in Spotlight: RMC Switchgears hit a lower circuit of 2% after the company informed that Anand Chaturvedi has tendered his resignation from the post of chief financial officer (CFO), effective from 16 April 2025. Reliance Industrial Infrastructure rose 0.96%. The company's consolidated net profit gained 16.78% to Rs 32 crore in Q4 FY25 as against Rs 27.40 crore in Q3 FY25. Total income rose 1.82% to Rs 189.40 crore in Q4 FY25 over Q3 FY25. PBT rose 0.93% to Rs 32.50 crore in Q4 FY25 over Q3 FY25. Waaree Renewable Technologies soared 9.43% after the company's consolidated net profit surged 82.72% to Rs 93.81 crore in Q4 FY25 as against Rs 51.34 crore posted in Q4 FY24. Revenue from operations jumped 74.37% year-on-year (YoY) to Rs 476.58 crore in the quarter ended 31 March 2025.Powered by Capital Market - Live

According to an exchange filing, Anand Chaturvedi submitted his resignation letter dated 12 April 2025, citing personal reasons. The management has accepted his resignation, and he has been relieved of his responsibilities with effect from the close of business hours on 16 April 2025. RMC Switchgears is primarily engaged in the business of switchgear engineering and ECI contracts for the power distribution/transmission sector. On a half-year basis, the company's consolidated net profit jumped 25.7% to Rs 10.13 crore in H1 FY25 as compared to Rs 8.06 crore recorded in H1 FY24. Revenue from operations grew 19.9% YoY to Rs 104.78 crore in H1 FY25. Powered by Capital Market - Live

Under this contract, RMC will handle the design, supply, erection, and commissioning of rooftop solar projects on state government and government undertaking buildings in Jaipur and Dausa. The project will be executed under the hybrid annuity mode (HAM), ensuring long-term financial stability. Additionally, RMC will manage the operation and maintenance (O&M) of the solar installations for the next 25 years from the date of commissioning. This order represents a one-time revenue opportunity of Rs 229 crore, with recurring revenue of Rs 91 crore over the next 25 years from O&M services, establishing a steady long-term income stream for RMC throughout the project's lifecycle. Ankit Agrawal, CEO and whole-time director of RMC Switchgears, said, 'This LOA marks a significant step in RMC''s journey towards expanding its Solar EPC footprint and supporting Rajasthan's ambitious clean energy transition. With the state committed to powering all government and public sector buildings with solar energy, this project underscores our ability to deliver large-scale, sustainable solutions. It also reinforces the strategic rationale behind our investment in solar module manufacturing, ensuring better execution efficiency and long-term value creation. As we continue to scale our renewable energy portfolio, this project brings us closer to realizing our 'Vision 2030 goals while contributing meaningfully to India's renewable energy objectives.' RMC Switchgears is primarily engaged in the business of switchgear engineering and ECI contracts for the power distribution/transmission sector. On a full-year basis, the company's consolidated net profit jumped 26.8% to Rs 14.89 crore in FY24 as against Rs 11.74 crore posted in FY23. Revenue from operations surged 37.8% to Rs 172.63 crore in FY24 as compared to Rs 125.27 crore recorded in FY23. Powered by Capital Market - Live

RMC Switchgears has received a work order of Rs. 108.05 crore from the private contractor for development of distribution infrastructure work for 11 KV UG Cable, & RMU System in some Districts of Gujarat State. Powered by Capital Market - Live

RMC Switchgears has received a work order of Rs. 5.42 crore from Suncity Urja for construction of various transmission elements (220 & 132 KV associated lines at 220 KV GSS Sheo (Dist. Barmer) including survey, supply of all equipment's/materials, erection (including civil works), testing and commissioning. Powered by Capital Market - Live