RMC SWITCHGEARS LIMITED

During the earnings conference call for the financial year ended March 31, 2026, RMC Switchgears Limited reported a consolidated revenue of Rs. 401.59 crore, reflecting a growth of 26.4% year-over-year. Management noted that while revenue growth was strong, profitability was impacted by product development investments, project execution delays, and rising input costs. The company highlighted the importance of its new product, PulseBox, an IoT-enabled solution aimed at improving grid safety and reducing electrical theft. Management discussed the challenges faced in the solar EPC business due to supply chain disruptions and increased costs. The unexecuted order book was reported at approximately Rs. 850 crore, with a tender pipeline of around Rs. 1,500 crore. Management emphasized a focus on profitable growth and innovation-led differentiation, aiming to enhance execution quality and capital efficiency moving forward. The call concluded with a commitment to transparent communication and milestone-led disclosures.

Management reported both growth and challenges, indicating a complex operational environment.